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Corporate Governance Corporate Liability

Latham & Watkins LLP

Failure to Prevent Fraud: Corporates Face New Criminal Offence Amid Accountability Crackdown

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Enhanced SFO powers and promises of swifter action on economic crime underscore the importance of anti-fraud measures for corporates and M&A dealmakers. The UK government is cracking down on corporates turning a blind eye...more

Mayer Brown

A New Chapter: The Beginning of the Next Evolutionary Phase of the New PRC Company Law – Part III: Liability

Mayer Brown on

China’s long-awaited amended Company Law (New Company Law) was enacted on 29 December 2023, effective from 1 July 2024. The new amendments are arguably the most significant since China established its company law regime back...more

Bennett Jones LLP

Canadian Ombudsperson for Responsible Enterprise Publishes First Final Investigation Report

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On March 26, 2024, the Canadian Ombudsperson for Responsible Enterprise (CORE) published a final report on its investigation into allegations that a Canadian mining company, Dynasty Gold Corporation (Dynasty), operating in...more

Latham & Watkins LLP

ESG Insights: 10 Things That Should Be Top of Mind 2024

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Amid new regulations, increased enforcement and litigation, and higher stakeholder scrutiny, companies will need to adopt an integrated and nuanced approach to ESG. In some ways, 2023 was a challenging year for ESG. This...more

Conyers

King Bun Limited and Others v. Lau Man Sang, James and Others - Claim No. BVIHC (COM) 2017/086

Conyers on

Nov 2023 In August 2021, the BVI Commercial Court handed down judgment on liability in favour of the Claimants against seven directors of Vanway for carrying out a fraud on the minority shareholders, in selling the assets of...more

A&O Shearman

Directors' Liabilities in Europe: a multi-jurisdiction survey on current set of rules and best practices

A&O Shearman on

Directors’ duties and liabilities have always been at the forefront of corporate governance. It has become a hot topic in the wake of new regulations in the field of sustainability, which directly impact directors’...more

A&O Shearman

New UK law passed to tackle economic crime and corporate secrecy

A&O Shearman on

The new Economic Crime and Corporate Transparency Act 2023 (the Act) is the latest step in the UK Government’s attempts to address economic crime and improve transparency over corporate entities. Whilst most of the key...more

Hogan Lovells

Doing business in Poland 2023 - Ukrainian Version

Hogan Lovells on

Ведення підприємницької діяльності в Польщі регулюється так само, як і в інших країнах Європейського Союзу. Це дає змогу вести економічну діяльність підприємствам різних правових форм і на різних засадах, тобто вільно...more

Hogan Lovells

Doing business in Poland 2023 - French

Hogan Lovells on

La réglementation applicable aux activités commerciales en Pologne est la même que dans les autres pays de l’Union européenne. Elle permet aux entreprises d’exercer sous diverses formes juridiques et sur différentes bases,...more

Hogan Lovells

Doing business in Poland 2023 - English

Hogan Lovells on

Doing business in Poland is regulated in the same way as in other European Union countries. It allows business activities to be conducted in various legal forms and on various bases including the freedom of services, and the...more

White & Case LLP

Proposed EU Anti-Corruption Directive – how does it compare to the US and UK gold standard?

White & Case LLP on

The European Commission has published a proposed Directive which, building on measures already in place, would require member states to incorporate uniform anti-bribery measures into their laws. Whilst most EU member states...more

NAVEX

Forced-Labor Compliance Moves Up the Chain

NAVEX on

Forced labor in the supply chain is not quite a new corporate compliance challenge; the United Kingdom and Australia, for example, have required corporations to police against such abuses in their supply chains since the...more

White & Case LLP

One Step Closer To The Future (Part III) – Corporate Criminal Liability For Failure To Prevent Non-Economic Crimes

White & Case LLP on

On 10 June, the Law Commission published its long awaited Options Paper, with proposals on reforming corporate criminal liability in England and Wales, following the launch of its discussion paper in June 2021...more

