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Recent Editions
Risk Channel
North America
The Supreme Court is to consider putting new limits on lawsuits against companies over atrocities abroad, and has agreed to hear Cisco's bid to stop claims that it was complicit in China's torture of Falun Gong adherents. Plaintiffs claim the company worked closely with Beijing to create a so-called "Golden Shield" surveillance system which enabled officials to identify, apprehend and torture followers of the spiritual movement, which China declared illegal in 1999. Cisco has said it doesn’t customize products to facilitate repression.
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Risk Channel
UK/Europe
UBS has rejected a Swiss government proposal to strengthen its rules following the collapse of Credit Suisse. "The proposal would lead to huge added costs and endanger the continuation of the successful business model," UBS said. UBS - Switzerland's sole global bank after the acquisition of its troubled rival - argued proposed measures for foreign units were disproportionate and out of step with international competitors. The Financial Times reports this morning that UBS chief executive Sergio Ermotti plans to step down in April 2027, "firing the starting gun on the race for one of the biggest jobs in global banking."
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