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International Edition

Top-level Hong Kong group discusses move to bring in class actions

Hong Kong is to take a step closer towards introducing class actions, with a working group made up of public officials and private sector representatives set to meet for the first time this month. The working group meeting comes after the Law Reform Commission (LRC) of Hong Kong issued proposals in May last year that could change the way companies operating in Hong Kong respond to claims from multiple parties.
3 minute read

International Edition

Trouble in paradise? - Switzerland's holiday home headache

On 11 March 2012, the 'Stop the Endless Construction of Secondary Homes' Initiative (Secondary Home Initiative) was accepted by Swiss voters. The new constitutional provision shall essentially prevent the construction of new holiday homes in tourist regions which already have a 20% or greater share of holiday homes. The Swiss Federal Council has adopted an implementing ordinance which came into force on 1 January.
1 minute read

International Edition

Involving GCs in business strategy is key to turning risk into competitive advantage

The structures of global organisations, and the roles their executives play within them, are evolving rapidly to keep pace with the ever-changing global economy. As the importance of technology to deliver today's corporate objectives in almost all sectors is giving the chief information officer a more high-profile and cross-functional role, the same can be said of the general counsel as legal, regulatory and other risk issues take centre stage in corporate strategies and board discussions worldwide.
6 minute read

International Edition

Thinking the unthinkable - former WorldSpreads GC on what to do when crisis hits

No matter how prepared you think you are, when the proverbial actually hits the fan, your first reaction is most probably to panic. It's how you deal with the 'panic' that will not only determine the success or otherwise of your – and hence the company – response, but will also define you as a GC (and as an individual).
8 minute read

International Edition

Rolls-Royce turns to former Herbert Smith chief Gold for corruption probe

Rolls-Royce has appointed former Herbert Smith senior partner Lord Gold to lead a review of its compliance procedures in the wake of bribery and corruption allegations overseas. Gold, who will report to the ethics committee of the Rolls-Royce Board, has been brought in as the company faces a Serious Fraud Office (SFO) probe.
3 minute read

Inside Counsel

Litigation: Delaware Court of Chancery dismisses case because of improper notarizations

You would think lawyers would know better by now.
7 minute read

Inside Counsel

AIG will not sue U.S. over bailout terms

AIG announced yesterday it would not be joining the $25 billion suit brought by its former CEO Hank Greenbergs company Starr International Co. Inc. because, frankly, its just icky.
6 minute read

International Edition

Line-up of chambers to lead Bar client money initiative after FSA backing

The Bar Council's BARCO initiative, which will allow barristers to handle all client money for the first time, has been given the green light by the Financial Services Authority (FSA). The FSA approval will now see the initiative enter an interim phase involving a number of chambers, ahead of a full rollout in spring this year.
2 minute read

Inside Counsel

Litigation: Article III standing for plaintiffs in privacy litigation

Article III of the U.S. Constitution grants federal courts the power to adjudicate certain cases or controversies.
6 minute read

Inside Counsel

NY pension fund sues Qualcomm over political spending

New Yorks public pension fund has added another wrinkle to the Citizens United debate with a lawsuit that attempts to force telecommunications company Qualcomm Inc. to disclose its political expenditures.
4 minute read

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