Insurance Litigation partner Angela Yim and associate Pearl Leung discuss the recent decision of the Hong Kong District Court in Wong Sin Yi v. Kwan Pui Wing and The Kowloon Motor Bus Company (1933) Limited (DCPI 408/2023), which serves as a reminder to legal practitioners to realistically assess the likely recoverable damages of claims before determining the appropriate level of court to commence legal proceedings in Hong Kong. Learn more: https://lnkd.in/gE6s9ctB #Injuiry #Claims #HongKong
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The Complex State of Third-Party Funding in China The latest Quarterly Focus from Commercial Dispute Resolution (CDR) looks at the topic of third-party funding in China, examining how the country’s legal system has continued to demonstrate an openness towards arbitration funding whilst taking a more cautious approach when it comes to litigation funding. The article gathers insights from legal professionals with experience in Chinese disputes, exploring how the country has created both opportunities and hurdles for funders looking to expand into this market. https://lnkd.in/eexis7Pd #litigationfinance #litigationfunding #legalfinance #legalfunding #litfin #china
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🔍 Cyprus Convicted by the European Court for Excessive Trial Duration: 13 Years and Seven Months In a landmark decision on October 24, 2023, the Republic of Cyprus was condemned by the ECHR for violating the right to a fair trial within a reasonable time and the right to an effective remedy. The applicant, Altius Insurance Ltd, a company established under Cypriot law, brought civil proceedings against the company in 2004 for a breach of contract. The District Court of Nicosia dismissed the case in December 2010, but the Supreme Court overturned this decision in 2017, ordering the applicant company to pay almost €2 million in damages, legal, and court fees. The case concerning the contract breach did not involve exceptionally complex legal issues. Even if the trial at first instance was procedurally complex due to the number of interim applications filed, this alone could not justify their total duration, noted the ECHR. 🏛️In light of the relevant case law, the Court found that the duration of the proceedings in this case was excessive and did not meet the requirement of "reasonable time". In conclusion, the ECHR convicted Cyprus for violating the Convention and awarded the applicant company €11,600 for moral damage and €15,250 for costs. 🖇Read the full article ⬇️ https://bit.ly/466yoy7 #law #legalarticles #lawarticles #legalviews #legal #lawnews #legalnews #EUWarning #ComplianceMatters #LegalDirective #ECHRVerdict #FairTrial #LegalJustice
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Do you want to know more about the direct claim and its limits in modern Insurance law? The 9th International Scientific Conference of the Faculty of Law of the University of Latvia (Latvijas Universitāte) is approaching. Olavi-Jüri Luik, PhD will also be there and you can hear him discuss "Granting direct claim rights in voluntary #liability insurance to the injured party in Estonian #insurance practice: via insurance contract vs. claim assignment." Olavi Jüri Luiks' presentation was created in collaboration with Janno Lahe, Professor in Civil #law at The University of Tartu. The conference focuses on revisiting the limits of freedom while living under threat and takes place 9-10 November 2023. It's also possible to participate online, as the link to the sections is available in the conference programme. Olavi-Jüri Luik is an #attorney at law and Partner at law firm LEXTAL. The link to the event is below. https://lnkd.in/dXpCZr6S
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Insuralex, Trusted Legal Advisors for the (Re)Insurance Industry and Heuking Kühn Lüer Wojtek are putting together an interesting event on the 7th of September in Cologne. Different topics will be discussed, among which a comparison of the personal injury compensation in Europe. Our lawfirm Paul Muylaert Cabinet d'avocats - Advocatenkantoor will be present. Don't hesitate to join us! #insurancelaw #droitdesassurances #lawcomparison #Insuralex
Join us! Conference on International #Insurance #Law and Cocktail Reception Hosted by Gen Re in cooperation with Insuralex and Heuking Kühn Lüer Wojtek, (#Insuralex´s Exlusive Member in #Germany) conference´s topics incluce: – Personal Injury Compensation in Europe – a Comparison – Class actions – an advancing concept in EU? – Defence strategies against class actions in the US International – Cooperation with, and between, Lawyers – Solutions and Harmonisation – Coverage Concepts for International Law Firms and Networks Stefan Joester Loren Podwill Jochen Schuster Martin Peiffer Janine Oelfert Marta Olczak-Klimek Samantha Lemery Rowles Laura Manz Carlos Sucre Levy David ROIG Lowers Forensics International Joe Scarlato #insurancelaw https://lnkd.in/dU2X33tW
Conference on International Insurance Law and Cocktail Reception - Insuralex
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Over the past two decades, the Chinese insurance industry has experienced remarkable growth, boasting an average annualised growth rate of over 15% in original premium income. Challenges such as intense sales competition, lax expense management, and imbalanced corporate governance have emerged. Baoting Yang from DACHENG LAW OFFICES LLP examines this in more detail in the latest hot topic from The Legal 500 Insurance Disputes Comparative Guide, 'Regulation Developments in the Chinese Insurance Industry'. Please click to view here - https://ow.ly/SNUh50QVtll #insurance #insurancesiputes #law #lawfirms
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The legal sector, which had to contend with lockdowns and border closures during the pandemic, and then was faced with economic headwinds, inflation, and geopolitical uncertainties, seems to have bounced back. The counter-cyclical practices of dispute resolution, insurance coverage, insurance defense, workplace relations, and insolvency and restructuring supported firms in 2023. These practices account for one-third of all hours logged and provided the bulk of demand growth in 2023. https://lnkd.in/ejseJR-J
'A Remarkable Comeback': Australia's Legal Sector Has Coped Well With Softening Demand, Report States | Law.com International
law.com
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The Supreme Court of Canada recently released its decision for Yatar v TD Insurance. Read our newest blog post for how this innocuous sounding decision paves the way for judicial review of Ontario Land Tribunal decisions on questions of fact, or mixed-law and fact! https://lnkd.in/g_ih9RZy #planning #law #administrativelaw #judicialreview #SCC
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Stephenson Harwood's latest arbitration update looks at the case of Falcon Insurance v Bing Lee, and how it demonstrates the pro-arbitration stance adopted by the Hong Kong courts' when determining the arbitrability of a dispute. #Arbitration #Dispute
Arbitrability – stay of proceedings in favour of arbitration Falcon Insurance v Bing Lee [2023] HKCFI 1129
arbitrationhub.com
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Arbitration in General Insurance Policies - IRDAI Circular dated 26.10.2023 - Amendment to remove limited scope of Arbitration in General Lines of Business will go a long way in settlement of disputes through arbitration. #irdai #arbitration #generalinsurancepolicy #legaldeli https://lnkd.in/d57E2bse
IRDAI - Arbitration Clause in General Insurance Policies - Amendment by IRDAI Circular dated 27.10.2023 - LegalDeli.in
https://www.legaldeli.in
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ARAG's Essential Business Legal policy offers a wraparound legal service from day one. These are some of the benefits your customer can access straight away, to help them manage and minimise any #legal #risks to their #business: 🟡 24/7 Business support 🟡 Legal Documents 🟡 Crisis communications To see more about ARAG's Day One Benefits or learn about trading with us on Acturis Limited, please click here: https://lnkd.in/gnsgUkpd #ARAG #accesstojustice #legalinsurance #dayonebenefits #Acturis
Day One Benefits
arag.co.uk
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