Skip to main content

UK and European Insurance Regulatory Developments


Speaker(s): Benjamin Lyon, Christopher Garrett, James C. Scoville, Timothy McIver
Recorded on: Feb. 22, 2017
PLI Program #: 206647

James Scoville is a corporate partner whose practice focuses on securities matters and capital markets transactions. He advises both issuers and underwriters in U.S.-registered and global offerings, with particular experience working on listings on the London Stock Exchange and U.S. exchanges by Russian, Chinese and other emerging market companies, as well as representing insurance companies and underwriters in insurance company securities offerings.

Mr. Scoville is ranked by Chambers Global(2015) as a leading individual for equity capital markets in the UK and as a regional expert for debt and equity capital markets in Russia/CIS. IFLR1000 (2016) names Mr. Scoville as a Leading Lawyer for Capital Markets: Debt and M&A. InChambers Global(2013) and Chambers Europe (2013), Mr. Scovilleis recognised as “a renowned securities and capital markets lawyer” and in Chambers Global (2014) he is noted as being “well known for his work on capital market transactions with Russian clients.” Mr. Scoville is recognised as a leading individual for Capital Markets: Russia byChambers Europe (2013-2015). Hiswork on China Life has earned him the plaudit of “Dealmaker of the Year” from TheAmerican Lawyer.Mr. Scoville is recommended for Projects, Energy, Natural Resources: Mining and Minerals as well as for Emerging Markets in TheLegal 500 UK (2014 and 2015).TheLegal 500 UK (2012) notes his work on listings on the London Stock Exchange and U.S. exchanges for Russian, Chinese and other emerging market companies.

He is the author of a number of articles on capital markets and mergers & acquisitions issues. Recent publications include “Development of International Regulatory Capital Standards Continues,” Insurance Day (September, 2015); “Up To 49 Percent Foreign Ownership Of Indian Insurers Is Now Law,” FC&S Legal (May, 2015), “The EU Solvency II Regime For Insurers: An Update On Implementation,” FC&S Legal (May, 2015), “IAIS Issues Consultation On Global Insurance Capital Standard,” Canadian Insurance Regulation Reporter (February, 2015); “Takeaways From The 21st Annual IAIS Conference,” Law360 (November, 2014); “A Window Of Opportunity,” International Financial Law Review (October, 2014); “Russian Eurobond Issuers’ Buyback Opportunity,” International Financial Law Review (September, 2014); “What’s Driving ADRs’ Renaissance,” International Financial Law Review (September, 2014); “Deal of the Month: Norilsk Nickel’s $1bn seven-year Eurobond offering,” The Lawyer (November, 2013); and “Capital Resources,” Mining Journal (September, 2013). Recent speaking engagements include “Raising Capital on Public Equity Markets: Current Trends,” Debevoise & Plimpton LLP (February, 2013); “NYSE Euronext: Opportunities for Russian Issuers in the US and Europe,” Debevoise & Plimpton LLP (February, 2013); “Listings on London Stock Exchange,” Bank of America Conference(December, 2012); “GDR or Premium Share Listing,” The London Stock Exchange (July, 2012); “Developments in Capital Markets,” PLI's Eleventh Annual Institute on Securities Regulation in Europe (March, 2012); and “Current Developments in Russian and International Capital Markets,” Debevoise & Plimpton LLP (February, 2012).

Mr. Scoville served as Managing Partner for Debevoise’s London office from 2005 to 2013. He received his A.B. cum laude from Dartmouth in 1983 and his J.D. from the University of Chicago Law School in 1987 where he was elected to the Order of the Coif.


Benjamin Lyon is an English and New Zealand-qualified international counsel in the Corporate Department and a member of the firm's Financial Institutions Group. He focuses on corporate transactions in the insurance industry, including mergers & acquisitions, corporate governance and insurance regulatory advice, as well as all other aspects of corporate law with significant experience in acting on a wide range of public and private mergers & acquisitions, capital markets transactions, joint ventures and other transactions both in the UK and internationally. He regularly advises insurers, corporates, financial institutions, private equity clients and investment banks.

Mr. Lyon joined the firm in April 2012. He graduated from Auckland University in 2002 with degrees in Law and Commerce (Finance and Accounting). Mr. Lyon was admitted as a solicitor of the Senior Courts of England and Wales in 2012 and a barrister and solicitor of the High Court of New Zealand in 2002.

Prior to joining the London Office, Mr. Lyon worked as a senior in-house counsel at a major international financial institution focusing on all legal aspects of the institution's investment banking activities, and previously worked for a leading international law firm as a senior associate in the corporate team from 2006 until 2010.

