Third Party Litigation is on the rise. Seen as a desirable way for consumers and other individuals to forward legal claims in order to obtain redress when they do not have the financial means to do it, it may create unexpected ethical problems for lawyers.
In summer 2018 UNCITRAL adopted a new model law on recognition and enforcement of insolvency-related judgments. Filling a gap in international insolvency law, it should make cross-border insolvency resolution more expedient, predictable and efficient.
China has potentially found a solution to its extraordinary debt problem: regulating the shadow banking sector. However, one consequence of this is the ability of the shadow banking sector to migrate its activities back into the shadows.
A Dutch court considers an agreement between an emeritus professor and the former dean of the faculty board of the Tilburg School of Humanities to supervise PhD students, appropriately concluded and acceptable by standards of reasonableness and fairness.