The group of individuals that Chinese clothing maker Manta Industries Ltd. wants to hold liable for a $3.8 million judgment asked a New York federal judge to throw out the claims against them on Tuesday, calling the complaint a “meritless strike suit.”
The European Union should not pursue a Brexit policy that imposes a punitive trade agreement on the U.K. after it leaves the bloc, top British government officials said Tuesday amid claims such a move would find the EU excluded from Britain's financial services.
U.S and European Union officials on Tuesday detailed the litany of unfinished business in the Transatlantic Trade and Investment Partnership negotiations, which face an uncertain future as the Obama administration prepares to hand the baton to President-elect Donald Trump this week.
A senior U.K. lawmaker said Tuesday that Britain will not abandon incoming European Union banking reforms as the country seeks to shield its multibillion-dollar financial technology sector from Brexit-related disruption.
DLA Piper has added an antitrust litigator previously with O’Melveny & Myers LLP as its head of investigations and its head of antitrust and competition in Asia, the firm has announced.
U.K. Prime Minister Theresa May on Tuesday outlined plans for a clean break from the European Union, including its single market for goods and services and the jurisdiction of the European Court of Justice, but held out hope for possible transitional arrangements for legal and financial services.
Seven major European banks have joined forces to create a blockchain-powered, cross-border trade financing platform for small and medium-sized companies in Europe, one of the biggest financial technology initiatives of its kind.
Chilean-based chemical and mining company Sociedad Quimica y Minera de Chile SA has agreed to pay more than $30 million to resolve criminal and civil allegations of violating the Foreign Corrupt Practices Act by funneling more than $15 million to Chilean political figures and associated entities, the U.S. Department of Justice said Friday.
A California telecommunications products company Thursday urged a California judge to ax counterclaims from a former business partner in a breach of contract case, saying the claims of fraud, forgery and misappropriation of trade secrets fail to meet basic pleading requirements.
More than 100 agriculture and other commerce groups on Friday urged President-elect Donald Trump to forge ahead with President Barack Obama’s efforts to normalize trade with Cuba as a group of bipartisan Congress members co-sponsored a bill earlier this week to lift a decades-old embargo on the island nation.
With President Barack Obama taking one final strike at Russia for its purported tampering in the U.S. election and President-elect Donald Trump facing a slew of explosive allegations of Moscow-related impropriety, sanctions attorneys have been left grasping at straws regarding what comes next in the two countries' fractious relationship.
President Barack Obama on Friday signed an executive order that recognizes a marked reduction in offensive military activity by the government of Sudan against its own people and lifts some sanctions against the African nation, after 20 years of hostile relations between Sudan and the United States.
U.S. and European Union officials said Friday they have completed a bilateral agreement designed to place their insurers and reinsurers on equal footing by eliminating duplicative regulations and axing collateral requirements for EU reinsurers doing business in the U.S., among other measures.
The U.S. government Thursday announced sanctions against a Syrian technology company it claimed has been involved in the Syrian government’s missile and chemical weapon programs.
Counsel for Hanjin Shipping Co. urged a New Jersey bankruptcy court on Thursday to approve the Korean courier’s bid to sell its U.S. assets, including equity interest in a financially distressed operator of port terminals, for $78 million, saying it’s the best deal for Hanjin and its creditors, despite several of their objections.
American attorneys are allowed to advise foreign clients about U.S. sanctions law, the Department of the Treasury said in a clarification Thursday.
Indiana-based medical device company Zimmer Biomet Holdings Inc. agreed on Thursday to pay more than $30 million in penalties for violating the Foreign Corrupt Practices Act after a compliance monitor said its predecessor company had breached a prior bribery settlement with U.S. authorities.
A Florida federal judge ordered Fresh Del Monte Produce Inc. and a Costa Rican juice company to provide more details about pineapple purchases that Del Monte asserts are illegal, saying Monday that he wouldn't contemplate halting the sales until he has precise dates and quantities relevant to the decision.
Purchasers of Korean ramen noodles alleging a price-fixing conspiracy on Thursday became the latest to ask a California federal judge to consider a recent Ninth Circuit decision that affirmed class certification for a group of consumers without them demonstrating a reasonable way to identify members of the class.
The U.S. Treasury Department walloped 18 Syrian officials with sanctions Friday, marking the first time the government has blacklisted specific individuals within the embattled Middle Eastern nation for state-coordinated chemical weapons attacks against civilians.
Change is coming to the health care and pharmaceutical industries under Trump's administration, presenting both benefits and challenges. Conventional wisdom says that Trump's administration will permit greater flexibility in drug pricing, but Trump has expressed support for competition in the marketplace, which could lower the price of some drugs, say attorneys from Debevoise & Plimpton LLP.
As critical as lawyers are to society, they are reported to be the most frequently depressed occupational group in the United States. In response to the inherently stressful nature of the practice of law, more and more lawyers are turning to an ancient contemplative practice called “mindfulness,” says Jennifer Gibbs of Zelle LLP.
Blockchain is essentially a computerized public ledger that can apply to almost anything that a person might save into a database or spreadsheet. This versatile technology may enhance the legal industry by providing an improved record keeping system, setting up "smart contracts" and tracking intellectual property and land records, say R. Douglas Vaughn and Anna Outzen of Deutsch Kerrigan LLP.
The New York courts’ interpretation of the pari passu clause in Argentine bonds to provide a basis for a powerful injunctive remedy was widely viewed as novel. But a new ruling out of the Southern District of New York will likely limit the precedential effect of the earlier rulings on sovereign debt restructurings for the large number of still-outstanding securities that contain pari passu clauses, say attorneys with Sullivan & Cromwell LLP.
Everyone is predicting major changes in the U.S. Department of Justice's Foreign Corrupt Practices Act enforcement. I do not share this view. Frankly, FCPA enforcement is more bipartisan than other controversial enforcement programs, and the DOJ’s FCPA program is very profitable, says Michael Volkov, CEO of The Volkov Law Group LLC and a former federal prosecutor.
Looking ahead, it seems likely that the U.S. International Trade Commission will designate more cases for early disposition under the 100-day program, as the program gained increased popularity and visibility in 2016, say David Scannell and Daniel Muino of Morrison & Foerster LLP.
The U.S. Supreme Court’s 2014 Alice decision has been invoked in hundreds of cases over the last two years but has had relatively little impact at the U.S. International Trade Commission — until recently, say Eric Schweibenz and John Presper of Oblon McClelland Maier & Neustadt LLP.
Since the U.S. Supreme Court's decision in RJR Nabisco v. European Union last year, courts have grappled with the ruling's articulation of the “domestic injury” requirement for private claims under the Racketeer Influenced and Corrupt Organizations Act, and their analyses and conclusions as to where an “injury” has occurred are all over the map, say attorneys at Orrick Herrington & Sutcliffe LLP.
President-elect Donald Trump has expressed admiration for Russian President Vladimir Putin, leading many to speculate that Trump's administration may relax U.S. sanctions against Russia. However, Congress has a less favorable view of Russia's role in world affairs, say Simeon Kriesberg and Jing Zhang of Mayer Brown LLP.
The April 2016 leak of "Panama Papers" documents from law firm Mossack Fonseca removed any doubt that the threat of cyberattacks against the legal industry is more than hypothetical. While the case law on law firm data breach litigation has largely yet to be written, there are certain fundamental tenets worth reviewing, say Scott Vernick and Peter Buckley of Fox Rothschild LLP.