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Monthly Archives: April 2021
Arbitration and Foreign Governments: Peers debate transparency vs. confidentiality
In a decision due to have an impact on the arbitration activities of leading lawyers, on 20 April 2021, the House of Lords Conduct Committee agreed to the tougher transparency regime proposed in their report on “Registration of members’ foreign …
Posted in Longer Reads
Tagged house of lords
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MP’s call for a ban on ‘greenwashing’ in financial services firms
Greenwashing is coming under increasing scrutiny from all angles, including MPs, regulators, NGOs and the general public. It is also likely to give rise to legal claims, if investors and shareholders consider they have been misled about a company’s environmental …
Posted in Shorter Reads
Tagged ESG, green washing
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Fraud and asset recovery in the crypto space
The largely unregulated nature of the cryptocurrency space has, on occasion, made it a target for fraudsters. However, a recent High Court decision might assist victims to recover stolen cryptocurrency and other digital assets. The Claimants had been induced to …
Posted in Shorter Reads
Tagged binance, bitcoin, crypto, cryptoasset, cryptocurrency, kraken
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Financial Services Spring update
Join members of Collyer Bristow’s Financial services team as they discuss the latest issues facing the industry as we begin to emerge from the lockdown and come to terms with the impacts of the pandemic and Brexit. Nigel Brahams, Partner, …
Posted in Videos
Tagged brexit, ESG, LIBOR, libor transition
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Government asks landlords and tenants for views on commercial rents and Covid pandemic
The government moratorium on landlords, that prevents the forfeiture of a lease for non-payment of rent and on the statutory use of winding up orders, will come to an end on 30 June. Whilst the government has extended these restrictions …
Posted in Shorter Reads
Tagged government, landlord, moratorium, real estate, tenant
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LIBOR TRANSITION UPDATE: q1 2021
FCA announcement on future cessation and loss of representativeness of the LIBOR benchmarks In March this year, the FCA confirmed that all 35 LIBOR settings will either cease to be published by the ICE Benchmark Administration and/or will no longer …
Right to disconnect – will this become a new legal right?
A recent poll by Opinium showed that about 35% of remote workers said their work-related mental health had worsened during the pandemic. 30% of those surveyed said they were working more unpaid hours than before, with 18% reporting at least …
Posted in Longer Reads
Tagged CoronaVirus, mental health, remote working
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Bank of England & Treasury announce taskforce to explore UK Central Bank Digital Currency
The Bank of England and HM Treasury have announced the creation of a Central Bank Digital Currency (CBDC) Taskforce, tasked with the exploring the establishment of a UK CBDC. A CBDC would be a new form of digital money issued …
Posted in Shorter Reads
Tagged bank of england, CBDC, crypto, treasury
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Is your personal data safe on Zoom?
Over the course of the Pandemic, Zoom, together with other video conferencing applications, has become an indispensable business tool. But the platform has been beset by reports of a number of security and privacy problems. “Zoom bombing”, where a private Zoom meeting is hijacked by uninvited outsiders (or even invited participants), who disrupt or post offensive material within the meeting, has affected a growing number of users.Better security measures, both within the platform and applied by meeting organisers, seems to have largely resolved this particular problem but others are still only partially resolved, or not at all. A helpful article on the Tom’s guide website (Zoom security issues: Here’s everything that’s gone wrong (so far) | Tom’s Guide) provides a detailed, and quite lengthy, list of the issues and their current status.As with the recent report about the Estate Agent’s video of a house in Devon that showed a large quantity of the personal data of the house owners, using a video conference facility needs some prior thought and planning. Apart from your personal appearance and positioning, what else is visible on screen when you have your camera on? If it includes personal material such as family photographs or confidential documents, or items such as an asthma inhaler or a stairlift that would indicate particular heath problems, it would be very sensible to make sure that these cannot be seen.If a business wishes to introduce some new technology it should carry out a detailed data privacy impact assessment. At a more basic level, some simple pre-planning and checks can and should be applied by individuals as well. Use of passwords and two-factor authentication are recommended. Of course, these steps will only help if the Zoom bomber is not invited. It seems that increasing numbers of meeting-disrupters are invited participants, so in those cases there need to be effective steps for such participants to be muted or removed from the meeting. Since November 2020 Zoom has now improved its functionality on these issues.The article concludes that Zoom is much safer than it was, and that the problems it has experienced and had to resolve have helped to make it a safer and better video conference platform. So the message is to carry on using Zoom, but just take some sensible precautions to minimise the risks of inadvertent or unauthorised disclosure of personal data.
Posted in Shorter Reads
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Insurance industry dips its toes into the digital assets space
The insurance industry is dipping its toes into the digital assets space, and it’s good news. This week, NYDIG, a company which provides Bitcoin focused asset management, custodial and technology solutions secured $100m in investment from some of the US’s …
Posted in Shorter Reads
Tagged bitooin, insurance, investment, Liberty Mutual, NYDIG, Starr
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