Aims and Objectives

The Aims and Objectives of the network are:

1. For members to be referred foreign commercial clients who wish to do business in their countries.

2. For members to keep existing commercial clients who need overseas referrals and who will go elsewhere if this resource is not provided.

3. To market member firms as having international commercial expertise and/or international connections.

4. For members to win new commercial clients who seek overseas referrals because the clients´ own lawyers do not have access to such international resources.

5. For members to be able to find out easily about local laws and trading practices abroad.

6. For members to exchange information about developments in areas of the law with cross-border interest ie trade, joint ventures, corporate acquisitions and investments.

7. For members to facilitate trainee exchange schemes.

8. For members to embrace the use of modern technology as a means of communication between members and the wider international business community and for member firms to demonstrate a strong web presence with their own website.

9. For members to meet the LAWorld Code of Practice established by the membership.

10. For members to be part of Regional Desks within LAWorld. There are regional desks in Europe/Middle East, North/Latin America and Asia Pacific. Regional meetings take place regularly and within the Annual Conference.  Reports of meetings are circulated to all members.  These events encourage stronger friendships and collaboration between firms.  

Eligibility for membership

11. Any firm of qualified lawyers anywhere in the world can apply for membership if it meets the membership criteria and there is a vacancy for that location/jurisdiction. LAWorld will accept membership of more than one firm from any one location/jurisdiction, where the LAWorld Committee believes that geographic or population factors would accommodate more than one member, or where existing members are or have become specialised, in which case complementary members may be invited to join.

12. Those who join this network commit themselves to take advantage of internet based technology and use it to improve communication with other members, actual or potential clients and other introductory sources.

Developing the network

The network will endeavour to create awareness amongst all members of other members´ areas of expertise. The nature of such programs will be determined by the members from time to time but include:

13. An Annual Conference, to which all members are expected to attend. This event is held every year in a different part of the world on a rotational basis ie Europe, Asia/Pacific, North and Latin Americas. The 2009 Conference was held in Miami, 2010 Moscow, 2011 Beijing, 2012 Rio de Janeiro, 2013 Zurich and 2014 will be held in Hong Kong.

14. Networking opportunities with other professionals around the world.

15. A web page on the internet within the LAWorld website (www.laworld.com) for each member firm - available for access by all members and prospective clients and linked to members´ own websites.

16. Inclusion within the LAWorld entry in Martindale-Hubbell International Law Directory.

17. LAWorld will support the host firm to organise a business meeting with local referrers and potential clients during Conference, to allow members to meet and mix with potential international referrers and future clients. Invitees may include Trade Organisations/Chamber of Commerce/Enterprise Agency representatives and members, Foreign Embassies representatives etc.  

18. Membership Bulletins can be produced by the Executive Office to provide member information to other members (including client activities and business opportunities). 

19. To coincide with IBA Conferences, LAWorld members can be assisted by the Executive Office to arrange meetings with regional trade associations, chambers of commerce etc whose members may be interested in doing business via the LAWorld member firm.

20. Unique amongst international legal networks, LAWorld members have access to legal and commercial opportunities throughout China, through our associate group of 28 Chinese law firms which cover the country (http://www.chinayln.com/). 

21. A client newsletter, with common international legal news, may be distributed from time to time so that members have a marketing tool to distribute to clients and contacts promoting their extensive international legal credentials.

22. A LAWorld Corporate brochure for clients and introducers will be produced centrally from time to time. 

Fees

23. Each member shall pay the annual membership fee of USD 2,500 

24. A once only joining fee of USD 500 will be paid to contribute towards the expenses associated with a new firm joining our network.

25. The network is an informal association, ie an International Economic Interest Grouping.

26. Members do not normally specialise in just one area of law but rather provide a full range of legal commercial services in order to broadly satisfy clients´ needs.

Management

 27. Members of the Committee are appointed at the annual conference to run the affairs of the network.  A Chair is elected for a term of 2 years. Within the Committee there is a Regional Director for Europe, North and Latin America and Asia/Pacific, all of whom are unpaid.  The Committee has appointed an Executive Director who is responsible for the day-to-day activities and promoting the network.

UPDATED OCTOBER 2013

LAWorld News

Activism continues to grow and be a force in corporate America and beyond

Shareholder activism continues to enjoy widespread credibility as an asset class unto itself and New York law firm, Olshan Frome Wolosky LLP and its Activist & Equity Investment Practice are excited to again be partnering with publisher Activist Insight, who produce the most comprehensive information source on activist investments worldwide.  

Half-Year Review 2015 shares unique insights and takeaways from the 2015 Proxy Season and looks at what lies ahead for this dynamic and vibrant space.  "By all accounts, 2015 is the year shareholder activism has cemented itself as the 'new normal' in corporate America." say Olshan partners - Steve Wolosky and Andrew Freedman.

Indeed, Olshan clients continued to make headlines in some of the most prominent activist campaigns of 2015.  Notably, Olshan advised H Partners in its successful, precedent-setting withhold campaign against Tempur Sealy, helped Marathon Partners win Board seats at Shutterfly in a contest that saw the largest negative say-on-pay vote in recent years, and led Engaged Capital's proxy fight at Rovi Corp. where the Chairman was ousted.

Already the law firm that advises on the largest number of public campaigns, Olshan says the number of campaigns it has worked on has risen 20% in 2015.

Commenting on the report, Activism Monthly editor Josh Black said, "Activism has continued to be a powerful force in corporate life in 2015. With M&A at elevated levels, new strategies are opening to activists who either feel that companies should seek a buyer, or that deals involving companies companies they are invested in undervalue their stakes."

The US continues to be the global hotspot for activism, with 216 companies subjected to public demands by activists in the first half of 2015. However, with 31 activist targets in Europe (including Vivendi, Alliance Trust, and Bilfinger Berger), 21 in Canada and 10 in Asia (e.g. Fanuc, Samsung C&T) in the past six months, activism continues to be a global phenomenon.

To date in 2015, Olshan has already advised on 46 activist campaigns, delivered 40+ nomination letters, negotiated 30 settlements, and has helped clients get board seats at 34 public companies.  

Where Starboard-Darden was the most widely-followed contest of 2014, this year it was Trian-DuPont. Trian was ultimately defeated (just barely) in its high-profile proxy contest at DuPont. For 2015, the proportion of activist demands that were at least partially satisfied is slightly higher than at the same point last year (2015 = 67%, 2014 = 65%). However, with half the demands made in the first six months of this year still yet to be resolved, there is considerable scope for that figure to change.  But the Trian-DuPont outcome is unlikely to stop activists from targeting more companies next year, however, with assets under management for funds with a dedicated focus on activism increasing to $160 billion in 2015. The total amount of money invested globally in "active" positions is around $308 billion, according to the data.

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Upcoming Events

LAWorld Annual Conference (Cape Town) from 5pm on Tuesday the 5th of April, 2016 to 2pm on Friday the 8th of April, 2016

Europe/Middle East Regional Meeting and Lawyers Next Generation (Bratislava) from 5pm on Friday the 5th of February, 2016 to 5pm on Saturday the 6th of February, 2016

North and South America Regional Meeting (Miami) from 6pm on Wednesday the 11th of November, 2015 to 2pm on Friday the 13th of November, 2015

Europe/Middle East Regional Meeting and Lawyers Next Generation (Milan) from 5pm on Friday the 18th of September, 2015 to 5pm on Saturday the 19th of September, 2015

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