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© 2026 International In-house Counsel Journal Ltd. | ISSN 1754-0607 | Picture Credits: Freepix, Unsplash and by permission of the authors

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Corporate Conglomerates: The Rise and Demise (?) of ESG and DEI in Corporate America
DiscriminationBanking & Finance
The terms ESG and DEI are both catch words for positive social change and, more recently, highly controversial terms; in each case they can impact the financial condition of corporations....Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
Can a General Counsel’s Achievements Live on Post-Retirement? A Personal Story
ManagementBanking & Finance
The following is a personal story based on my own experience as a General Counsel of a foreign bank (the “Bank”) operating in the United States. I joined the Bank...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
Corporate Conglomerates: Advantages, Disadvantages, Successes and Failures, Including Case Studies of General Electric and Berkshire Hathaway
Corporate GovernanceBanking & Finance
This article discusses the rise and fall of corporate structures commonly referred to as “conglomerates.” They represent a collection of different companies, either in distinct industries or concentrated in one...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
Proposed FDIC Guidelines with Impose New Responsibilities on Directors of FDIC-Insured Banks
RegulationBanking & Finance
On October 11, 2023, the Federal Deposit Insurance Corporation (the “FDIC”) issued proposed mandatory Guidelines (the “Guidelines”) concerning the roles and responsibilities of directors of banks whose deposits are insured...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
Certain Regulatory Reporting Requirements for a Foreign Banking Organization in the United States
RegulationBanking & Finance
My former employer of thirty-three years is a Japanese financial institution (the “Bank”) and is subject to comprehensive regulation in the United States at both the Federal and State levels....Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
U.S. Plays Catch-up to Close Long-Standing Gaps in Anti-Money Laundering Laws: Part Two: Focus on Real Estate Transactions
Money LaunderingBanking & Finance
Part One of this Article focused on the U.S. Government’s anti-money laundering/contra terrorist financing (“AML”) efforts, certain deficiencies in the 2001 USA Patriot Act, which was enacted following the terrorist...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
U.S. Plays Catch-up to Close Long-Standing Gaps in Anti-Money Laundering Laws: Part One
Money LaunderingBanking & Finance
The U.S. Government finally seems to begin focusing on closing long-standing and significant gaps in existing anti-money and contra-terrorist financing laws (together, “AML”) that have been in existence for nearly...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
One Company’s Response to the COVID-19 Pandemic
ManagementBanking & Finance
I first learned about a strange new virus emanating from Central China during a business lunch meeting in Tokyo in mid-January 2020. My Japanese colleague knew few details about the...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
Critique of the U.S. Department of Justice Evaluation of Corporate Compliance Programs
ComplianceBanking & Finance
On April 30, 2019, the U.S. Department of Justice, Criminal Division (the “DOJ”) published updated guidance (the “DOJ Guidance”) on the evaluation of a company’s corporate compliance program (a “CCP”)....Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
Compliance with New Anti-Money Laundering Requirements in New York State
ComplianceBanking & Finance
Anti-money laundering requirements, specifically those prohibiting the funding of countries and entities subject to U.S. sanctions laws, continue to be a top priority of bank regulatory agencies in the United...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA
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