Directors' Liability and Indemnification

A Global Guide, Fourth Edition
4. Auflage 2022
ISBN: 978-1-78742-836-2
Verlag: Globe Law and Business

Buch, Englisch, 870 Seiten, Format (B × H): 159 mm x 241 mm, Gewicht: 430 g

As the world begins to recover from the global pandemic, companies and individuals are faced with increasing risks and uncertainty. There are stock market fluctuations, heightened international tensions, and the full effects of Brexit which are yet to be felt, as well as India and China emerging as economic superpowers challenging for the first time the supremacy of the United States and EU. Coupled with this is the now daily occurrence of cyber attacks, enhanced scrutiny of cultural perspectives within the business world following the #MeToo and Black Lives Matter movements, and ever-present threat of climate change, this issue now front and centre in boardrooms.

Amid all this directors are subject to more legal scrutiny than ever. In the six years since the last edition was published, companies’ laws and financial regulations have been updated, and there is more diligent and better resourced enforcement of bribery and corruption laws. Shareholders around the world enjoy more extensive rights to hold directors to account than ever before, and directors are less likely to be forgiven for ignoring their responsibilities. They are looking ever more closely at the protection available to them, through both indemnification and directors' and officers' (D&O) insurance, the latter having recently been through the “hardest” market for decades, with reductions in the amount of cover available and significantly increased premiums, partly as a result of the increase in volume and severity of directors’ claims.

Nonetheless, the exposures that directors face and the extent to which indemnification and insurance may provide protection around the world are still very nuanced; there can be no “one size fits all” approach. The fourth edition of this title features fully updated contributions from leading legal experts around the world on what directors need to be concerned about in 2022 and beyond, together with the protections available. Each chapter follows a set structure (updated for this edition) which includes commentary on the risks of civil, criminal and regulatory claims against directors, and addresses the availability of indemnification and D&O insurance. New features of this edition include greater scrutiny of criminal vs regulatory liability, forecasting of particular trends, and the insurability of fines and penalties in the jurisdictions covered. The fourth edition also includes new chapters on Jersey and Guernsey (Offshore), Sweden (Nordics) and Saudi Arabia.

This title will be an essential reference guide for directors, officers, in-house counsel and private practice lawyers advising them. It will provide a starting point for their assessment of today’s legal exposures and assist with the management of their business risks.

Autoren/Hrsg.

Smerdon, Edward

Fachgebiete

• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein Recht mehrerer Jurisdiktionen, Synopsen
• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Preface 7
Edward Smerdon
Coverage Matters Ltd

Australia 15
Will Harrison
Harrison & Co Legal Consulting

Belgium 43
Hugo Keulers
Lola Stenuit
Pieter-Jan Van Mierlo
Jo Willems
Lydian

Brazil 81
Julia Santoro de Camargo Donato
Olivia Carolina Florence Franco Searle
DR&A Advogados

Canada 109
Vinay Desai
Raphael Roditi
Borden Ladner Gervais LLP

China 143
Stella Yang
Taylor Wessing

Colombia 165
José Francisco Mafla
Carlos Umaña Trujillo
Brigard Urrutia

France 183
Romain Schulz
Eleonora Sorribes
Sarah Xerri-Hanote
HMN & Partners

Germany 233
Camilla Schütz
Oliver Sieg
Noerr Partnerschaftsgesellschaft mbB

Guernsey and Jersey 257
Simon Davies
Bryan De Verneuil-Smith
Damian Evans
Oliver Passmore
Ogier

Hong Kong 291
Mark Bedford
Bowers Law
Michelle Chung
Kevin Lee
Stephenson Harwood

India 321
Anup Vijay Kulkarni
Sajai Singh
J Sagar Associates

Ireland 349
Donal Dunne
Eileen Grace
Addleshaw Goddard

Israel 375
Harry Orad
Gross Orad Schlimoff & Co

Italy 397
Giulia Di Piero
Serena Triboldi
PMT Pontecorvi & Triboldi Law Firm

Japan 443
Keitaro Hamada
Asa Shinkawa
Nishimura & Asahi

Luxembourg 463
Michel Molitor
Molitor Avocats à la Cour

Mexico 489
Jesús Colunga
Mónica Mora
Basham, Ringe y Correa, SC

Netherlands 521
Annemieke Hendrikse
Van Doorne NV

Poland 545
Michal Barlowski
Wardyn´ski & Partners

Russia 583
Nikolay Molostov
Yulia Solomakhina
Cleary Gottlieb Steen & Hamilton

Singapore 603
Sophie Lim
Wee Toh Loo
Tse Chuan Loong
Celeste Yao
Allen & Gledhill

South Africa 629
Stephen Kennedy-Good
Norton Rose Fulbright South Africa Inc
Summer van Haght
Lawyer

Spain 653
Ignacio Figuerol
Clyde & Co

Sweden 683
Ingrid Ek
Tora Larusdottir
Erik Wernberg
Advokatfirman Cederquist

Switzerland 713
Philipp Känzig
Jonas Stüssi
STAIGER Attorneys at Law Ltd

Ukraine 739
Zoryana Sozanska-Matviychuk
Redcliffe Partners

United Arab Emirates 759
Nadim Bardawil
Michael Kortbawi
Taronish Mistry
BSA Ahmed Bin Hezeem & Associates

United Kingdom 787
Sarah Brook
Tristan Hall
Andrew Milne
CMS Cameron McKenna Nabarro Olswang LLP

United States 819
Kimberly Blair
Jonathan Meer
Wilson Elser

About the authors 853

About Globe Law and Business 870