Welcome to the June 2022 edition of Legal News.
Here is a selection of our recent publications on subjects that may affect you or your business.
For more information on any of the topics covered in this edition, please contact the people listed in the articles or your usual William Fry contact.
- Preparing for Individual Accountability Series – Part 1 – Conduct Standards
In this briefing, we examine conduct standards – the first of four pillars of the individual accountability framework – and we outline the actions that can be taken by firms and individuals to prepare for these conduct standards before they come into effect. - Preparing for Individual Accountability Series – Part 2 – Fitness and Probity Reforms
In this briefing, we examine fitness and probity reforms – the second of four pillars of the individual accountability framework – and we outline the actions that can be taken by firms and individuals to prepare for these fitness and probity reforms before they come into effect. - Preparing for Individual Accountability Series – Part 3 – Senior Executive Accountability Regime
In this briefing, we examine the senior executive accountability regime (SEAR) – the third of four pillars of the individual accountability framework – and we outline the actions that can be taken by firms and individuals to prepare for SEAR before it comes into effect. - Preparing for Individual Accountability Series – Part 4 – Enforcement Reforms
In this briefing, we examine proposed enforcement reforms – the fourth of four pillars of the individual accountability framework – and we outline key reforms under the streamlined enforcement process and set out actions that firms can take now to prepare for this pillar before it comes into effect. - Russian Sanctions: A (Re)Insurance perspective
The new EU prohibition on insuring and reinsuring ships carrying Russian crude oil or petroleum products to third countries is relevant to the Insurance industry. This prohibition has immediate effect with new insurance contracts banned immediately and existing ones being phased out over six months as and from 3 June 2022. - Medical & In Vitro Diagnostic Devices and the AI Act: Proposed Regulatory Requirements
Medical and diagnostic devices are becoming increasingly advanced, and many are beginning to incorporate cutting-edge Artificial Intelligence (AI) systems into their technology. The already complex regulatory framework is set to become even more complicated with the introduction of the proposed AI Act. - Summary Summons Not Adequately Pleaded
In AIB PLC v Dorey IEHC 317, the High Court considered whether the plaintiff’s plea in the summary summons was sufficient to satisfy the requirements laid down by the Supreme Court in Bank of Ireland Mortgage Bank v O’Malley IESC 84. - UK High Court Blows the Whistle on Civil Liability for Negligent Sports Injuries
Fulham Football Club successfully appealed an earlier ruling that found the club vicariously liable for a tackle made by one of its players during a competitive match. - Surgical Robots: Are Batteries Included?
The development of remote surgery and the advent of the Metaverse and other frontier technologies are putting a strain on traditional legal frameworks. With the common law tort of battery requiring “contact”, it is not clear if new forms of contact facilitated by technology will be captured by existing law, or if new legislation is necessary for the new virtual world.
In Short
