A GLOBAL FINANCIAL SYSTEM REQUIRES A GLOBAL NETWORK OF SOPHISTICATED LITIGATION COUNSEL
The Creation of the International Financial Litigation Network
The international financial crisis and recent cases that have involved simultaneous proceedings in multiple court systems around the world have highlighted the need for coordination among courts and lawyers that deal with cross-border litigation to ensure the fair and efficient administration of justice.
Responding to this need, more than 40 law firms in 20 countries have formed The International Financial Litigation Network (the “Network”) to provide the experience, resources, communication and know-how to effectively apply and maximize the use of collaborative tools in complex cases.
On November 18th, 2015, the members of the International Financial Litigation Network gather in London to discuss and exchange information about the recent most relevant international cases. The English law firm COOKE, YOUNG & KEIDAN LLP hosted the event. Please click on to check the agenda of the meeting.
Securities fraud cases generally operate as "opt-out" class actions in the majority of Canadian jurisdictions, some of the very few places outside the United States where this is so...
The Supreme Court has agreed to reassess a 25-year-old decision that is instrumental to investors' ability to bring securities fraud class actions, opening the door to major changes in the nature and scope of future shareholder lawsuits...
Click on image or here to see all Congress Videos
The official launch and the adoption of the Constitution of the International Financial Litigation Network occurred on May 22, 2013 in New York City and on May 23, 2013 in Washington, D.C.
Headquartered in New York, the International Financial Litigation Network will also have a strong presence in Europe, with its General Secretariat located in the offices of Cremades & Calvo-Sotelo in Madrid.
Working with Cremades in the new organization will be vice chairmen Iacopo Destri (C-Lex Studio Legale) of Italy; Paul Kennedy (Dillon Eustace) of Ireland and the Cayman Islands; and Glen DeValerio (Berman DeValerio), Paul Sarkozi (Tannenbaum Helpern Syracuse & Hirschtritt, LLP) and.Lawrence Sucharow (Labaton Sucharow), all of the United States. James Duffy, of Berg & Duffy (U.S.) was appointed secretary.
As its first order of business, the International Network issued a declaration calling for the need to improve the legal security of financial markets, introduce best practices and promote collaboration of regulators – measures the founding members believe are needed to effectively promote their clients’ interests.
International Financial Litigation Network
Jorge Juan 30, 6 Floor.
Madrid, Sp, 28001, Spain
Tel: (+34) 91 426 40 50
Fax: (+34) 91 426 40 52