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International Edition

Taking action over Jackson – even senior lawyers need time management software

I need to start with a health warning and a disclaimer. I am not an IT specialist – less still a 'techie'. Over the years, I have maintained an impatient dialogue with legal IT suppliers and support firms. Most of the time my questions are along the lines of: "Why can't I just see a report that tells me [any example of currently impenetrable management information]?" Some days it can descend to: "If internet telephony is so [expletive deleted] marvellous, why does it sound like I am making a trunk call to the Outer Hebrides in 1947?" Or even more bizarrely: "What do you mean it won't export to Excel?"
6 minute read

International Edition

The risk revolution – new risk priorities in a continually evolving landscape

Legal Week Intelligence's latest benchmarker report, in association with Deloitte, focuses on how those responsible for risk and compliance mitigation deal with their responsibilities.
1 minute read

International Edition

Legal risk moves up boardroom agenda amid increasing pressure from regulators

There has been a sharp increase in how often regulatory and legal risk is discussed at board meetings, with 43% of companies discussing the subject at every meeting, up from 23% in 2012, according to the latest Legal Week Intelligence Corporate Risk Benchmarker, published in association with Deloitte. Risk was an 'infrequent' discussion at just 18% of companies. Legal risk was a board issue for 70% of companies with mid-sized turnover (£500m to £1bn) and least commonly discussed at board level at companies with a turnover of £1bn to £5bn (25%). "If there is an increasing compliance workload and an increase in board attention in some companies, it is perhaps because regulators and the authorities have been trending towards higher fines and more aggressive investigations," said Robert Cummins, assistant general counsel at satellite communications company Intelsat (pictured). "The bottom line is that the regulators are getting better at making the management feel the heat."
2 minute read

International Edition

No place left to hide – Swiss banks under scrutiny from US regulators

On 28 August, the Swiss Government and the US Department of Justice (DOJ) issued a joint statement announcing an 'accord' over a unilateral program launched by the DOJ and allowing most Swiss banks to seek a non-prosecution agreement (NPA) from the DOJ and pay heavy fines. This would allow them to avoid or defer prosecution in relation to the custody of undeclared assets of former or existing US customers, or – subject to demonstrating the bank's US tax compliance in relation to each and any former and existing customers – a non-target letter (the "Program").
9 minute read

International Edition

Government announces plans to launch planning court in 'radical' shake-up of UK justice system

The Ministry of Justice is considering the establishment of a specialist planning court to speed up the review process for large-scale infrastructure projects, as part of a "radical" set of proposals to reform public law and speed up the economic recovery. An eight-week consultation on a raft of proposed changes to the judicial review system was announced by Justice Secretary Chris Grayling (pictured) last week, including a separate 'planning chamber' staffed by expert judges; a tighter timeframe for applications; only allowing people with a direct interest in cases to apply for judicial review; and changing the rules around who has to pay legal costs so applicants foot part of the bill.
3 minute read

International Edition

General counsel work/life balance Q&A - Kellogg Europe's Orla Muldoon

Orla Muldoon has worked at three of the most prestigious names in the fast-moving consumer goods sector, namely Diageo, Coca-Cola and now as chief counsel of Kellogg Europe. She manages the legal team across numerous countries with responsibility for compliance in Europe and the Middle East, and is also part of the European Leadership Team, the principal strategic decision-making body of the Kellogg Europe business.
2 minute read

International Edition

Singapore firm Selvam launches in Myanmar with 12-lawyer team

Singapore law firm Selvam & Partners has opened an office in Myanmar, making it the latest in a string of South East Asian outfits to set up in the country. The firm, which plans to focus on corporate, project finance, technology, media and telecoms, and regulatory work, has launched with a team of 12 lawyers in the commercial centre Yangon, to be led by the firm's managing director in Singapore Krishna Ramachandra.
3 minute read

International Edition

AIG to launch Asia-Pacific adviser review as regulatory demands grow

AIG is set to kick off a review of its external legal advisers across the Asia-Pacific region, as the insurance giant sizes up a potential merger of its corporate and claims panels. The US-based company currently has a corporate panel including five to 10 law firms across several Asian countries, alongside a separate claims panel subdivided by jurisdiction and area of expertise. The corporate panel covers 13 countries where AIG has operations in Asia – Hong Kong, China, Taiwan, Japan, Korea, Singapore, Indonesia, Malaysia, the Philippines, Vietnam, Thailand, Australia and New Zealand. AIG expects to finalise the process before the end of the year.
3 minute read

International Edition

Another dimension: 3D printing heralds new world of regulation for manufacturers

Additive manufacturing technologies, such as 3D printing, have the potential to radically change the way many industries work. This will have implications for business – and by extension for the law, most obviously in the field of intellectual property (IP). This isn't a theoretical science fiction concept. It is here now, and it is already causing radical shifts in manufacturing practices across a vast range of industries, overturning established economic models in the process. Using a materials printer, you effectively add thin layers of matter to build a real, three-dimensional object from a digital model. There are different forms of additive manufacturing, but they all have a similar basis. As long as you have the right digital design file to guide the process, there are few limits on what you can make.
5 minute read

International Edition

Clyde & Co expands further in Asia with Indonesian tie-up

Clyde & Co has further increased its footprint in Asia through an association with Indonesian law firm Lubis Ganie Surowidjojo (LGS). The UK outfit, which currently has eight offices in the region, has appointed Singapore-based projects and resources partner Michael Horn to lead the venture, and plans to focus on Indonesian clients growing domestically and abroad.
2 minute read

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