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ENSafrica
The adoption of environmental, social and governance ("ESG") criteria is on the rise, unlocking capital for ESG compliant projects.
Schoemanlaw Inc.
In the United Kingdom, the Financial Conduct Authority ("FCA") representing policy holders, brought a test case under the United Kingdom High Court's Financial Markets Test Case Scheme.
Clyde & Co
On 2 July 2020, the Gauteng Local Division of the High Court of South Africa, acting as a court of appeal, handed down judgment in the case of Anabella Resources CC v Genric Insurance...
Clyde & Co
On 28 July 2020, the Financial Sector Conduct Authority ("FSCA") published FSCA Communication 44 of 2020 (INS) advising that the FSCA has published, for public comment, ...
Clyde & Co
This article provides an overview of the press release and addresses the impact on business insurance cover.
ENSafrica
*Coronavirus (COVID-19) regulatory measures
Clyde & Co
This Communication follows the recent judgement of the High Court, Gauteng Local Division, Johannesburg in the matter of Nell and Others v Constantia Insurance Company Limited and Others.
Clyde & Co
The FSCA encourages policyholders and brokers to consider the time-barring clauses in their policies and to engage with non-life insurers to determine if any indulgence may be granted.
SWVG Inc.
On 2 July 2020, SWVG Inc. led prominent commodities trader, Anabella Resources CC, to a resounding victory amidst a legal battle with their insurers.
ENSafrica
At the end of July 2020, the Financial Sector Conduct Authority ("FSCA") published a draft conduct standard that will regulate cell captive insurers operating cell structures insuring...
Schoemanlaw Inc.
The same applies to non-indemnity insurance ( or "sommeversekering"), an example: life insurance policies which form an integral part of estate planning.
Clyde & Co
On 7 August 2020, the Financial Sector Conduct Authority ("FSCA") issued a letter ("the Letter") to all affected non-life insurers underwriting contingent business interruption insurance cover
ENSafrica
South Africa has a sophisticated system of financial sector regulation known as the "Twin Peaks" system of regulation, similar to the Australian Twin Peaks model.
Tabacks
The Constitutional Court judgment attempts to resolve several questions regarding the constitutional approach to the judicial interpretation of contractual terms and, in particular, the public policy grounds upon which a court may refuse to enforce them.
ENSafrica
In our recent article, we considered the arguments both for and against insurance coverage, relative to potential Coronavirus (COVID-19) related losses and liabilities...
Schoemanlaw Inc.
There has been enough said on the negative effects experienced in the commercial sector as a result of the Covid-19 National Lockdown
Schoemanlaw Inc.
Business interruption insurance is a type of insurance that replaces business income lost in a disaster.
Clyde & Co
On 19 June 2020, the Financial Sector Conduct Authority ("FSCA") has published FSCA Communication 34 of 2020 (INS) ("Communication") which sets out the position of the FSCA in respect of certain aspects...
Clyde & Co
On 10 June 2020, the Prudential Authority published Communication 1 of 2020, wherein the Prudential Authority has stated it is imposing a temporary moratorium on the issuance of new licenses for...
Clyde & Co
South Africa has just published the final Joint Standard on the Fitness and Propriety of Significant Owners, in an effort to further regulate its financial sector. This article provides a detailed overview of the key requirements ...
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