This feature is an excerpt from a September 2007 article by Michael P. Goldman, Deborah L. Cotton, James M. Pinkstaff and Patrick J. Harrison.
In the constantly changing area of directors and officers liability, significant D&O exposures are no longer limited to the U.S. Recent legislative and regulatory developments, coupled with several large settlements outside the U.S., require companies with foreign operations to take a fresh look at global D&O exposures and related insurance coverage issues.
Securities liability is globalizing in much the same way that business is globalizing. During the past few years, a growing number of countries–including South Korea, Israel, Sweden, Germany, Italy and the Netherlands–have enacted legislation allowing shareholders to file a unified claim seeking damages from investment losses.
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