Reliance on war exclusion clause after cyberattack fails; insurers must pay out over a billion dollars in damages
The NotPetya computer virus went global in 2017. Many companies, including pharmaceutical company Merck, suffered major damage as a result. Merck was insured with several all-risk property insurers and claimed compensation for their losses.
Blackstone Group acquires IGI
Stibbe advised Blackstone Group on the acquisition of International Gemological Institute (IGI) at an enterprise value of $525 million.
Proposal for a Directive to prevent misuse of shell entities (ATAD 3) and the amendments proposed by the European Parliament
In mid-January 2023, the European Parliament approved the European Commission’s draft directive to prevent misuse of shell entities for tax purposes (known as ATAD 3), as amended by its Committee on Economic and Monetary Affairs.
Fewer or more consumer rights for a more sustainable world?
On the occasion of World Consumer Rights Day on 15 March, our consumer law experts discuss what legal measures can be taken to reduce the negative impact on climate.
In our blog posts, we provide you with updates, best practices and insights into recent caselaw and legislative developments relating to public law, commercial litigation, environment and planning law, energy law and digital law across different jurisdictions.