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Tuesday - 2020/10/20
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In Pliny’s Shoes

“In Pliny’s Shoes” is a blog we will be publishing in inhousecommunity.us dedicated to the world of in-house counsels. Our objective is to create a space where to find out more about the work of general counsels and current legal topics thanks to the experience, the voice and the pen of Ricardo Cortés-Monroy, the worldwide chief legal officer at the Nestlé Group headquartered in Switzerland, during 2010-2019. Ricardo is currently a senior vice president at Nestlé and pursues as well a Classical Antiquity master degree at The Open University in the UK. He lives in Blonay, in the French part of Switzerland together with his family.

by Ricardo Cortés-Monroy «His only fault is that he has no fault» is the famous quote that, allegedly, Pliny the Younger stated in the first century A.D. (for the purists: I have not been able to find it in his surviving

(by Ricardo Cortés-Monroy) « Amicitiae tam superiores quam minores » (Pliny the Younger, Letter 7.3). When a couple of weeks ago I was deepening my study of the Roman institution of patronage, I encountered this revealing phrase of Pliny the Younger.

As the economic and business pandemic driven multi-faceted difficulties become part of a revised “new normal”, many General Counsel continue to face new challenges in their day-to-day operations.

The staggering, shocking, figures we have seen the last days reveal an unprecedented rise of unemployment in most economies in the world.

The season of Q1 2020 results, earnings calls, investors updates and -crucially- forward looking statements has started in earnest for listed companies. The past few days have seen some and the upcoming weeks will see a myriad more.

by Ricardo Cortés-Monroy Gratias tibi sounds like an appropriate way to start this new column. Gratias tibi LC Publishing Group for keeping the in-house community and the legal profession connected. Gratias tibi for providing many of us with thought provoking platforms

 

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