Publication
Navigating regulatory challenges in data centres
Businesses investing in, financing or operating data centres face a complex matrix of laws and regulatory requirements.
Updates to the Nordic Plan
Global | Publication | September 2024
The Nordic Plan is a preferred insurance plan increasingly used by ship operators and approved by financial institutions. This is based on the 2013 plan, last updated in 2023. Despite this, there are concerns that certain provisions in the plan are too narrow, leading to a refusal of cover in a number of recent cases, most recently in relation to the detention of a vessel by Houthi rebels in Yemen, which the insurers argued fell outside the loss of hire war risks insurance.
As a result of this, BankServe recently wrote to their clients advising against the use of the Nordic Plan for any war insurances. If you would like to find out more about BankServe’s reservations on this cover and how these concerns may be addressed, particularly in current circumstances of increased interference with international shipping by non-state parties, please contact us.
Recent publications
Publication
Australia’s new mandatory merger control regime
Mergers or acquisitions that meet certain turnover thresholds will shortly be required to be notified to the ACCC.
Publication
Financial services monthly wrap-up: March 2025
March 2025 was a busy month in the financial services space with the release of the draft bill on the second tranche of the ‘Delivering Better Financial Outcomes’ reform concerning advice provided through superannuation and client advice records.
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