Law & Regulation

The Mexican Pacific resort of Zihuatanejo recently cancelled a major new cruise ship terminal, giving a victory to environmental activists and other opponents. However, Mexico remains the world's Number One cruise ship destination; and with little regulation, allegations of onboard crime, and increasing militarization as regards security while ships are in port, the rapidly expanding industry is facing new challenges. Read More

Residents of Bhopal, India continue to suffer from Union Carbide's toxic legacy, this time in the form of toxic waste that still languishes inside a shoddy warehouse on the old factory grounds. Ailments such as cleft palates and mental retardation are appearing in numbers of Bhopali children, raising questions about contaminated soil and groundwater, clean-up, and liability. Read More

Sending shockwaves through the Swiss financial industry, banking giant UBS is facing accusations from a former senior banker in US courts of massive fraud and corruption. UBS is alleged to have engaged in routine activities aimed at helping its high net worth clients evade hundreds of millions of dollars in taxes, among other matters. Read More

The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the Exxon Valdez disaster to $500 million, a decision that could have broader implications for limiting how much courts can order businesses to pay. Read More

The House on Friday overwhelmingly approved a bill overhauling the rules on the government's wiretapping powers and conferring what amounts to legal immunity to the telephone companies that took part in President Bush's program of eavesdropping without warrants after the terrorist attacks of Sept. 11, 2001. Read More

The Federal Trade Commission is asking the Supreme Court to reject Altria Group Inc.'s argument that only that agency can regulate cigarette advertising, saying such an interpretation mischaracterizes the FTC's "scope and effect" on the issue. Read More

Europe this month rolled out new restrictions on makers of chemicals linked to cancer and other health problems. The changes follow eight years of vigorous opposition from the U.S. chemical industry giants like DuPont, and the Bush administration. Read More

Now, the next generation of Tisches has removed tobacco from the portfolio of the conglomerate they lead, the Loews Corporation, spinning off its tobacco unit, Lorillard, as a stand-alone business, with the Newport brand representing more than 90 percent of the new company's revenue. The new stock began trading Tuesday, and analysts have said the new company might be a takeover target. Read More

Competition Commissioner Neelie Kroes of the European Union delivered an unusually blunt snub to Microsoft on Tuesday by recommending that businesses and governments use software based on open standards. Read More

Mr. Ripp's journey from whistle-blower to defendant is another example of the long shadow cast by the AOL-Time Warner merger, now widely regarded as one of the most disastrous corporate marriages in history. It is also a cautionary tale for corporate executives who may illuminate fraudulent conduct to one government agency but then find themselves a target of another. Read More