How is the ESG Landscape Affecting Withholding Tax and Securities Class Action Recovery?

Len Lipton (GlobeTax Managing Director), Ali Kazimi (Hansuke Managing Director), and Jeff Lubitz (ISS Securities Class Action Services Managing Director) weigh-in in a newly-released Journal of Securities Operations & Custody (JSOC) article titled ‘The art of the recovery: How the changing ESG landscape adds alpha — and risk — to securities class action and foreign withholding tax recovery.’

The abstract summarizes the content: “Securities class action recovery and foreign withholding tax reclamation drive investment performance for investors and provide a competitive advantage for financial institutions that offer robust services. Emerging environmental, social, and governance trends offer enticing new opportunities for increasing returns from these services while adding complexity and risk for asset servicing professionals. This paper summarises both the emerging opportunities and wider changes in the regulatory landscape, concluding with considerations for restructuring asset servicing business models to adapt to the shifting landscape.”

The full article is available to JSOC subscribers here