Norton Rose Fulbright Launches Global Regulation and Investigations Practice
LONDON--(BUSINESS WIRE)--Norton Rose Fulbright today launches its global regulation and investigations practice to assist businesses around the world in navigating regulatory issues, cited by global companies as their number one business challenge in 2013, according to new survey data from Acritas.*
“For all other than the most domestically-focused investigations, businesses operating internationally must be aware of the multi-jurisdictional nature of regulation and the new reality of cooperation between international regulators. Issues arising in one country may have a significant impact elsewhere.”
Norton Rose Fulbright’s global regulation and investigations practice, led by Martin Coleman and Lista Cannon, brings together over 600 lawyers from around the world. The practice connects practice areas across the globe including antitrust and competition, led by Martin Coleman; financial services regulation, led by Jonathan Herbst; investigations (including anti-bribery and corruption, and international trade and sanctions), led by Lista Cannon; and tax, led by Andrius Kontrimas.
As part of the launch, experienced lawyers will engage with businesses globally throughout 2014 to debate key issues in the identification and management of regulatory risk and related enforcement. A program of events, including seminars with key decision makers, client meetings, and internal briefings to share knowledge on regulation and investigation issues, will take place in key financial centers across the world in Africa, Asia, Australia, Canada, Europe, the Middle East and the United States.
Martin Coleman, global co-head of regulation and investigations, commented:
“The global financial crisis led to a fundamental readjustment in the relationship between governments and businesses around the world. On the one hand, the crisis legitimized unprecedented levels of intervention. On the other hand, budgetary pressures have led to increased public-private engagement, particularly in areas such as infrastructure and public service delivery.
“The overall impact is that there is simply much greater government interest in business activity and higher risk of intervention. It is therefore crucial for businesses to have a structured and well-considered approach.”
Lista Cannon, global co-head of regulation and investigations, said:
“For all other than the most domestically-focused investigations, businesses operating internationally must be aware of the multi-jurisdictional nature of regulation and the new reality of cooperation between international regulators. Issues arising in one country may have a significant impact elsewhere.
“In particular, the reach of the United States’ regulators looms large. Potential US regulatory and criminal proceedings, including the risk for senior executives of extradition, together with associated risks of class actions, add to the pervasive concern for businesses, even where the center of gravity of an investigation may not lie in the US. In addition, the development of new regulatory frameworks and enhanced enforcement efforts in developing markets, such as in China, lead to significant regional challenges for businesses operating globally.”
*Acritas, the legal market research specialist, found that regulation is the number one business challenge for the world’s global elite businesses through its annual Sharplegal survey. Acritas’ Sharplegal survey comprises data from 1337 interviews with General Counsel or their equivalent in organizations in Africa, the US, UK, Middle East, mainland Europe, Latin America, Canada and the Asia Pacific region with over $1 billion in revenue. The data was compiled from January-November 2013.
The Acritas findings confirm several years of data from Norton Rose Fulbright’s own annual Litigation Trends Survey showing that every year since 2008, companies have been increasingly requiring external counsel for assistance on regulatory investigations and that regulatory disputes have consistently been a major concern.
Notes for editors:
About Norton Rose Fulbright’s regulation and investigations practice:
Norton Rose Fulbright’s regulation and investigations practice brings together over 600 experienced lawyers in anti-bribery and corruption, antitrust/competition, financial services regulation, international trade and sanctions, tax and data privacy advice. The practice provides a connected approach for businesses across jurisdictions, industry sectors, and regulatory fronts. The experience of the practice extends from countries with extensive regulatory and enforcement frameworks, such as North America, Europe and Australia, to jurisdictions where regulatory issues are newer and coming to the fore, such as Asia, Africa and Latin America.
About Norton Rose Fulbright:
Norton Rose Fulbright is a global legal practice. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers based in over 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright South Africa (incorporated as Deneys Reitz Inc) and Fulbright & Jaworski LLP, each of which is a separate legal entity, are members (‘the Norton Rose Fulbright members’) of Norton Rose Fulbright Verein, a Swiss Verein. Norton Rose Fulbright Verein helps coordinate the activities of the Norton Rose Fulbright members but does not itself provide legal services to clients.
Law around the world
About Acritas’ Sharplegal:
Acritas’ Sharplegal is the world's most comprehensive annual study of the global legal market. Compiled annually from interviews with 2,500 senior general counsel in organizations with revenues of $50 million and above, the research investigates many aspects of the global legal market in great depth. The findings inform law firms’ strategic planning.