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:
“No law can possibly meet the convenience of every one: we must be satisfied if it be beneficial on the whole and to the majority.”
—Titus Livius (Livy)
“Nor has science sufficient humanity, so long as the naturalist overlooks the wonderful congruity which subsists between man and the world; of which he is lord, not because he is the most subtile inhabitant, but because he is its head and heart, and finds something of himself in every great and small thing, in every mountain stratum, in every new law of color, fact of astronomy, or atmospheric influence which observation or analysis lay open.”
—Ralph Waldo Emerson (18031882)
“Trust me that as I ignore all law to help the slave, so will I ignore it all to protect an enslaved woman.”
—Susan B. Anthony (18201906)