World Bank

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Five on Friday – Five Recent Developments that We’ve Been Watching Closely: July 2016 #2

It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring. This week’s post includes: the release of the third, and likely final, draft of the World...more

Michael Fiddy, Co-chair of DLA Piper's global restructuring group, reflects on significant restructuring developments around the...

This edition of Global Insight comes to you shortly after the United Kingdom voted to leave the European Union. The morning after the vote we provided clients with a summary of its immediate impact, stressing that the...more

IREG Update - Global pandemic emergencies: the insurance industry tackles a seemingly unmanageable risk

Global pandemic emergencies: the insurance industry tackles a seemingly unmanageable risk - On May 21, 2016, the World Bank Group announced the Pandemic Emergency Financing Facility (PEF), a new global financing...more

Climate Change Further Threatens MENA Water Security

Climate Change Further Threatens MENA Water Security - The Middle East and North Africa (MENA) is home to 14 of the 33 most water scarce countries globally, with six times less water availability than the worldwide...more

IAIS Secretary General Considers Path to International Cybersecurity Standard

Last week, the National Association of Insurance Commissioners (NAIC) hosted the 2016 NAIC International Insurance Forum. The Forum addressed topics such as the management of catastrophic disaster risks, industry perspectives...more

Information shared by World Bank Group with RCMP protected from disclosure

Corruption crosses borders and anti-corruption efforts require cooperation - On April 29, 2016, the Supreme Court of Canada released its much anticipated decision in World Bank Group v. Wallace. The decision highlights...more

Bribery and Corruption in International Arbitration

Corruption in international business is becoming endemic. Transparency International's latest Global Corruption Report highlights that nearly two in five business executives say they have been asked to pay a bribe when...more

World Bank v. Wallace: SCC Endorses Importance of International Anti-Corruption Efforts

On April 29, 2016, the Supreme Court of Canada (SCC) upheld archival and personal immunities of an international organization (the World Bank Group) and its anti-corruption investigators. The SCC’s decision in World Bank...more

Supreme Court Sustains Protections for World Bank Information Sharing

On April 29, 2016, the Supreme Court of Canada ruled unanimously in World Bank Group v. Wallace that documents from World Bank Group investigations remain immune from document production requests that are part of domestic...more

Dialogue on Carbon Pricing and the World Bank Spring Meetings with Citizens Climate Lobby at S&W

On April 14, S&W hosted a stakeholder dialogue sponsored by the Citizens Climate Lobby (CCL), Partnership for Change and the Nobel Peace Prize Forum as a part of the ancillary discussions surrounding the spring International...more

Private Equity Goes Green

In December 2015, world leaders met to negotiate the Paris Agreement. Setting aside whether the Paris Agreement goes too far, not far enough or is just right, one cannot dispute that government commitments to limit an...more

Red Notice Newsletter - March 2016

ANTICORRUPTION DEVELOPMENTS – Olympus to Pay $646 Million for Anti­Kickback and FCPA Violations - Early this month, Olympus Corp. of the Americas (OCA) settled government investigations related to violations of the...more

Africa Update - March 2016 #4

Leading the News - Libya - On March 28th, Libya’s United Nations (U.N.)-backed unity government accused authorities in Tripoli of closing down the capital’s airspace to prevent it from travelling to Libya from...more

Africa Update - March 2016 #3

Leading the News - Republic of Congo - On March 20th, the Republic of Congo (ROC) held voting in a presidential election that was predicted to see President Denis Sassou Nguesso extend his three-decade rule....more

Africa Update - March 2016 #2

Leading the News - Cote d’Ivoire - On March 13th, Al Qaeda in the Islamic Maghreb (AQIM) gunmen armed with assault rifles stormed the beach hotels in Grand-Bassam, a region population with Ivoirian and Western...more

Africa Update - February #3

Leading the News - Burundi - On February 12th, the United Nations (U.N.) Multidimensional Integrated Stabilization Mission in the Central African Republic (CAR) (MINUSCA) announced its decision to repatriate three...more

Africa Update - February 2016 #2

Leading the News - Burundi - On February 5th, newly elected African Union (AU) Assembly Chairman and President of Chad Idriss Deby appointed a high-level delegation of five African heads of state to negotiate with...more

Africa Update - February 2016

Leading the News - Burundi - On January 29th, Burundian authorities released a British and a French journalist who were arrested during a sweep for rebels in flashpoint districts in Bujumbura. The U.S. and European...more

Africa Update - January 2016 #3

Leading the News - Burkina Faso - On January 15th, Al Qaeda in the Islamic Maghreb (AQIM) claimed responsibility for a string of attacks in Burkina Faso that took the lives of 29 civilians from at least seven...more

Africa Update - January 2016 #2

Leading the News - Burundi - On January 12th, the Burundian Justice Ministry indicated the verdict on the trial of former Defense Minister Cyrille Ndayirukiye and 27 others accused of plotting the failed coup...more

Africa Update - December 2015 #3

Leading the News - Libya: On December 11th, the new United Nations (U.N.) Special Representative for Libya Martin Kobler announced the parties to the country’s political dialogue process reached an agreement to...more

Policyholder Insider Quarterly

October ordinarily brings the return of crisp air, fall foliage and Halloween. This year, for the first time, it also brought National Cybersecurity Awareness Month. Yet designating a month to increase cybersecurity awareness...more

Africa Update - December 2015

Leading the News - Nigeria: On December 1st, the United Nations (U.N.) reported nearly 450 schools have reopened in Borno state, Nigeria since October after being closed for more than 18 months following the Boko...more

Africa Update - November 2015 #3

Leading the News - Egypt: On November 12th, officials at the U.S. National Transportation Safety Board (NTSB) and the Federal Bureau of Investigation (FBI) noted while they had offered assistance to both Egyptian...more

Africa Update - October 2015 #4

Leading the News - Tanzania: On October 25th, voters in Tanzania went to the polls to vote for a candidate to replace outgoing President Jakaya Kikwete, who was unable to run for a third term under the country’s...more

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