Results 1-10 of 597
23 May 2018
There have, over the last year, been clear signs of a sustainable revival in the securitisation markets. Even though the Securitisation Regulation does not apply until next year, there has already been a notable increase in the use of securitisation techniques,...
22 May 2018
Strong presidential campaign rhetoric may be an indicator of future increased anti-corruption enforcement activity, both in Mexico and the US, when the new administration takes office in Mexico. The following is a discussion of key considerations for foreign companies...
DOJ Announces Policy to Discourage Law Enforcement Agencies and Regulators from “Piling On” Duplicative and Parallel Penalties
21 May 2018
On May 9, 2018, Deputy Attorney General Rod Rosenstein announced that the United States Department of Justice ("DOJ") would implement a new policy discouraging regulators and law enforcement agencies engaged in parallel investigations from "piling...
New York Court Holds that Market Makers Trading With Each Other in Decentralized Financial Markets can be Prosecuted Criminally for Antitrust Violations
14 May 2018
On May 4, 2018, a federal district court in New York permitted criminal charges to go forward against three former currency traders accused of colluding to rig prices of currency pairs in violation of Section 1 of the Sherman Antitrust Act. In United States v....
Back to the Future... Secondary Sanctions Return as White House Withdraws United States from JCPOA; Reinstates 'Highest' Sanctions on Iran
9 May 2018
On May 8, 2018, President Trump announced his decision to withdraw the United States from the Joint Comprehensive Plan of Action (JCPOA) and issued a National Security Presidential Memorandum (NSPM) directing the US Treasury Department and other federal agencies...
3 May 2018
Initial coin offerings or ICOs are growing rapidly. Essentially a method of crowdfunding facilitated through blockchain and cryptocurrency technologies, ICOs are reported to have raised almost $10 billion globally from the start of 2017 despite being denounced...
U.S. Supreme Court Closes Door to Human Rights Lawsuits against Foreign Corporations under the Alien Tort Statute
26 April 2018
On April 24, 2018, the Supreme Court held in Jesner v. Arab Bank, PLC that foreign corporations may not be sued in U.S. courts for human rights violations under the Alien Tort Statute ("ATS"). For nearly four decades foreign plaintiffs have used the ATS...
24 April 2018
Earlier this month, Facebook CEO and Founder Mark Zuckerberg testified before Congress regarding Cambridge Analytica's alleged misuse of the data of approximately 80 million US residents with Facebook accounts. During the course of nine hours at two Congressional...
Clifford Chance Advises FDN on the Creation and Negotiation of an Innovative Credit Line to Facilitate Lending in Colombian Pesos by International Financial Institutions
24 April 2018
Clifford Chance acted as New York counsel to the Colombian development bank Financiera de Desarrollo Nacional S.A. ("FDN") (as lender) in connection with the structuring and negotiation of a New York law-governed COP600 billion (approx. US$220 million) loan facility...
The US Imposes Sanctions on Certain Russian Oligarchs, Prominent Companies, and Government Officials in Response to Ongoing 'Worldwide Malign Activity'
9 April 2018
On April 6, 2018, the US Office of Foreign Assets Control (OFAC) listed 38 individuals and entities as Specially Designated Nationals (SDNs) under existing Russia and Syria-related sanctions authorities in response to ongoing Russian activity against US interests...