Arbitration funding is becoming increasingly more prevalent in England and Wales. Funders are legally sophisticated and understand a wide breadth of claim types, with each funder having a varying risk profile and appetite. Recent product developments include funders seeking to identify and fund bundles or portfolios of claims. Other innovations include pre-funding to allow claimants to determine the merits of an action and providing funding for general working capital.
UK law provides a comprehensive set of insolvency procedures of which creditors and debtors may take advantage, each with its own implications for distressed licensors. However, in most cases the administration or liquidation of a licensee will give rise to a right to terminate the licence. Notably, the ability to contract out of UK insolvency laws is severely limited.
This week Lewis Silkin outlines the benefits and risks that employers should consider before introducing a 'bring your own device' (BYOD) policy in the United Kingdom. Although BYOD can improve employee productivity, data also becomes more difficult to monitor. The UK Information Commissioner's Office has issued crucial guidance on managing the risks of data misuse, which employers are advised to consider.