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Join the Securities Litigation and Enforcement Group on LinkedInThe ‘I did not apply my mind’ defense to insider trading | Compliance Week
In the U.S., we are pretty firm on the concept that “Ignorance of the law is no excuse.” And I would argue the U.S. is even more firmly against the novel concept of “I knew about the law, but I just wasn’t thinking about it at the time and now I’m sorry for violating it.” […]
South Africa: Companies Bill Would Enable Class Actions Against Officers and Directors
Section 157 of the Companies Bill now pending in South Africa may bring the class action into mainstream corporate and commercial activity in that country. As discussed in an article in the South African Insurance Times & Investments News, the class action has historically been a seldom-used procedure in South Africa, restricted to Bill of […]