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  • Brexit news for financial services firms from - 21 June 2019 to 5 July 2019

    SWISS- EU RELATIONS: SWITZERLAND LOSES STOCKMARKET EQUIVALENCE The EU failed to renew its trading venue equivalence decision for Switzerland under MiFID/MiFIR. The previous short term decision expired at the end of June. The Swiss Federal Department of Finance (FDF) responded with measures announced in their press release here.  The Financial Times reported on market reaction in its article of 30...
  • Insurance and reinsurance: construing inconsistent arbitration and jurisdiction clauses

    In the recent decision of British American Insurance (Kenya) Ltd v Matelec Sal and Thika Power Ltd the English court has ruled English law and London arbitration clauses to be binding, notwithstanding an inconsistent provision granting exclusive jurisdiction to the Kenyan courts.