Global Regulatory Enforcement – a New Normal ?
At D & O Diary, a new post from Kevin LaCroix presents various facts about cross-border enforcement of statutes and rules. The post closes with the following comment:
"I happen to think that the increasing global regulatory enforcement activity is one of the important emerging trends involving corporate liability. These developments have very important liability implications both for non-U.S. companies in their home countries and operating abroad, and for U.S. companies operating overseas. For D&O underwriters, these developments have important underwriting implications. And for policyholders and their advisors, these developments raise important and challenging questions about the availability and effectiveness of their insurance to respond to these emerging regulatory claims."
Apt observations, in my book.