The Network aims to promote collaboration in international financial matters to help facilitate cost-effective resolution of disputes and avoidance of duplicative and inconsistent adjudication of the same matters in different jurisdictions, thus increasing the likelihood of resolving financial disputes in a way that all market participants will find to be substantively and procedurally fair…
As its first order of business, the International Network issued a declaration calling for the need to improve the legal security of financial markets, introduce best practices and promote collaboration of regulators – measures the founding members believe are needed to effectively promote their clients’ interests.
This would be the International Financial Litigation Network, “a group seeking to facilitate effective cross-border representation for clients in global financial disputes,” founded in a Sixth Avenue conference room on Wednesday. They (wisely) decided not to call themselves the International Network for Financial Litigation in the end. But it is about fighting complex, global fraud."
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