Mr. Lyon is a frequent author and speaker on legal developments affecting the insurance industry. He is the co-author of “UK and European Insurance Regulatory Developments,” PLI Webinar (February, 2017); “Brexit For Re/Insurers: One Month On,” CEE Legal Matters (September, 2016); “Insurance and Investment Management M&A Deskbook,” Practising Law Institute (2015) and “The EU Solvency II Regime For Insurers: An Update On Implementation,” FC&S Legal (May, 2015) and “The Final US Basel III Capital Framework,” Practical Law Company (August 2013).

Mr. Lyon is a member of the UK Chartered Insurance Institute and the British Insurance Law Association.

Education

  • University of Auckland, 2001, B.Com
  • University of Auckland, 2001, LL.B.

Bar Admissions

  • High Court of New Zealand
  • Solicitor, England & Wales


Christopher Garrett is an English-qualified associate in the Corporate Department, practising employment law. He has significant experience advising employers on all aspects of employment law. Mr. Garrett has substantial experience in advising on the employment aspects of mergers & acquisitions transactions, including transfers of employees or other issues arising under TUPE/the Acquired Rights Directive. Mr. Garrett has a wide range of experience advising on other matters such as boardroom disputes, senior executive contracts and terminations, disciplinary and grievance matters, a variety of employment tribunal claims (including high-value discrimination claims), advising employers faced with industrial action, consultation on changes to occupational pension schemes and policy and handbook reviews. Mr. Garrett also has a particular focus on handling privacy and data protection issues relating to employees.

Mr. Garrett joined Debevoise in August 2011. He graduated from Cardiff University in 2000 with a first class honours degree in Law and German. Mr. Garrett obtained an LPC with distinction from Nottingham Law School in 2001.

Prior to joining the London Office, Mr. Garrett was an associate in the employment practice group at a leading international law firm (spending six months on secondment at each of a large international banking and financial services company and a major UK airline).

Mr. Garrett’s recent publications include “TUPE Changes: The Government Responds,” Practical Law Company Magazine (October, 2013), “Service Provision Changes: Limits Identified,” Practical Law Company Magazine (November, 2012), “UPDATE: Are You A Partner Or Employee?,” Private Equity Manager (June, 2012), “TUPE And Administration: Certainty, But At What Cost?,” Practical Law Company Magazine (March, 2012) and “Employee Data,” Practical Law Company Magazine (November, 2011).

Mr. Garrett was admitted as a solicitor of the Senior Courts of England and Wales in 2003.

Education

  • Nottingham Law School, 2001, L.P.C.
  • University of Cardiff, 2000, LL.B.

Bar Admissions

  • Solicitor, England & Wales


Timothy McIver’s practice focuses on EU and UK competition law and regulatory matters, including obtaining clearance for complex merger investigations before the European Commission and UK competition authorities, as well as coordinating merger approvals across multiple jurisdictions worldwide. On the contentious side, he has broad experience advising on behavioural matters, including EU and UK investigations of alleged abuses of dominance, market investigations and studies, as well as representing clients before various UK sectoral regulators. Much of his work is international in nature and involves counselling clients on their global antitrust strategy. He has particular experience advising in the fields of financial services, technology, chemicals, energy (electricity and gas), natural resources, aviation, communications and private equity.

Mr. McIver is recommended by the 2016 edition of Legal 500 UK in the area of EU and competition law, with clients describing him as “pragmatic, strategic and highly responsive,” and as having “a very good grasp of the competition landscape.” Previous editions of the guide have quoted clients describing him as a “top-quality lawyer” with a “methodical approach.”

Mr. McIver is a member of the Competition Section of The Law Society of England and Wales. He is co-author of the chapter on merger control issues in Insurance and Investment Management M&A and has frequently written and spoken on competition law and compliance topics. Recent articles include “Merger Control in the UK (England and Wales): Overview,” Practical Law (June, 2016); “Restraints of Trade and Dominance in the UK (England and Wales): Overview,” Practical Law (June, 2016); “Brexit's Effect On Financial And Insurance Regulation” Law 360 (April 2016); “SEPs - recent legal developments,” Intellectual Property Magazine (November, 2015); “Competition for privacy in the era of big data,” Intellectual Property Magazine (September, 2015); “European Competition Commissioner announces proposed sector inquiry into cross-border ecommerce,” European Competition Law Review (August, 2015); and “High Court Refuses Application For Early Disclosure In Rate Rigging Case,” Practical Law (February, 2015).

Mr. McIver graduated in 1998 with a double first class honours degree from Trinity Hall, Cambridge. He went on to study at the London College of Law where he passed with Distinction. He was enrolled as a solicitor in England and Wales in 2003.

Education

  • College of Law, London, 2001, L.P.C.
  • College of Law, London, 2000, GDL
  • University of Cambridge, 1998, B.A.

Bar Admissions

  • Solicitor, England & Wales