Tips for Securing Insurance Recoveries for Losses From Hurricane Harvey – Whether Your Company Was in the Path of the Storm, or is Elsewhere but Feeling the Economic

Hurricane Harvey tore up large areas of the Texas Gulf Coast with gale-force winds and storm surge, and then inundated vast areas, including Houston, with unprecedented amounts of rain.  Many businesses in those areas are still shut down and operations are only slowly being restored.  Moreover, refineries have been shut down which means that companies […]

Finley T. HarckhamShareholder, Anderson Kill

Update to our Firm

Dear Fellow IR Global Members, We are pleased to announce that an agreement has been reached with law firm Langlois lawyers to unify our respective practices. Effective September 1, 2017 we will continue our practice under the name Langlois lawyers, llp. This unification considerably increases the firms’ service offering to clients and potential clients, as […]

Richard ProvostPartner, Langlois Lawyers, LLP

Panama Papers Takeaway for Financial Institutions: Check Your D&O and E&O Insurance

This month, The International Consortium of Investigative Journalists began reporting on their review of over 11.5 million documents, the private client files of a Panamanian law firm that specialized in trust services, covering a 40-year span. Among other things, the ICIJ “Panama Papers” documents reveal: Offshore holdings of 140 politicians and public officials from around […]

Finley T. HarckhamShareholder, Anderson Kill

Insurance Coverage For The Economic Aftershocks Of Recent Japanese Earthquakes

Recent major earthquakes in Japan create, once again, the prospect of a natural disaster abroad having serious economic repercussions in the United States in the weeks and months to come. Damage to Japanese manufacturing facilities, roads and railroads could result in unfilled orders for products and component parts, leaving American companies to scramble to find […]

Finley T. HarckhamShareholder, Anderson Kill

Your Borrower’s Had a Construction Accident … Where does this leave your bank? Help may be found in borrower’s insurance policies

Construction accidents can cause major disruptions and delays, and may result in the need to refinance a project. Banks may incur sizeable losses in connection with such refinancings, including fees paid to attorneys and other professionals, and reduced or forgiven interest payments. Such losses are typically absorbed by the banks—but they might be recoverable under […]

Finley T. HarckhamShareholder, Anderson Kill

At Your (Not So) Final Destination: Appellate Procedures in Arbitration

The finality of arbitration, and lack of judicial review or appeal, is often held up as an important reason for the use arbitration as a dispute resolution mechanism. Finality refers to the absence in most jurisdictions of extensive appellate review of arbitral awards. As a general rule, the decisions of arbitrators are final and binding. […]

Finley T. HarckhamShareholder, Anderson Kill

Are your companies’ insurance policies governed by New York law – and should you care?

Many companies from in the US and around the world have one very odd thing in common: they have insurance policies that are governed by New York law. This is not a coincidence. Many insurance companies have decided that risks with little or no connection with New York should be decided under its law. International […]

Finley T. HarckhamShareholder, Anderson Kill

Contracts With Insurance Brokers: Do’s and Don’ts

Insurance brokers are among the most important suppliers that any company deals with. Yet, often the arrangement between brokers and their clients consists of nothing more than a broker of record letter, or even a verbal authorization to present insurance proposals. As a general rule, a written agreement that addresses the scope of services provided […]

Finley T. HarckhamShareholder, Anderson Kill