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Stefan Stern argues these days a legal defence alone can prove no defence.
Last month the 67th annual oil and gas conference was held by the Center for American and International Law in Houston. Lucky delegates got to hear from a special guest speaker – CFO magazine’s chief financial officer of the year, 2000. The speaker displayed the trophy he had received for his work, and then held up another item – a red prison ID card. He had been given both these things, he remarked, for the same activity – doing deals for Enron, the collapsed energy company.
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