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Showcase sessions
Judicial reform: economic development and the rule of law
Presented by the Public and Professional Interest Division Economic and social advantages to countries with fair legal systems, responsible judiciary, lawyers and civil serviceOne of the reasons why many initiatives around the world seek to develop trustworthy legal systems is that the countries with a stable and reliable legal environment attract and benefit from foreign investment. Developments and improvements in this area are also a high priority for the world's leading development finance institutions (World Bank, Asia Development Bank, USAID, InterAmerican Development Bank, CIDA and others).
Where a country's judiciary and other institutions are seen as unstable or susceptible to corruption, an additional adverse effect can be loss of jurisdiction. Investors find it desirable to opt for a governing law of a country with a trustworthy legal system and to refer disputes to arbitration at a trusted venue to avoid unreliable domestic courts.
0930-1230 MONDAY
Corporate governance
Presented by the Legal Practice Division
The corporate implosions of Enron, WorldCom and Parmalat among others, and the litigation and regulation they engendered, have caused a re-evaluation on the part of in-house counsel that the greatest risks to corporate wellbeing might not come from broken deals or big-ticket litigation, but from their company's own legal and ethical compliance. A panel including senior in-house counsel will review the changing landscape of corporate governance reform, and comment on the front-page issues of the day.
A non-exclusive list of topics is likely to include the possible conflict between an in-house lawyer's role as confidential adviser to senior management at the same time as a gate-keeper for governmental authorities, legal privilege and its waiver, sensitivity to accounting and indemnity issues, internal compliance improvements as well as challenges for the future such as increasing cross-border litigation risk, directors’ and officers’ criminal liability and the ever-increasing number of international treaties and conventions aimed at the regulation of transnational corporations.
0930 – 1230 WEDNESDAY
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