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.
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.
During his campaign, President-elect Donald Trump alternatively promised to "dismantle" the Joint Comprehensive Plan of Action, negotiate a better deal, and vigorously enforce the current agreement. Given the vagueness of Trump's policies, sanctions activity regarding Iran is likely to originate in Congress, say attorneys from Mayer Brown LLP.
Since 2008, the legal relationship dynamic has consistently evolved, leading clients to demand more "value" for services received. In 2017, investment in and adoption of new technology and prioritizing cybersecurity will lead to an increase in billable hours and shifts in realization rates, says Haley Altman of Doxly.
If the Trump administration follows through on its pledge to renegotiate or withdraw from NAFTA, any one of a number of scenarios may emerge — from an expanded and modernized agreement, offering companies a chance to formulate a wish-list agenda, to substantial supply chain and commercial disruption, implying defensive concerns for affected businesses, say members of WilmerHale.
With commercial litigation funding gaining acceptance throughout the U.S., law firms and corporations are investigating how they can benefit from the capital that funders provide, and which criteria they should use in selecting a funder. Ralph Sutton, chief investment officer of Bentham IMF, discusses several major trends to watch in 2017.
There are a number of concrete, practical steps that law firms can take to address the high cost of defending legal malpractice claims, both before and after a claim is made, says Richard Simpson, a partner with Wiley Rein LLP who serves on the ABA Standing Committee on Lawyers’ Professional Liability.
The regulatory changes that have propelled increasing cultural and economic engagement with Cuba for the past two years have been made through executive action. With a Republican Congress seemingly lacking the political will to ease or strengthen the Cuba embargo, the Trump administration’s initiatives on Cuba will be decisive for U.S. business interests, says Simeon Kriesberg of Mayer Brown LLP.
Although the full details of the president-elect's plans are not yet clear, some overarching themes are apparent from trade policy speeches during the campaign and a post-election transition team memo that has been reported in the press, according to Ambassador Charlene Barshefsky and other members of WilmerHale.