The Source for Whistleblowers, Journalists, Legislators & Academics

Foreign Regulators Up Co-Operation

The IBA is all about the interface of legal systems, says our man at the 2013 extravaganza, Reuben Guttman of Guttman, Buschner & Brooks PLLC.

BOSTON, MASS — It is day three of the International Bar Association’s 2013 Convention and the halls of the Hynes Convention Center here are graced with lawyers from across the globe.

With the growth of a global economy, the common question among all attendees is how to interface the laws of different nations particularly where culture and language may not be susceptible to simple translation?

At a panel entitled “Enforcement by Regulators,” Richard Walker, counsel for Deutsche Bank, noted the rise in cooperation among foreign regulators. “Multi-jurisdictional investigations have a new meaning with Libor,” noted Walker, who explained that the US prosecution of Seimans for violations of the Foreign Corrupt Practices Act “was the beginning with local German prosecutors cooperating with US prosecutors.”

Panelists noted that attorney client privileges may vary from jurisdiction to jurisdiction presenting challenges to legal counsel involved in cross boarder investigations. Yet attorney client privileges are just the tip of the iceberg with language and cultural barriers presenting a thick layer of challenge for prosecutors involved in cross-border cooperation.

Others sessions on international investment arbitration shared the same common theme of the interface of law, culture and language. Creating fluid movement between legal systems is the challenge faced by IBA members.

But the IBA is not just about the procedural side of law. Questions about human trafficking, pollution and employment standards are topics of discourse here. While the subtle theme is promotion of human rights the driver is economics. Reliable legal systems that allow for enforce of rights provide confidence for investors.

Related posts

The Art of Advocacy

Judges are now insisting that plaintiffs make their case with facts instead of merely...

A Tale of Two Cases

The SEC needs more transparency The SEC needs to begin identifying those receiving bounties...

Benchmarking Law Schools

How should law schools be judged? Reuben Guttman questions the current law school rankings...

A Global Epicentre

Our man at the IBA, Reuben Guttman, is most impressed by a law professor...

Doing the right thing

Are global corporations under just a moral obligation rather than a legal duty to...

Professional melting pot

The International Bar Association has a well-deserved reputation for partying hard at its annual...

Puckering Up

“Whether to blow or not to blow – that intriguing issue triggered heated debate...

“Backing Barack”

The US President wins some heavyweight economic support as Reuben Guttman sees the curtain...

Changing the Debate

CHARLOTTE, NC — Twenty-eight years ago, then New York Governor Mario Cuomo gave a...

It’s all about Ohio

CHARLOTTE, NC — Inside the Democratic National Convention here it is all about winning...

Is Apple Serious?

After years of representing to shareholders that it properly monitors its supply chain for...

Comments are currently closed.

Top