Financial Reporting Council of Nigeria releases draft National Code of Corporate Governance

The Financial Reporting Council of Nigeria has released the National Code of Corporate Governance for comments from stakeholders with effect from 15th April, 2015. Comments, which are expected to be in writing, are to be addressed to the Executive Secretay/Chief

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‘Outdated attitudes’ holding back women in their careers

As women leave the legal profession at an alarming rate, firms need to rethink their traditional approach to working arrangements, two industry bodies say. Speaking at the launch of the Victorian Women Lawyers (VWL) Flexible Work Protocols, the Victorian Equal

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Whistleblower groups cry foul over appointment to tribunal

Spokesmen for federal whistleblowers are crying foul after the Harper government appointed a judge with a Conservative background to a key panel. Peter Annis, a Federal Court judge, was appointed in late February to the Public Servants Disclosure Protection Tribunal,

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EY becomes first and only organisation to pay fine over Lehman’s role

Big Four accountant Ernst & Young is to pay US$10m over its role as auditor to Lehman Brothers, the bank which failed in 2008 – and, for the time being at least, it looks likely to remain the only adviser

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Decree Implementing Anti-Corruption Law Issued in Brazil

On March 18, 2015, nearly two years after the enactment of Brazil’s 2013 Clean Companies Act (CCA), Law No. 12,846, Brazilian President Dilma Rousseff issued Decree No. 8,420 (the “Decree”) implementing the CCA. This week, an English language translation of

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Future of Corporate Governance discussed in Istanbul

Representatives from advanced and emerging economies met in Istanbul on Friday to discuss how good corporate governance can encourage investment. In his speech,Vahdettin Ertas,the head of Turkeys Capital Markets Board,said that more than seven years after the financial crisis began,

Posted in General Issues

Jurisdiction can decide a case

One of the most senior judges in the United Kingdom, speaking to Cayman’s judiciary and legal fraternities last week, said the jurisdiction chosen for a legal dispute can often be the deciding factor for many cases. Lord Mance, a justice

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Satyam verdict: Why did it take the judiciary so long?

As a court on Thursday held the founder of Satyam Computer Services, which was once one of India’s biggest IT outsourcing companies, guilty in the country’s biggest corporate accounting fraud, economist Gurcharan Das slammed the judiciary for the amount of time

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APC mocks Fayose for resorting to the Judiciary to stop his impeachment

Ekiti State branch of the All Progressives Congress, APC, has said it is laughable for the state governor, Ayo Fayose, who once desecrated the judiciary by leading thugs to beat up judges and tear court records in the Chief Judge’s

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National Code on Corporate Governance launched in Zimbabwe

The National Code on Corporate Governance that provides a framework for corporate conduct for both the public and private sectors came into effect yesterday after it was officially launched by Acting President Cde Emmerson Mnangagwa. Among some of the key elements, the

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Lawyer who cheated legal aid in notorious murder case disbarred

A lawyer who defended a wealthy former police officer accused of killing his lover and stuffing her remains in a trash bin has been disbarred for cheating legal aid of close to $120,000. In its decision this week, the Law

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US legal authorities have finally got Edward Snowden

Edward Snowden may remain exiled in Moscow as a fugitive from US justice but the whistleblower did just manage a brief appearance in a New York park – and predictably ended up in the hands of the law. Under the

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