In early March 2020, after COVID-19 had already begun its journey of destruction around the world, the European Commission (Commission) published its Comprehensive Strategy with Africa, outlining the region’s plans for its new, stronger relationship with the continent. The Commission had earlier stated that 2020 would be a pivotal year…
Progress on the reform of LIBOR has not stopped during the COVID-19 pandemic.
While the overall timing for LIBOR transition has remained unchanged, the Working Group on Sterling Risk-Free Reference Rates (RFRWG) has recognized the need to introduce some flexibility in relation to the interim transition deadlines to ensure that lenders are able to continue to supply credit to the real economy and assist with economic recovery.
The US legal system is not virtual. As the Supreme Court has stated, the right to in-person confrontation has “a lineage that traces back to the beginnings of Western legal culture.” Reminders of the importance of physical presence in the courtroom are everywhere: the Constitution guarantees the right to trial by jury, the Supreme Court has held that there is a qualified First Amendment right to attend court proceedings, and out-of-court statements are generally inadmissible. These are only a few examples. But what happens when these important rights collide with equally important public health considerations? Are virtual solutions legally permissible/technically possible/strategically desirable? Will today’s temporary work-arounds become tomorrow’s best practices? Is remote litigation the wave of the future? What risks and opportunities does it present?
The first English translation of German draft corporate liability act is available on www.verbandssanktionengesetz.de. This new website is a private initiative. Therefore, the translation is to be understood as a convenience translation. If you are interested in reading the actual text of the draft act instead of relying on client…
Increasing pressure of prosecution due to principle of legality, higher sanctions and incentives for compliance programs and internal investigations – a lot will change once the new corporate liability act comes into force
On 28 April 2020 the Law of Ukraine “On Prevention and Counteraction to Legalization (Money Laundering) of the…