The Foreign Corrupt Practices Act bars U.S.-based and U.S.-traded companies from giving things of value to foreign government officials or their surrogates in order to gain a competitive advantage — a worthy law whose goals have wide support from American businesses.
But more than 30 years of experience with the law and an increasingly global economy have shown some weaknesses which, if corrected, could improve compliance and raise business standards.
Arbitration is a fair and cost-effective way of resolving claims, according to the testimony of Victor Schwartz (which he discusses in the video above) on behalf of the U.S.
Louisiana's oil and gas industry supports a tremendous number of direct and indirect jobs, is the fourth-largest producer of crude oil and is one of the nation's top producers of natural gas.
However, the current legal environment in Louisiana is harming the oil and gas industry and the state economy due to legacy lawsuits -- suits seeking a financial windfall for alleged environmental damage claims by certain landowners. Such lawsuits are unique to Louisiana, and discourage oil and gas exploration and production. But it doesn't stop there.
In this interview conducted at the 12th Annual Legal Reform Summit last October, former U.S. Solicitor General Paul D. Clement previewed the upcoming Supreme Court case on health care reform. Clement is the lawyer leading the challenge to the law.
Today the Fairness in Disclosure of Evidence Act of 2012 was introduced in the U.S. Senate. The bill would require that federal prosecutors disclose evidence that is favorable to the defendant in the course of a criminal proceeding; outline when such evidence must be disclosed; and, provide meaningful remedies for violations of the rule.
Plaintiffs’ law is a big business – according to Towers Watson, the U.S. tort system cost $264.6 billion in 2010 (the most recent year for which data is available). A new study conducted by New Media Strategies and sponsored by the U.S. Chamber Institute for Legal Reform (ILR) analyzes the use of digital marketing by plaintiffs’ lawyers.
At a time when states are facing tight budgets and sluggish economic growth, a new working paper released by the U.S. Chamber’s Institute for Legal Reform (ILR) shows that actions taken by states to improve their legal environments can produce real economic dividends.
The U.S. Chamber is applauding a film that documents how the greatest system of justice in the world is being compromised by greed and corruption.
InJustice reveals the history behind America’s “lawsuit industry” and how it had transformed the practice of law from a calling into a multi-billion dollar a year business. The film by award-winning producer Brian Kelly highlights the abuses of opportunistic trial lawyers and reveals how their actions affect the court system, the legal profession, and lawsuit victims.
