James Cooper, Partner, London
We have commented in previous editions of this Review on the
impact that developments in one jurisdiction can have in another.
This edition is no exception: at the time of going to press, the
Financial Stability Board had recently announced that it believes
that the United Kingdom's Senior Manager and Certification
regime is ripe for expansion elsewhere. The impact of the United
States' Supreme Court decision in Morrison continues
to unfold as a series of cases have debated the exact parameters of
that "F-cubed" decision. Its impact can also be seen in
the development of collective shareholder actions, and we examine
whether "Dieselgate" will be a game changer in Germany.
Development of class actions continues apace elsewhere, and we also
look at proposals for a regime for claims against listed companies
in Saudi Arabia.
