Law
Chinese Walls are used in law firms when one part of the firm, representing a party on a deal or litigation, is separated from another part with contrary interests or with confidential information from an adverse party. In the United Kingdom, a law firm may represent competing parties in a suit, but only in strictly defined situations and when individual fee earners do not act for both sides In the United States, at least in Ohio, it is illegal for members of the same law firm to represent both sides of a legal conflict regardless of whether the individuals communicate about the case. To do so is considered a conflict of interest and can result in disciplinary action against the attorney or the firm that employs him or her. Even Legal Aid cannot represent both sides of a conflict.
Read more about this topic: Chinese Wall
Famous quotes containing the word law:
“I sat on cushioned otter-skin:
My word was law from Ith to Emain,
And shook at Invar Amargin
The hearts of the world-troubling seamen,
And drove tumult and war away....”
—William Butler Yeats (18651939)
“Were the victims of a disease called social prejudice, my child. These dear ladies of the law and order league are scouring out the dregs of the town. Cmon be a glorified wreck like me.”
—Dudley Nichols (18951960)
“The times have changed. Why do you make a fuss
For privilege when theres no law of form?”
—Allen Tate (18991979)