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Emerging Issue – Business Law


A non-profit organization has initiated a derivative action against Shell for failure to mitigate and manage against climate risk. This action raises the question whether a derivative action can be initiated for failure to comply with climate initiatives. The not-for-profit organization released statement on the action – the organization brought the action under the U.K. Companies Act – the courts in Canada allow for these lawsuits to be initiated in a similar fashion. Law360 Canada provides a summary of the pending lawsuit below

The Legal Brief is a newsletter focusing on some of the most topical news items and resource recommendations for handling emerging legal issues. Resources referenced below can be downloaded in PDF format or accessed in product for a more integrated experience and extra functionality.

 

Emerging issue Resource In-product link PDF version
Derivative claims against directors for alleged climate change mismanagement Derivative claims against directors for alleged climate change mismanagement Law360 link N/A
Resource Kit – Environmental, Social, and Governance Practical Guidance PDF download 
Business and Human Rights as Law – The Evolution of Corporate Responsibility Lexis+ PDF download 
ESG Rating – Shell Midstream Partners LP: CSRHub ESG Ratings Diligence PDF download 
Official Statement – Green-fund naming threshold doesn’t sway ESMA stakeholder group MLex PDF download 
ESG Comment Letters (Example) – Environmental Climate Change Intelligize PDF download 

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The Legal Brief is a newsletter exclusive to LexisNexis users. It contains current topical news items and recommendations for handling emerging legal issues. It leverages the full breadth and depth of Lexis Advance® Quicklaw® insights providing links to practical, up-to-date information that can help you prepare for the current legal issues and cases you are working on.