The COVID-19 pandemic has triggered an “impending global recession” as governments have been forced to suspend much economic activity in an effort to slow the spread of the virus. Economic and political uncertainty, coupled...more
The Context: In the wake of the Saint-Leu-la-Forêt decision of May 28, 2018, France's Court of Cassation issued an important decision on structured swaps concerning legal actions brought by public authorities against banks...more
Competition authorities around the world are investigating whether banks manipulated WM/Reuters rates, which are used as a benchmark for foreign exchange (“FX”) rates for trillions of dollars of investment transactions. ...more