PART-
VI. 36. Match the following
1) Shi HS Wage
2) Prophet Mohammed
3) Prince Henry
4) Martin Luther
5) Lenin
NEP
"Twer Murni festo of Reformation
Hicomanabler od B
Great Wall of China
"The Nation
Answers
The House of Lords judgment in Prince Jefri Bolkaih v KPMG has caused a significant amount of discussion within the professional community. So what are the implications in relation to confidentiality and the use of Chinese walls? Should thick walls be constructed or are these just waiting to be blown down by one note from a judicial trumpet?
The case
Prince Jefri, the Sultan of Brunei’s brother, had been a client of KPMG. Shortly after the end of this retainer, the government of Brunei appointed a task force, which included KPMG, to investigate the activities of the Brunei Investment Authority (BIA). The Prince was a former Chairman of the BIA. KPMG took the view that there was no conflict of interest between this new appointment and Prince Jefri's previous work as he was no longer a client. Although KPMG set up procedures to stop any flow of information relating to Prince Jefri's instruction, they did not seek the Prince’s consent to taking instructions from the BIA. On finding out about KPMG’s new instruction, the Prince applied to the High Court for an injunction to restrain KPMG from acting. The High Court granted the injunction, KPMG appealed and won. Prince Jefri then went to the House of Lords and, like the High Court, it granted the injunction