Of all the risks facing companies in today’s business world, reputational risk is one of the most serious. Reputational risk can not only damage a company’s brand, but can even lead to the demise of the company. It is of primary importance to executives, in-house counsel and risk managers in many multinational companies and is […]
When I managed the law department of a company, having data in the form of KPIs (key performance indicators) helped me manage the department. It also showed the risks my department and therefore the company was facing. It was in a sense a snapshot of the legal costs and expenses. The KPIs showed legal expenses […]
Recently, President Trump met with Kim Jong Un of North Korea for an impromptu talk. Expectations are high for a resolution to the nuclear dilemma, especially in South Korea. What the meeting of course amplifies, is the geopolitical risk facing those companies and organizations doing business in South Korea. No one knows whether or not […]
At a recent ECCK meeting, Ji Chul-ho, the Vice Chairman of Korea's antitrust regulator- the KFTC, asserted that international companies doing business in Korea may face requests from the KFTC to review any international contracts or agreements they have with Korean companies. Ji said the KFTC expected to find instances of unfair contract clauses in […]
Apparently a popular heart medication in the US may have been tainted with carcinogenic chemicals, prompting numerous lawsuits in the US , not only against the manufacturer but distributors as well. This can certainly result in class action lawsuits worth billions of dollars. Much of these losses could have been avoided if the proper risk […]
Korea Fair Trade Commission Gets Serious in 2019 The Korea Fair Trade Commission (“KFTC”) has ramped up its regulatory enforcement beyond what was considered normal under past administrations. This enforcement philosophy permeates much of the legislative amendments being sought in the KFTC’s first major overhaul of the Monopoly Regulation and Fair Trade Act (“MRFTA”) – […]
