[extract] Concern about the abuse of the corporate form has led to some useful European research, and the topic has received attention from the OECD. Since September 11 2001, we have had greater concentration on the financing of terrorism. This has led to international initiatives which have in turn resulted in domestic legislation. The legal and self regulation adopted by this and recent measures such as the US Sarbanes-Oxley Act of 2002 resulting from collapses such as Enron, is beginning to have an impact on the traditional roles of lawyers. New responsibilities are being imposed on lawyers to act as gatekeepers in domestic and international transactions and on occasion to act as whistleblowers where there is reason to suspect that abuse of the corporate form is facilitating crime or terrorist activities.
Available at: http://works.bepress.com/john_farrar/16/