Enron`s Troubles May Spur Reform, Stall Deregulation
NOW THAT the demise of Enron Corp. has made deregulation a dirty word on Capitol Hill, reform-minded lawyers are urging lawmakers to use the company`s bankruptcy, the largest in U.S. history, as a vehicle to tighten bankruptcy controls and bolster penalties for fraud.Trial Over Diatribes Against Chicago Judges Moved to Brooklyn
International Standards for Corporate Conduct
In his International Environmental Law column, Stephen L. Kass, a partner at Carter Ledyard & Milburn, asks: To what extent are multinational corporations bound by international standards of conduct relating to the environment? If a corporation violates international standards, who is entitled to enforce them and in which courts? If U.S. federal (or state) courts are asked to adjudicate claims of environmental injury arising from corporate conduct abroad that violates international norms, how should those courts respond?The Changing Role of the General Counsel
Jay K. Musoff, of counsel at Orrick, Herrington & Sutcliffe, and Adam S. Zimmerman, an associate at the firm, write that the recent case of People v. Belnick provides a good opportunity to examine the changing responsibilities of in-house attorneys after Sarbanes-Oxley.Court's Failure to Question Complaint Leads Panel to Order New Sentencing
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