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    Directors Duties in the UAE: Part 3 - Duties in times of Financial Uncertainty
    2020-05-11

    Introduction

    With global economies facing uncertain times as a result of the COVID-19 pandemic, and many businesses facing significant challenges to cash flow, revenue and bad debts, the possibility of insolvency will be very real for some companies in the UAE. In such circumstances it is important that directors fully appreciate how their duties and liabilities will be impacted and ensure decisions made in a financial distress situation are made in full consideration of these.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP, Bribery, Coronavirus
    Authors:
    John O'Connor , Mohammed Majid , Harkee Wilson
    Location:
    United Kingdom
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP
    Directors' duties - a practical guide
    2020-11-23

    This guide provides directors of UK incorporated companies with a general overview of the statutory and other duties and obligations which should be complied with in that role. We also offer practical guidance on safeguarding directors from personal liability and on considerations should insolvency of a director’s company become a concern.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Stevens & Bolton LLP, Bribery, Board of directors
    Location:
    United Kingdom
    Firm:
    Stevens & Bolton LLP
    Insights for In-house Counsel - October 2020
    2020-10-02

    Our regular round-up of recent developments and topics for your radar, news on training and networking events for in-house counsel, and an update on our legal tech initiatives.

    HIGHLIGHTS

    Filed under:
    European Union, United Kingdom, Arbitration & ADR, Banking, Capital Markets, Company & Commercial, Competition & Antitrust, Employee Benefits & Pensions, Employment & Labor, Environment & Climate Change, Insolvency & Restructuring, IT & Data Protection, Law Department Management, Litigation, Public, Real Estate, Tax, White Collar Crime, Travers Smith LLP, Bribery, Corporate governance, Brexit, Libor, Modern slavery, Big data, Mediation, Force majeure, Machine learning, Personal data, Cybersecurity, 5G network, Coronavirus, European Commission, HM Revenue and Customs (UK), GDPR
    Location:
    European Union, United Kingdom
    Firm:
    Travers Smith LLP
    When Fiduciary Means Fiduciary: Criminal Bid-Rigging Charges in the Neiman Marcus Bankruptcy Proceedings
    2020-09-21

    I. Introduction

    Complex restructurings are no stranger to colorful facts and unpredictable twists and turns. But few lead to criminal charges. Fewer still involve criminal charges against the chairman of the unsecured creditors’ committee, alleging that he abused his position to benefit himself financially.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Ropes & Gray LLP, Bribery, Hedge funds, US Securities and Exchange Commission
    Authors:
    Matthew L. McGinnis , Daniel V. McCaughey , Patrick T. Roath , Joshua Balk
    Location:
    USA
    Firm:
    Ropes & Gray LLP
    Contentious business update - Spring 2015
    2015-03-31

    spring 2015 contentious business update hilldickinson.com Law in Action Page 6 Consumer Rights Bill - all change? Page 8 Mediation – when is it reasonable to refuse? Page 12 Serious Fraud Office (SFO) -vWest, Stone and Sustainable Agro Energy plc (SAE) Gary West, the chief commercial officer of SAE and Stuart Stone, director of SJ Stone Ltd, were convicted of offences under the Bribery Act 2010 in the context of an overall prosecution for fraud against officers of SAE.

    Filed under:
    European Union, United Kingdom, Arbitration & ADR, Company & Commercial, Insolvency & Restructuring, Internet & Social Media, IT & Data Protection, Litigation, White Collar Crime, Hill Dickinson, Bribery, Serious Fraud Office (UK), Bribery Act 2010 (UK)
    Location:
    European Union, United Kingdom
    Firm:
    Hill Dickinson
    Banking Regulation 2019 - Portugal
    2019-05-01

    Introduction

    Filed under:
    Portugal, Banking, Capital Markets, Insolvency & Restructuring, IT & Data Protection, White Collar Crime, VdA, Bribery, Blockchain, Libor, Big data, Money laundering, Fintech, Due diligence, Cryptocurrency, Machine learning, European Commission, European Securities and Markets Authority, MiFID, GDPR
    Location:
    Portugal
    Firm:
    VdA
    Saudi Arabia Update - January 2018
    2018-01-31

    Legal developments

    Filed under:
    Saudi Arabia, Employment & Labor, Insolvency & Restructuring, Media & Entertainment, Tax, White Collar Crime, Dentons, Bribery, Whistleblower, Bankruptcy, Value added tax, False advertising, Corruption
    Authors:
    Mahmoud Abdel-Baky
    Location:
    Saudi Arabia
    Firm:
    Dentons
    Financial Institutions E-briefing: High Court confirms legality of consent payments for noteholder votes
    2012-11-05

    Azevedo and another v Imcopa Importacao, Exportaacao E Industria De Oleos Ltda and others [2012] EWHC 1849 (Comm)

    Summary

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Eversheds Sutherland (International) LLP, Bribery
    Authors:
    Matthew Allen , Ben Bruton
    Location:
    United Kingdom
    Firm:
    Eversheds Sutherland (International) LLP
    Smoke in the hall of mirrors: good news for defendants in Sinclair v Versailles [2011] EWHC Civ 347
    2011-06-08

    The Sinclair v Versailles1 decision has extinguished any prospect that a victim of a fraud has a proprietary claim to a fraudster’s secret profits. It also offers significant comfort to banks, insolvency practitioners and other potential recipients of trust funds by setting a high bar for whether a recipient person is “on notice” of a proprietary claim to those funds.

    Filed under:
    United Kingdom, Banking, Insolvency & Restructuring, Litigation, White Collar Crime, Herbert Smith Freehills LLP, Share (finance), Bribery, Fraud, Fiduciary, Interest, Beneficiary, Consideration, Public limited company, Trustee, High Court of Justice (England & Wales)
    Location:
    United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    Beyond the brown envelope
    2015-01-05

    Nigel Barnett talks about bribes and other proprietary rights in insolvencies.

    Introduction

    For over 150 years, it has been a principle of English law that if an agent takes a bribe or a secret commission, he is liable to account to his principal for the amount received. However, there has been conflicting authority and academic debate as to whether the principal merely has a personal claim against the agent or whether he can assert a proprietary claim to the monies received and any profits made therefrom.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, White Collar Crime, Dentons, Bribery
    Authors:
    Nigel Barnett
    Location:
    United Kingdom
    Firm:
    Dentons

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