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Paris Court of Appeal rules on Iraq war's impact on due process in arbitral proceedings

In a decision dated November 8 2016, the Paris Court of Appeal set aside an award on the grounds of a violation of the principle of equality of arms. This decision comes as a reminder that arbitration is a jurisdictional process where parties and arbitrators, while enjoying considerable freedom and flexibility, should be mindful of due process and fair trial guarantees.

SFC takes another step in strengthening senior management accountability by introducing new concept of “Managers in Charge”

In December 2016 the SFC issued a “Circular to Licensed Corporations Regarding Measures for Augmenting the Accountability of Senior Management” and the accompanying FAQs. This Alert sets out the key areas to note, and the steps that Licensed Corporations and their senior management should consider taking in order to meet the SFC’s expectations.