Hogan Lovells

Zaostrzenie odpowiedzialności podmiotów zbiorowych – nowe plany rządu

Hogan Lovells on

W ostatnim czasie rząd zaprezentował założenia nowelizacji ustawy o odpowiedzialności podmiotów zbiorowych za czyny zabronione pod groźbą kary. Jest to akt nakładający odpowiedzialność na korporacje za czyny popełnione przez...more

Hogan Lovells

Tightening the liability of collective entities - new government plans

Hogan Lovells on

The government recently presented the assumptions of the amendment to the Act on the Liability of Collective Entities for Criminal Offences. This is an act that imposes liability on corporations for acts committed by persons...more

Jenner & Block

Human Rights in Supply Chains: How New Laws in Europe and the UK Impact Companies Around the World

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On the occasion of the tenth anniversary of the United Nations Guiding Principles on Business and Human Rights (the "UNGPs"), the Human Rights Council noted the “unprecedented” efforts of companies and governments around the...more

Oberheiden P.C.

5 Things to Consider When Creating a DAO

Oberheiden P.C. on

What Is A DAO? A decentralized autonomous organization (“DAO”) is a collectively owned and managed entity with a set of rules written in computer code. They are organized around a set of rules on the blockchain and...more

Lowenstein Sandler LLP

Effective and Efficient Pre-Transaction FCPA Diligence: How to Leverage Compliance and ESG to Avoid Buyer’s Remorse and Other...

Lowenstein Sandler LLP on

The arduous process of FCPA compliance requires risk teams to digest and cross-reference a morass of information – from internal data analysis to human representatives collecting interviews on the ground. Diligence failures...more

Littler

Europe and Canada Seek to Mandate Human Rights Due Diligence and Transparency Obligations on Companies and Their Global Partners

Littler on

This year has seen a number of international and regional legislative efforts imposing human rights due diligence and transparency obligations on multinational employers. ...more

American Conference Institute (ACI)

[Event] Anti-Corruption London - November 2nd - 3rd, London, United Kingdom

C5's 15th International Conference on Anti-Corruption London will take place November 2 – 3, 2021 in Millennium Hotel London Knightsbridge, London. Join your peers for the IN-PERSON reunion of the legal and compliance...more

Barnea Jaffa Lande & Co.

Dual-Listed Companies – Israeli Legal Liability for Reporting

The Tel Aviv District Court (Economics Department) recently handed down a ruling in the Ceragon Networks Ltd. case. The ruling states that dual-listed companies may face exposure to lawsuits based on the liability rules under...more

Allen Matkins

Should Insider Reverse Veil Piercing Be Applied To Protect Constitutional Rights?

Allen Matkins on

Last Friday's post addressed Vice Chancellor Slights' novel ruling that outsider reverse veil piercing is an equitable remedy that is available in Delaware.  Manichaean Capital v. Excela Technologies, Inc., 2021 Del. Ch....more

BCLP

As SPACs’ Popularity Explodes, Liability Risks Rise As Well

BCLP on

Special purpose acquisition companies (“SPACs”), it seems, are everywhere.  SPACs have been around for decades, but use of a SPAC to take a company public without a traditional initial public offering (“IPO”) has recently...more

Jackson Walker

Byron Egan – Upcoming Release of EGAN ON ENTITIES Third Edition

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For guidance on business entities in Texas and Delaware, look no further than Jackson Walker's resident expert, Byron Egan, who literally wrote the book on choice of entity. The third edition of his treatise, EGAN ON...more

NAVEX

Supply Chains Under Scrutiny: Targeting Human Rights and Forced Labor Risks

NAVEX on

This summer, one of the UK’s best-known online brands found its supply chain at the center of a high-profile modern slavery investigation. Within hours of the story breaking the company’s share price plummeted, as...more

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