Getting ahead of new regulatory and litigation risks as they develop.
We expect to see an upswing in litigation and regulatory enforcement action that typically accompany economic slowdowns. In the US, the DOJ, the SEC, and FINRA have signalled that corporate wrongdoing will not be tolerated. In the UK, the new Consumer Duty establishes new rules for firms to follow, and firms that do not comply risk enforcement action and consumer litigation.
Companies should expect the DOJ to require prioritization of evidence that will enable it to make cases against individuals.
Taken from the article “CALLED TO ACCOUNT” by Andrey Spektor – Partner, New York,
& Laura S. Perlov – Partner, New York/Denver