James Neale

HFW

James is an associate in HFW's London office. He specialises in regulatory and compliance matters, including economic and financial sanctions, export controls, and customs. His clients include shipowners, charterers, insurers, and commodity traders.

James also advises in respect of shipping and logistics disputes, including charterparties, ship sale and purchase, and sale of goods.

During his training, James spent time in HFW's commodities and EU regulatory departments, as well as six months in HFW's Piraeus office advising on shipping disputes.

Prior to joining HFW, James worked on financial sanctions policy and implementation in HM Treasury and the Office of Financial Sanctions Implementation (OFSI).

James is qualified in England and Wales.

Practice Area

Insurance & Reinsurance

Panel

Contributing Author

Qualified Year

2020

Experience

HFW (2018 - Present)
Slovak Ministry of Foreign Affairs (2016 - 2016)
HM Treasury (2014 - 2016)
HM Revenue and Customs (2012 - 2014)

Qualifications

LLM (2018)
LPC (2018)
GDL (2017)
MA (Lond) (2012)
MA (Oxon) (2011)

Education

BPP (2018)
School of Oriental and African Studies (2012)
University of Oxford (2011)

1 Contributions by James Neale

PRACTICE NOTES

Sanctions in UK insurance policies: LMA 3100A/3200 drafting and operation, reinsurance impacts, secondary sanctions, payment suspension and cancellation, and key case law

The Practice Note titled UK financial and trade sanctions for insurers sets out which sanctions affect insurers, what those measures involve, how the Financial Conduct Authority oversees compliance, and the screening and due diligence insurers should implement. It delves further into policy wording—especially how sanctions interact with insurance contracts and the purpose of sanctions clauses. Lloyd's Market Association Sanctions Clauses The Note concentrates on the market-standard formulations: the Lloyd’s Market Association (LMA) 3100A clause (LMA 3100A) and the LMA 3200 clause (LMA 3200). These were issued in October 2023 following an LMA consultation on the LMA 3100 clause first published in 2010. LMA 3100A keeps the LMA 3100 wording, but its title removes the words ‘and exclusion’ to indicate the clause pauses, rather than removes, cover. Under LMA 3100A, the Sanctions Limitation Clause provides that no (re)insurer is taken to provide cover, nor be liable to pay any claim or confer any benefit, to the extent that doing so would amount to the provision of such cover...

Insurance & Reinsurance

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