International Law & Trade › Professional Malpractice › Commercial Law & Contracts

Block Billing by Law Firms Costs Clients Millions in Just Three Lawsuits

In August 2012, three different courts issued rulings which hold that vague, block billed time entries—which have long been the bread-and-butter of most law firms—just aren't a very accurate or reliable reflection of how much...more

U.S. Auditors’ Role in Identifying Related Party Transactions When Conducting Audits of Chinese RTO Issuers

When auditing a Chinese RTO (reverse takeover) issuer, it is the U.S. auditors’ task to educate the Chinese client regarding both the meaning of the term "related parties," and the disclosure requirements under U.S. GAAP with...more