Dr. Thomas Kaiser-Stockmann, LL.M.
Thomas has been participating actively in the work of the International Bar Association for more than 20 years. He is past Chair of the Closely Held and Growing Business Enterprises Committee, which focuses on corporate law questions regarding start ups, privately owned companies and family enterprises.
Currently, Thomas is a Council Member of the Legal Practice Division of the IBA, where he serves as liaison inter alia for the Life Science and Health Care, Anti-Corruption and Indigenous Peoples Committees. In addition, Thomas supports the work of the Professional Ethics Committee of the IBA as member of its Advisory Board.
This year the annual conference of the IBA took place in Rom in early October. As an advisory member of the Professional Ethics Committee (PEC) Thomas helped to bring about the first PEC retreat in Capalbio the weekend before the annual conference together with Carlo Pavesio from Pavesio e Associati in Turin. The retreat was open to all committee members. As key note speaker Vincenzo Petrone, former Italian ambassador in Tokyo and Sao Paulo and former chairman of Fincantieri adressed members on the challenges of the new Italian government towards the EU.
The traditional round table breakfast for alumni of the London School of Economics during the annual conference this year was kindly supported by alumnus Rino Caiazzo, Founding Partner of CDP & Associati. Professor Angello Cardani, Chairman of Italian Electronic Communication Authority adressed some 30 alumni from all over the world on “The regulator intervention on Big Data between competitive dynamics and information pluralism”. As in the past Thomas moderated the event.
The next Annual Conference in 2019 will take place in the high-tech metropole Seoul, connecting tradition and innovation. We look forward informing you about the latest developments taking place there.
During this years’ IBA Annual Conference in Sydney Dr Thomas Kaiser-Stockmann was panelist representing the Professional Ethnic Committee (PEC) of a working session hold on the 12th of October, dealing with the topic of whether and under which conditions e-mail communication (in the context of business activities) may constitute fraudulent actions.
Generally presented by the Banking Law Committee and the Cybercrime Subcommitee, the main question was how one could react to a situation where someone acts as if he/she was the CEO of one company in order to invoke a payment from another one. Besides general training of employees and an emplacement of a sufficient security system the focus lied on possible ways to deal with such a situation with regards to a disposition of responsibilities between the companies or other parties involved (such as service providers) if the aforementioned measures are not met. Another point of interest was the question of reimbursement regarding the loss of money in relation to the acting banks.
The discussion can be seen as a contribution to the ongoing disputes about cyber security and the resulting risks for companies potentially leading to sufficient guidelines to prevent own liability. Thomas is therefore glad to have had the opportunity to be part of the discussion and the IBA Conference giving the overall framework.
The next Annual Conference in 2018 will take place in Rome. Thomas will also participate in the first retreat of the Professional Ethnic Committee (PEC) kindly supported by Carlo Pavesio from Pavesio e Associati based in Turin.
Impressions from the IBA Annual Conference 2017 in Sydney – Working session: “Business E-mail Compromise Fraud"