Two-key principle The opportunity to appoint two or more directors in a company, who exercise their authority jointly or severally, has been available in many foreign jurisdictions for a long time. However, until 2014 Russian law stuck to the approach that only one person may hold the position of CEO and be indicated as CEO …
Recent case law has shown that bad faith is a continually evolving concept whose assessment can lead either to the cancellation or to the transfer of trade mark applications registered in bad faith. In 2019, French courts notably cancelled important French trade marks such as ‘Vente-privee‘ and ‘Laguiole‘ on the basis of their applicant’s bad …
In Mexico, corporate governance best practices have been part of the business environment for the last 20 years. Since 1999, following the OECD Principles (which in turn used the recommendations of the Cadbury Report to varying degrees), the first voluntary Mexican Best Corporate Practices Code (CMPC), issued by the Mexican Business Co-ordinator Council was published. …
The spread of criminal and regulatory laws into the corporate world has been underscored by a string of cases in the US and, more recently, the UK sparked by M&A activity. As a result, our transatlantic white collar crime defence and investigations group has seen an uptick in advising buyers and sellers on corporate transactions …
Nearly $1bn was invested in legal technology and New Law disruptors in 2018. That was across more than 50 funding rounds and included start-ups through to more established players, according to research from Investec. Venture capital, private equity, non-legal companies and trade buyers are increasingly interested in what they see as a highly lucrative legal …
In 2015 Denmark’s image as one of the world’s least corrupt nations came under scrutiny as Atea A/S, the Danish subsidiary of the Norwegian IT supplier Atea ASA, came under investigation for bribing several public officials employed in IT departments of various Danish public authorities, including the national police and the regional authority, Region Zealand. …
Money laundering represents one of the key challenges in the fight against serious crime, especially considering its stealth nature as well as its cross-border dimension. There is an underlying link between money laundering and other crimes, such as corruption offences, human trafficking, drug trafficking or the financing of terrorism. One of the most significant and …
Quotes: ‘Money laundering is for drug dealers and terrorists. We do not have any exposure’; ‘We have never checked against AML lists. Competitors don’t do it. Why would we?’; ‘Lawyers just don’t understand business. That’s just scare tactics’; ‘Yeah, we do have compliance. They don’t generate any revenue’; ‘We here in compliance can preach. But …
‘Breach of trust’, an equivalent to ‘Untreue’, ‘abus de confiance‘ or ‘abuse of position’, is a typical white-collar crime in Greece and the main source of criminal liability risk for the boards of directors (BoDs), CEOs and other officers holding a position of trust within a corporation. Hence, the recent amendments to the actus reus …
The Indian legislature has in the last few years been at pains to promote India as a hub for international arbitration. The first step in that direction was the promulgation of the Arbitration and Conciliation (Amendment) Act 2015 (2015 Amendment), which was aimed at reducing the interference of courts in arbitration proceedings.
