Law firm bands together to fight global financial crimes
Twenty-two law firms have signed up to participate in an alliance that collaborates on financial litigation against questionable funds and other international financial products. The alliance is called the International Network for Financial Litigation.comments powered by Disqus
The alliance includes law firms from the United States, Colombia, Israel, Macau, Morocco, Turkey and India, as well as from European countries including Spain, Finland, Britain, Luxembourg and Italy. It will be headquartered in New York but run out of Madrid under the leadership of Javier Cremades, chairman of Spanish law firm Cremades & Calvo-Sotelo, a Spanish law firm.
The first goal of the alliance is to exchange information in order to improve and speed up coordination on international litigation. Glen DeValerio, senior partner of US firm Berman DeValerio said in a statement: “We are convinced that coordinating the talent and efforts of litigant firms worldwide shall help to create a framework of international legal security, transparency and market confidence.”