Mergers may lead to certain competitive harms that are prohibited by virtually every merger control regime in the world. To avoid the outright prohibition of a transaction that is expected to both raise several competition concerns and create pro-competitive efficiencies, the transaction may be...

A range of legal regimes from employment law to corporate and securities law foresees a reduction or elimination of “enterprise liability” for organizations that can demonstrate the existence of “effective” internal compliance structures. The pervasiveness of corporate conduct codes and...