Differences between the U.S. and the EU regarding transfers of Personal Data continue to haunt relations between the two trade giants.
Commerce between the U.S. and EU depends on the ability to engage in regular transfer of data. The Privacy Shield agreed to only last year by the EU and the US was intended to provide companies on both sides
Dror Futter ·
August 04, 2017
The SEC has issued its first, much anticipated statement on the regulatory status of ICOs (Initial Coin Offerings).
Click here to read our analysis of the questions the SEC answered and, perhaps more importantly, the questions that remain unresolved.
Mr. Futter has more than 20 years of high tech and business experience, he
Having historically targeted banks, OFAC shows interest in penalizing banks’ customers that send illegal payments through the U.S. financial system.
OFAC's action is significant because it appears to be the first time the entity penalizes a non-U.S., non-financial company for “causing” sanctions violations by
Section 503(b)(9) of the Bankruptcy Code provides a seller of goods with an administrative expense claim equal to the value of goods received by the debtor within the 20 day period prior to the bankruptcy filing. Two recent decisions provide important guidance for sellers and buyers of goods on the eve of a debtor’s bankruptcy.
John Isaza ·
July 27, 2017
ROT data (Redundant, Outdated, or Trivial) has increasingly become an issue for all types of corporations.
Not being able to differentiate between the data that must be kept and the irrelevant data can represent a significant cost and create potential regulatory and other repercussions, such as spoliation sanctions, etc.
In the last few years, drastic liberalization has changed the comprehensive U.S. sanctions against Iran and Cuba that had been maintained for decades. Iran sanctions were first enacted in 1979 (with the broad secondary sanctions for foreign subsidiaries only in place since 2012). Cuba sanctions began in 1960.
Garnering less fanfare, the U.S. also
The May 2, 2017 bankruptcy filing for Alitalia might be the end of the journey for the troubled Italian flag carrier, but creditors in the U.S., Italy and elsewhere might still have a ticket to recover some claims.
Alitalia has now also filed for bankruptcy protection in the U.S. under Chapter 15 of the Bankruptcy Code. Chapter 15 was added
Global Market Entity Identifier Utility (GMEI), an LEI issuer, is now requesting information relating to the parents of its registered entities. The past information collected on an LEI entity, which consisted of self-identifying information, is known as “Level 1 Data.” The additional information now being requested is
The U.S. Supreme Court recently issued a 5-3 decision holding that a creditor filing a proof of claim in a Chapter 13 bankruptcy case for a time-barred debt was not false, deceptive, misleading, unconscionable or unfair conduct in violation of the Fair Debt Collection Practices Act (FDCPA).
Learn more here.
> You may also find
The U.S. Supreme Court recently held that a purchaser for its own account of a defaulted loan is not a debt collector within the meaning of the Fair Debt Collection Practices Act (FDCPA). Learn more here.
> You may also find this complementary article of interest: U.S. Supreme Court: Filing a Time-Barred Claim in a