Winter 2021

New Law is as a breed still a lot better at promise than delivery, particularly on claims of providing better value than law firms.

2020 tested the resilience of organisations in ways that were unprecedented and, with further restrictions on movement imposed at the start of the new year, continued disruption seems inevitable for the foreseeable future. For many, continued homeworking – and the challenges that brings – is likely to be an everyday feature of life for some …

Continue reading “Cybercrime: tackling the many faces of a growing threat”

The risk of white-collar crime in the UAE is high, but authorities are increasingly proactive in taking steps to prevent, detect and prosecute crime and thereby to enhance the country’s profile as a safe investment destination.

We understand that it would be frustrating to get detained in China (or elsewhere indeed), but it doesn’t mean that you can do nothing about it – you still have the chance to not get formally arrested or prosecuted, or obtain a not-guilty verdict under the PRC criminal law regime. The key is to act …

Continue reading “What to do if you get detained in China for white-collar crime”

The Covid-19 pandemic has brought about significant challenges for many businesses, and a heightened risk of financial difficulty and insolvency. While the number of formal insolvencies has been relatively low thus far, troubled businesses may be forced to pursue accelerated asset disposals, or may themselves present an attractive investment opportunity for new equity stakeholders capable …

Continue reading “Transacting with troubled companies: navigating stressed, distressed, and insolvent acquisitions”

Thank you very much to those who completed the Board of the Future survey. Your involvement has given us some valuable insights into the quality and focus of leadership. A measure of any board’s worth is its flexibility and ability to respond to change and challenge. The survey shows a significant altering of priorities, particularly …

Continue reading “The board of the future: altered priorities”

On 24 December 2020 the Fiscal Procedure Code in Romania was amended and several fiscal-budgetary measures were approved. This law came with many important changes in the area of fiscal law, but it also impacts, to a large extent, the field of white-collar crime.

As the level of sophistication of economic crime has evolved and increased, there has been a growing need to streamline the mechanisms for confiscating its benefits, thus eliminating its economic incentive and inculcating the idea that ‘crime does not pay’. The law went beyond a strict definition of white-collar crime and entered what is seen …

Continue reading “New Portuguese powers to seize criminal spoils – a dangerous game”

In September 2020, the French Minister of Economy (Bercy) announced more controls on financial and tax optimisation schemes. This statement is part of the logical flow in reinforcing the fight against tax fraud in France.

It is an undeniable truth that the regulatory framework and law in relation to anti-corruption in India has undergone a significant change in the last couple of years. Considerable amendments have been made that have tightened disclosure requirements in the light of swelling number of financial frauds in India. To that end, the government of …

Continue reading “Recent shifts in India’s anti-bribery and anti-corruption strategy”