Basics of Caremark Almost 30 years ago, the landmark Caremark case established a board of directors' ongoing duty to oversee mission-critical corporate affairs; the failure to perform this oversight may indicate a lack of good faith. In recent years, significant cases such as Marchand, which involved listeria-contaminated ice cream, and Boeing, which involved hastily and carelessly designed planes, have increased the significance of this duty and established some boundaries f

A New Wave of Sovereign Debt Defaults Sovereign debt, or public debt, is an important way for governments to raise capital for growth and development and it is crucial for governments to ensure debt burden remains sustainable. In its 2022 Annual Report, the International Monetary Fund (IMF) warned that "governments are now struggling with rising import prices and debt bills in a highly uncertain environment of elevated inflation and a slowdown in economic growth." A new wave