Expert Analysis

• The New Accountability Landscape For Financial Regulators

  

  The preliminary-stage success of a group of U.K. lawmakers in a case against the Financial Conduct Authority highlights the significant hurdles for review of regulatory actions, but the Financial Services and Markets Act 2023 creates additional visibility into the regulators' decision making, which may lead to an increase in judicial review activity, say attorneys at Cleary.

• Director Responsibilities Amid Russian Asset Seizures

  

  Following Russia's recent takeover of several companies, shareholders may argue that directors failed to properly guard the companies' assets and choose to bring derivative claims or unfair prejudice petitions, say lawyers at Collyer Bristow.

• Investors Should Prepare For Possible EU Energy Treaty Exit

  

  Following the European Commission’s recent call for the European Union and Euratom to withdraw from the Energy Charter Treaty, investors in the energy sector should assess the legal structure of their existing investments and consider restructuring to ensure adequate protections, says Philipp Kurek at Kirkland.

• EU Illumina-Grail Fine Cools Cos.' Merger Control Approach

  

  The European Commission's recent record-breaking fine on Illumina for acquiring Grail without approval underscores its tough stance on merger control enforcement, showing that companies in Europe need to be vigilant in complying with regulatory requirements, say Salomé Cisnal de Ugarte and Raphaël Fleischer at King & Spalding.

• EU Raw Materials Initiative Vital For Sustainable Value Chains

  

  The European Commission’s recent steps toward developing partnerships with the U.S. and Argentina to ensure a secure supply of critical raw materials are a welcome recognition of the importance of mining to the European Union's sustainable transition, say lawyers at Watson Farley.

• A Cross-Border Data Refresher After New EU-US Framework

  

  Following the recent release of an updated EU-U.S. Data Privacy Framework, Jack Hobaugh at Brownstein Hyatt discusses the complicated question of what is and is not a cross-border transfer of information under the EU General Data Protection Regulation.

• UK Top Court Ruling Spells Uncertainty For Litigation Funders

  

  The U.K. Supreme Court's recent decision in Paccar Inc. v. Competition Appeal Tribunal has called litigation funding agreements impermissible, causing astonishment in the legal industry and raising questions over how funders should now approach litigation, say Mohsin Patel at Factor Risk Management and Imran Benson at Hailsham Chambers.

• UK Task Force Report Focuses Digitization Of Shares Process

  

  The U.K. Digitization Task Force’s recently published interim recommendations on the U.K. shareholding framework are helpful in the push toward improving the share ownership system, following overwhelming support from stakeholders to eradicate paper processes, say lawyers at Davis Polk.

• Gender Diverse Boards May Reduce Corporate Fraud Risk

  

  Following the recently proposed "failure to prevent fraud" offense, companies should focus on diversity in leadership as research shows that an increase in women's representation on boards is associated with a decreased probability of fraud, say Anoushka Warlow and Suzanne Gallagher at BCL Solicitors.

• EU Privacy Framework Will Aid Int'l Data Transfer Compliance

  

  The underlying certification mechanism in the EU-U.S. Data Privacy Framework recently adopted by the European Commission has pros and cons, and by understanding its mechanics businesses and organizations can grasp the means to ensure General Data Protection Regulation compliance in their data transfers, say lawyers at Chiomenti.

• Opinion

  Plea For A New Int'l Tribunal For Russia's Crime Of Aggression

  

  Legal experts worldwide should support the International Bar Association and other organizations calling for a United Nations special criminal tribunal to prosecute Russian leaders for the crime of aggression against Ukraine, or risk standing by as war atrocities and threats to global security increase, says Olga Kostina at Robert F. Kennedy Human Rights.

• Protecting Reputation In The Age Of Shareholder Activism

  

  With the rise in investors using equity ownership to influence the management of a company, shareholder activism has taken on fresh impetus, and general counsel have a critical part to play in safeguarding an organization's reputation by engaging in open communication and implementing effective corporate governance, says Neil McLeod at The PHA Group.

• Factors Driving Increased Litigation Against European Cos.

  

  European government regulation and enforcement, economic inflation and litigation funding are driving an increase in litigation, especially class actions, against corporations in Europe, a trend that seems to be here to stay, says Henning Schaloske at Clyde & Co.

• Oil Industry Must Brush Up On Int'l Anti-Bribery Standard

  

  The recent displays of environmental concerns by activist group Just Stop Oil demonstrate why compliance with the internationally recognized anti-bribery standard, known as ISO 37001, and its whistleblower systems, is essential to maintain ethical corporate behavior, says Felicity Gerry at Libertas Chambers.

• New UK Offense Will Help Law Firms Tighten AML Compliance

  

  By allowing for larger fines and introducing a failure to prevent fraud offense, the Economic Crime and Corporate Transparency Bill, currently passing through Parliament, will further motivate law firms to improve their anti-money laundering compliance process, says Richard Simms at AMLCC.