European energy companies face unprecedented uncertainty as a result of Russia’s invasion of Ukraine. As noted in our last White Paper, many countries have progressively imposed increasingly significant sanctions on Russia...more
6/10/2022
/ Counter Sanctions ,
Economic Sanctions ,
EU ,
Foreign Policy ,
Foreign Relations ,
Military Conflict ,
Oil & Gas ,
Russia ,
Trade Retaliation ,
Ukraine ,
Vladimir Putin
NFTs are verifiable cryptographic tokens, which can act as a form of digital receipt. NFTs can also be used to evidence the authenticity, ownership, and provenance of real-world tangible items, such as artwork and real...more
An Eagerly Awaited Decision -
The Grand Chamber of the Court of Justice of the European Union ("CJEU") has recently— and for the first time—given its opinion on the interpretation and application of the controversial...more
Pursuant to Decree No. 2022-207 dated February 18, 2022, companies receiving discovery demands or requests for information from foreign authorities now must turn to the Strategic Information and Economic Security Department...more
EU rules prohibit "State aid," unless the Commission authorizes the aid as compatible with the EU Treaties. State aid is a Member State funding measure imputable to the State and financed through State resources that benefits...more
2/14/2022
/ Climate Action Plan ,
Corporate Financing ,
Corporate Governance ,
Environmental Justice ,
EU ,
European Commission ,
Green Deal ,
Greenhouse Gas Emissions ,
Nuclear Power ,
Pollution Control ,
State Aid
In this recap of a recent Jones Day client-focused webinar, partners Harriet Territt, Eva Monard, Sean Boyce, and Rick van 't Hullenaar review 2020's critical developments in U.S., EU and UK sanctions and export controls that...more
The Situation: In response to events in Syria and in the face of strong Congressional pressure to act, President Trump introduced sanctions targeting Turkey.
The Result: Although the President indicated that a ceasefire...more
10/25/2019
/ Blocked Person ,
Economic Sanctions ,
EU ,
Executive Orders ,
Foreign Financial Institutions (FFI) ,
General Licenses ,
Human Rights ,
Member State ,
NATO ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Secondary Sanctions ,
Steel Industry ,
Syria ,
Tariffs ,
Trump Administration ,
Turkey
While the crypto market is still in its early stages, the number of asset managers offering funds investing in cryptocurrencies and companies using blockchain or distributed ledger technology ("DLT") is constantly growing....more
7/19/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Anti-Money Laundering ,
Asset Management ,
Blockchain ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
EU ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Securities Tokens ,
Smart Contracts ,
Token Sales ,
Tokenization
The Commodity Futures Trading Commission ("CFTC") extends no-action and exemptive relief from the European Union to the United Kingdom.
On April 5, 2019, the CFTC's Divisions of Clearing and Risk, Market Oversight and Swap...more
The Situation: On January 9, 2019, the European Securities and Markets Authority ("ESMA") issued advice to the EU Commission, Council, and Parliament on initial coin offerings ("ICOs") and crypto assets.
The Result: ESMA...more
2/22/2019
/ Anti-Money Laundering ,
Blockchain ,
Cryptoassets ,
Distributed Ledger Technology (DLT) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Instruments ,
Initial Coin Offering (ICOs) ,
MiFID II ,
Regulatory Standards ,
Token Sales
In Short: The Bank of England ("BoE") has published its final policy statement and procedures for its new Enforcement Decision Making Committee ("EDMC").
The Result: The EDMC will be the BoE's independent decision-making...more
The Court Decision: On September 25, 2018, the Higher Regional Court of Berlin held that bitcoins would not qualify as financial instruments for the purposes of the German Banking Act (Kreditwesengesetz, "KWG"), thus...more
11/1/2018
/ BaFin ,
Cross-Border Transactions ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
EU ,
German Banking Act ,
Germany ,
Initial Coin Offering (ICOs) ,
MiFID II ,
Securities Regulation ,
Token Sales
On May 8, 2018, President Trump announced that the United States would cease participating in the Joint Comprehensive Plan of Action ("JCPOA"), commonly known as the Iran Deal. This will reimpose, by no later than November 5,...more
5/10/2018
/ Economic Sanctions ,
EU ,
Export Controls ,
Foreign Policy ,
General Licenses ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Trump Administration
For the benefit of our clients and friends investing in European distressed opportunities, our European Network is sharing some current developments...more
3/28/2017
/ Anti-Corruption ,
Avoidance ,
BaFin ,
Corporate Taxes ,
Creditors ,
Cross-Border ,
Debtors ,
EU ,
Foreign Investment ,
France ,
Germany ,
Insolvency ,
Italy ,
Netting Agreements ,
Sapin II