03/17/2021
Rumours of Hong Kong’s Death Have Been Greatly Exaggerated
The US went further still with the removal of Hong Kong’s separate status from China under certain provisions of US law.
Legal, Regulation & Compliance
03/16/2021
With Its Whistleblowing Directive, EU Charts a Different Course From U.S.
European authorities are seeking to set up a minimum standard for whistleblower rules across EU member states, but they don’t favor paying for tips—a key part of an SEC program widely seen as a success
03/16/2021
Global trends in merger control enforcement
This report highlights key trends and developments in 2020 global merger control activity, and looks ahead at what to expect in 2021.
03/16/2021
The world's largest law firm announces combination with elite Bolivian law firm
Dentons' combination with Guevara & Gutierrez would further strengthen Dentons’ position as the only pan-Latin American and the Caribbean law firm and would position Dentons as the only global law firm in Bolivia.
03/14/2021
Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop
A former bank employee contends that the Swiss bank continued to help American clients avoid taxes long after its 2014 plea deal with the U.S. government
03/12/2021
FinCEN Warns Art and Antiquities Traders of New AML Measures
The new rules come just months after a congressional bill gave the Treasury Department a year to come up with regulations to help mitigate the threat of money laundering, crime and terror financing in the antiquities trade.
03/10/2021
The world's largest law firm announces combination with elite Ecuadorian law firm
Dentons' combination with Paz Horowitz Abogados in Ecuador would further strengthen Dentons’ position as the only pan-Latin American law firm, with locations across 26 countries.
03/10/2021
Uncertainty as Citi, Barclays snipe unwanted employees
Barclays isn't the only bank judiciously trimming staff this week
03/10/2021
PL Financial Attorneys Selected for Legal Industry DEI Fellowship
LCLD's landmark Fellows Program began in 2011.
03/10/2021
Fidelity parent FMR gets good news in ERISA case
They accused Fidelity of charging "secret fees" and offering a "kickback" to managers of competing firms whose investments are available through the Fidelity FundsNetwork.
03/08/2021
Climate-Related Disclosure in the Hot Seat
SEC Commissioners: Are Recent Announcements Changes from Status Quo or New PR Twist?
03/08/2021
SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad
The SEC has awarded approximately $758 million to 142 individuals since issuing its first award in 2012.
03/08/2021
Anti-virus mogul John McAfee charged with fraud over crypto promotion
McAfee indicted in federal court over schemes that promoted cryptocurrency offerings on social media
03/05/2021
Investors seeking action from Powell on yields disappointed
Yields on Treasury debt rose after Powell signaled the central bank would make no immediate move to cap the recent increase in yields.
03/04/2021
Former Greenbush, Minn.-based bank CEO sentenced for involvement in 'African diamond and gold' scam
Robert John Hager, 71, was sentenced to 18 months in federal prison for abusing his position as the CEO of Border State Bank to buy into a fraudulent "get-rich-quick" scheme.
03/03/2021
Outsourcing for banks improves compliance with regulations
Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.
03/03/2021
Citi’s $900 Million Mistake Prompts Banks to Seek New Safeguards
At least four leveraged loan issuers came to market with deals that included “Revlon clawback language” in credit documents in recent weeks.
03/02/2021
SEC Examinations Division Issues Risk Alert Regarding Digital Assets
The Division warned that their review of policies, procedures and practices of investment advisers investing client assets in Digital Asset Securities
03/02/2021
Delaware Supreme Court Adopts ABRY Partners Framework Permitting Limitations of Liability for Fraud Except for Intentional Fraud
The issue before the Court was whether the trial court had erred by instructing the jury that the state of mind requirement necessary
03/02/2021
Huawei Lawyers on HSBC Exec: «Far More Than a Gopher»
U.S. prosecutors claim that Meng misrepresented the Skycom relationship, allegedly making statements that suggested that the firm was sold to an arms-length third party when it was in fact sold to a parent company Huawei controlled.