We rarely think about emergencies before they arrive on our doorstep. Yet, the recent civil unrest in Baltimore has presented another eye-opening reminder that no one can predict how or when an emergency might strike. While it might come as a fire or a flood – rather than a riot…
Effectively managing corporate compliance efforts in today’s regulatory environment–preventing corporate officers and employee from engaging in illegal practices,…
Various countries and their compliance-enforcing agencies request that companies have “adequate” compliance programs and organizations. But what does…
On January 21, 2015, the Capital Markets, Insurance and Savings Department at the Israeli Ministry of Finance issued a draft circular which imposes, among other things, certain obligations and restrictions on Israeli financial institutions when giving leveraged loans, including disclosure and reporting obligations and establishing particular internal requirements and underwriting…
Regulation of the activities of Credit Rating Agencies (“CRAs”) in Israel is fairly new with the first piece…
Baker & McKenzie has released its first global client survey on Social Media. Based on the responses from international…
The Organization for Economic Cooperation and Development (OECD) on December 2, 2014 released its first-ever analysis of anti-bribery on a global scale. 427 transnational bribery cases that occurred between February 1999 and June 2014 were reviewed. The key findings are: Almost two-thirds of cases occurred in four sectors: mining (19%);…
On 3 December 2014, Transparency International (“TI”) launched its latest Corruption Perceptions Index (“CPI”) 2014. The CPI ranks countries…
The Israeli Securities Authority (the “ISA”) has followed in the SEC’s footsteps, and recently published guidelines with regard…
After attracting the attention of the Israel Bar Association and generating considerable controversy, the 13th Amendment to the Israeli Prohibition on Money Laundering Law (“the Amendment”) has been approved by the Israeli parliament. According to the Amendment, for the first time, lawyers and accountants are required to actively collect information…