The UK government is grappling with the most appropriate way to deal with corporate criminal liability in the context of serious fraud and corruption. Civil recovery orders can sometimes appear too lenient, but a full-blown criminal conviction (whether on the back of a negotiated plea agreement or otherwise) can lead to the complete demise of …
The Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (Dodd-Frank) passed through US Congress and became law on 21 July 2010. It has been a controversial piece of legislation. In particular, it has significantly enhanced the whistleblower protections afforded by the Sarbanes-Oxley Act 2002 (Sarbanes-Oxley). These changes to the whistleblower regime will affect not …
The promotion of renewable energy has increasingly been the focus of the government’s environmental policy in recent years, largely due to the UK’s ambitious carbon emission reduction targets and its underlying objective to source 15% of UK energy consumption from renewable resources by 2020, thus reducing our reliance on imported oil and gas supplies. This …
On 12 September 2011 the International Chamber of Commerce (ICC) published the revised version of its Rules of Arbitration, updating the 1998 Rules. The new Rules of Arbitration of the International Chamber of Commerce (the 2012 Rules)1 will come into force on 1 January 2012 and will be applicable to all ICC arbitrations (with some …
The Court of Appeal was recently given the opportunity to consider the remedy of rescission in Howard-Jones v Tate [2011] and in doing so, stressed a distinction between the remedies that are available to an innocent party where there has been a repudiatory breach of contract, and those situations where rescission ab initio will be …
