Shearman & Sterling, in partnership with The Legal 500, GC Magazine and FTI Consulting, hosted the “Eye of the Storm: Crisis Prevention and Management Roundtable” in Hong Kong on November 15, 2018.  The discussion was led by Partner Brian Burke (New York/Shanghai-Litigation) and FTI  Consulting Managing Directors Mark Rushton and Sandeep Jadav.  The roundtable session offered in-house lawyers and compliance professionals the opportunity to consider and discuss, in the company of peers, key issues around crisis management in the Asia-Pacific region.

During the session, Brian and attendees discussed:

The key principles to observe, and actions to take, during and after a crisis

• Benchmarking on best-practices for crisis management
• The types of potential crises a company can face – white-collar crime, data privacy breaches, the impact of cyber-squatting – and how to avoid them
• How companies can anticipate and mitigate the likelihood of a crisis before one occurs and how companies can build effective risk and crisis management systems
• How to manage fallout from a crisis in one country to avoid spillover internationally
• Regulators’ expectations in relation to risk assessments and handling crises, risks posed by changing regulations and how and when companies should communicate with regulators in relation to a crisis
• The roles of in-house legal and compliance functions in a crisis