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UK’s biggest companies see legal spend soar

The largest companies in the UK have set aside more than £22 billion (US$34 billion) to cover legal and regulatory costs, 22% more than a year ago – with high government fines the cause, new research has claimed.

CVM, UBS and CSN all confirmed speakers at Corporate Finance Conference

Luciana Dias, commissioner of Brazil’s Comissão de Valores Mobiliários (CVM), has confirmed as the keynote speaker at Latin Lawyer’s Corporate Finance Conference, to be held on 19 March in São Paulo. Special discounts are available for in-house counsel.

Clifford Chance and Thomson Reuters offer e-learning on anti-corruption

Clifford Chance LLP and Thomson Reuters’s division Accelus are hoping to tap into growing demand for online learning courses on competition and anti-corruption from corporate legal departments struggling to keep up-to-date.

US opens door for foreign in-house lawyers

Texas flad and Capitol

The policy-making body of the American Bar Association (ABA) has approved a resolution to make it easier for foreign in-house lawyers to register and work in the US.

SP anti-slavery law expected to prompt internal audits

Slave handcuffs and leg irons

Companies keeping their workforce in slave-like conditions – even if that labour is outsourced - face shutdown and a ten-year ban under new legislation that came into force last month in the state of São Paulo.

High-profile GCs up for Latin Lawyer’s Deal of the Year Awards

DOTY

Our sister publication Latin Lawyer has announced the shortlist for its annual Deal of the Year awards, which sees prominent in-house counsel from Cosan, LAN, BG, Tam, Occidental, Camargo Corrêa, Cemex, Petrobras, Cervecería Costa Rica, Votorantim, CIESA and more in the running for awards.

Welcome new LACCA members

LACCA welcomes new members from companies including JCDecaux and Ericsson

LatAm CEOs 'extremely concerned' about corruption and over-regulation

150 peso stamp

An annual survey by accounting firm Pricewaterhouse Coopers has found that more than four in ten Latin American business leaders are “extremely concerned” about bribery and corruption – almost double the world average.

“Negotiations were lengthy, but ultimately gratifying,” says TOTVS GC

Brazilian business-management software developer TOTVS has paid 83 million reais (US$40 million) for the acquisition of PC Sistemas, with the GC paying credit to fluid working between the external and in-house team for the deal.

LACCA news: what makes GCs come back to the same firms?

In-house counsel views on why they hire the law firms they do and the trend of separating legal from compliance were considered in the Latin America Corporate Counsel Association’s latest briefings.

Industry knowledge counts for GCs in hiring firms

business handshake

US corporate law departments will choose law firms with a proven experience in their area of business - even over those with a personal recommendation, a new study has found.

Deutsche Bank and Fundo Garantidor de Créditos GCs confirm for Corporate Finance conference

Leading lawyers from all around the region, including GCs from Deutsche Bank and Fundo Garantidor de Créditos, are confirmed speakers at Latin Lawyer’s Second Annual Corporate Finance Conference, to be held on 19 March in São Paulo. Today is the last day to buy discounted tickets.

JP Morgan splits legal and compliance

JP Morgan, London

JP Morgan Chase has appointed a new compliance chief and moved reporting lines for the department away from legal - which many see as further evidence that the separation of legal and compliance is here to stay.

São Paulo debates pro bono ban

The public prosecutor’s office in São Paulo is considering asking the state bar association to lift the ban on pro bono work for individuals, and has called a public audience to debate the issue.

FCPA enforcement record under fire

Port Harcourt, Nigeria - the closest city to Bonny Island where Nigeria LNG was backed by an engineering consortium, now under investigation for bribery in the US

The enforcement and prosecution record of companies breaching the Foreign Corrupt Practices Act may be less impressive than it appears, says one US academic.

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