Chinese wall

Chinese wall
n.
A policy used by securities firms that prevents all departments from accessing nonpublic information in order to prevent insider trading and self-dealing.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


Chinese wall
Chinese wall, Also known as an ethical wall. Arrangements within a business whereby information received in one part of a business is withheld from another part of the business. These arrangements are of particular relevance within financial institutions which deal in shares both as agent and principal. Chinese walls may also be used in very limited circumstances within solicitors' firms.
+ Chinese wall
USA
An ethical barrier to prevent the flow of information in a business. Often a Chinese wall is put in place to separate the flow information from people making investment decisions and people with access to non-public information about those investments. Chinese walls are also used as a barrier in law firms if attorneys of the same firm have clients with conflicting interests.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


Chinese wall
n. A process for avoiding conflicts of interest by limiting disclosure of information to certain attorneys or individuals within a firm or corporation, thereby building a metaphorical wall between the holders of information and colleagues who represent interests or hold opinions which conflict. Also known as a ethical wall.

Webster's New World Law Dictionary. . 2000.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Chinese Wall — Album par Philip Bailey Sortie 1984 Durée 50:17 Genre Pop Producteur Phil Collins Label Columbia Records …   Wikipédia en Français

  • Chinese wall — n. [after CHINESE WALL] any barrier that isolates a person or group, as one that hinders a free flow of information …   English World dictionary

  • Chinese Wall — n. GREAT WALL OF CHINA …   English World dictionary

  • Chinese wall — For other uses, see Chinese wall (disambiguation). In business, a Chinese wall or firewall is an information barrier implemented within a firm to separate and isolate persons who make investment decisions from persons who are privy to undisclosed …   Wikipedia

  • Chinese Wall — A Chinese Wall separates two departments within an investment bank to ensure that conflicts of interest do not arise. London Stock Exchange Glossary * * * Chinese wall Chi‧nese wall [ˌtʆaɪniːz ˈwɔːl ǁ ˈwɒːl] noun [countable usually plural]… …   Financial and business terms

  • Chinese wall — Communication barrier between financiers (investment bankers) and traders. This barrier is erected to prevent the sharing of inside information that bankers are likely to have. The New York Times Financial Glossary Communication barrier between… …   Financial and business terms

  • Chinese Wall — The ethical barrier between different divisions of a financial (or other) institution to avoid conflict of interest. A Chinese Wall is said to exist, for example, between the corporate advisory area and the brokering department of a financial… …   Investment dictionary

  • Chinese Wall — Das Wort Chinese Wall (englisch für: Chinesische Mauer) ist neben Great Wall of China die englische Bezeichnung für die Chinesische Mauer, eine antike Befestigungsanlage in China ist ein Begriff aus der Finanzwelt, mit dem die Trennung… …   Deutsch Wikipedia

  • Chinese Wall — noun A barrier of silence and secrecy established within an organization in order to cope with confidentiality requirements. I concur in the opinion of Justice Haning, but write separately to comment on the apparently widespread use of the term… …   Wiktionary

  • Chinese wall — noun Etymology: Chinese Wall, a defensive wall built in the 3d century B.C. between China and Mongolia Date: 1900 a strong barrier; especially a serious obstacle to understanding …   New Collegiate Dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”