Failure Is Just The Cost Of Success

Matthew Homan has what he tongue-in-cheek describes as “Idea Surplus Disorder.”  He’s never short of good ideas. Here is one of his better LinkedIn posts. Paralysis due to fear is one of the leading impediments to productive innovation.

Leaders, start reframing failure as “tuition.”

Tell your teams you’re happy to pay tuition to learn a lesson, but make it clear that you’re not willing to pay to take the same class twice. 

It will encourage your team to experiment and

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PRC Court Pierced the Veil of Co-insurance and Found Reinsurance Relationship Established Between the Insurers

By Jia WAN

In a recent case published by Beijing Financial Court (the “BFC”), which was represented by AnJie Broad and classified as one of the typical financial cases for the year of 2022, the BFC pierced the veil of “co-insurance”, and confirmed that reinsurance legal relationship was established between two insurers.

The dispute arose out of the “co-insurance agreement” entered by PICC and China Life where the two insurance companies had disagreement as to the amount that PICC should … Read the rest

Julien Gracq pour la rentrée

La forme d’une œuvre, c’est une exposition épatante consacrée à Julien Gracq par la Bibliothèque nationale de France (site Tolbiac, jusqu’au 3 septembre). L’ermite de Saint-Florent-le-Vieil (1910-2007) qui n’aimait pas « faire visiter les cuisines aux invités » a légué un fonds de quinze mille feuillets à la BnF. On admire moult manuscrits, l’écriture appliquée du bon élève (professeur, normalien, agrégé) des photographies, témoignages. Dernières volontés obligent, il faudra attendre 2027 pour connaitre les secrets de trente cahiers inédits de notules. A … Read the rest

Three Arrows Capital Co-Founder Avoids Contempt and Sanctions in United States, But Bankruptcy Court Previews Worldwide Enforcement Options

On June 27, 2022, Three Arrows Capital (“3AC”), a crypto hedge fund, commenced liquidation proceedings in the British Virgin Islands and thereafter filed recognition proceedings in, among other countries, the United States and Singapore.  As we discussed earlier this year, on December 2, 2022, the bankruptcy court presiding over 3AC’s chapter 15 proceeding pending in the Southern District of New York held that the 3AC joint liquidators (the “JLs”) could serve a subpoena (the “U.S. Subpoena”) upon a 3AC cofounder, … Read the rest