Indemnity under performance bond insurance for loss of opportunity

In a recent 2025 ruling, the Council of State (the “CS”) clarified that, for an insured party covered under a performance bond to claim compensation for loss of opportunity, it
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Streamlining Environmental Permitting is Part of White House AI Action Plan

The Takeaway A cornerstone of the White House’s new AI Action Plan is to remove regulatory barriers and streamline environmental permitting for the infrastructure needed to implement the Plan. Overall
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Bancassurance: Bank sanctioned for breach of duty of due diligence

In a recent 2025 sanction, the Colombian Financial Superintendence (the “SFC”, for its acronym in Spanish) imposed a penalty on a bank for deficiencies in the management and safekeeping of
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California Supreme Court enforces forum selection clauses

Businesses often include forum selection clauses in contracts, which restrict where the parties to the contract may sue each other. California has a strong public policy in favor of the
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Colombia enacted Law 2475 to guarantee the inclusion and non-discrimination of cancer survivors

On July 9, 2025, Colombia enacted Law 2475, which (i) seeks to guarantee the inclusion and non-discrimination of cancer survivors within the framework of insurance contracting, and (ii) modifies Article
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New Corporate Governance Rules in the Insurance Sector

The Superintendence of Insurance and Reinsurance of Panama recently approved Regulation No. 3-2025 of June 19, 2025. This marks the third regulatory instrument addressing and regulating good corporate governance for
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Insuralex launches “Insuralex Academy”

Insuralex is proud to launch “Insuralex Academy”, a platform for training and learning about insurance law and related fields exclusively for Insuralex firms and their members. Insuralex Academy will deliver
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Reviving the Framework: The Arbitration Act 2025 and the New Era of UK Arbitration

England is widely recognised as a leading choice for international arbitration. There is a strong tradition of arbitration in the jurisdiction with institutional support and a robust judicial record of
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What does the SFC say about microinsurance in Colombia?

By means of a recent legal opinion, the Financial Superintendency of Colombia (“SFC”) made important considerations regarding the regulation of microinsurance in Colombia: General regulatory framework Microinsurance does not have
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Modification of section 1 of article 19 of the revised text of the General Law for the Defense of Consumers and Users

The issue we are facing is of important importance for entrepreneurs and financial institutions, since, with the reform introduced, the content and effects provided for in Article 20 of the
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