Skadden Arps – After nearly two decades, the United States has formally ended economic sanctions on Burma (Myanmar). Citing substantial efforts undertaken to promote democracy, President Barack Obama issued an executive order, on October 7, 2016, terminating the declaration of the national emergency under which the Burma sanctions program had been authorized and revoking the […]
Blank Rome – Licensed gaming and other entities required to comply with the Bank Secrecy Act should be aware of this recent FinCEN enforcement action, and they must ensure that their compliance programs address the lessons outlined in this Alert. Background On October 3, 2016, the Financial Crimes Enforcement Network (“FinCEN”) assessed a civil monetary
Winthrop & Weinstine – Has your banking organization conducted its annual review of its electronic banking agreements? If you haven’t, your organization may want to consider whether revisions are required to your bank’s deposit agreements, online banking agreements and other electronic banking services agreements in light of increased activity from financial aggregator websites. What are financial aggregators?
Reduce Risk Posed by Financial Aggregators and Cyber Attacks Read More »
Skadden Arps – On September 20, 2016, Skadden presented a seminar titled “Government Enforcement Investigations – Trends and Perspectives from the UK, US and China” in London. The UK Financial Conduct Authority (FCA) Director of Enforcement and Market Oversight Mark Steward gave introductory remarks. A panel discussion followed, moderated by Keith Krakaur, who heads Skadden’s
Skadden Seminar on Government Enforcement Investigations in UK, US and China Read More »
Arnall Golden Gregory – Tenet Healthcare Corporation, an investor-owned healthcare services company based in Texas, and two of its Atlanta-based subsidiaries have entered into an agreement with the government to resolve criminal charges and civil claims stemming from a scheme to defraud the United States and to violate the Anti-Kickback Statute (AKS). Under the agreement,
The Tenet Healthcare $513 Million Criminal Charges Settlement Read More »
Schumaker Loop & Kendrick – The lawsuit against the NCAA over whether Division I men’s basketball and football players can be compensated for the commercial use of their names, images and likenesses came to an abrupt end on Monday as the U.S. Supreme Court denied petitions by both O’Bannon and the NCAA to review the
Compensation for the Commercial Use of Footballer Names Read More »
Clyde & Co – A recent Federal Court of Australia judgment highlights the predicament faced by directors being pursued in civil proceedings when there is the prospect that they may be facing criminal prosecution for offences arising out of substantially the same conduct. Background This scenario is most frequently encountered in the context of civil
Australian Directors Caught Between a Rock and A Hard Place Read More »
Allen & Overy – On 3 July 2016, the Market Abuse Regulation (596/2014/EU) (MAR) came into force. Even though guidance and clarity from the European Securities and Markets Authority is still awaited in relation to certain key aspects of MAR, in-house lawyers at financial institutions still need to be ready to manage and advise on
New EU Market Abuse Regime Creates A Long Road to Navigate Read More »
Sidley.com – The Second Circuit reversed a jury verdict of US$147 million after trebling and dismissed antitrust claims against a Chinese manufacturer of vitamin C, ruling that the case should have been dismissed by the district court on a motion to dismiss, which was filed just over 10 years earlier. The district court had permitted
Buchalter Nemer* – From May 30 to June 3, 2016, I represented the Pacific Council as an official observer at pre-trial hearings for Khalid Sheikh Mohammed (KSM) and four other alleged masterminds of the World Trade Center and Pentagon attacks of September 11, 2001. They are charged with war crimes under the Military Commissions Act
