News & Analysis as of

Asset Seizure

American Conference Institute (ACI)

[Event] 9th Annual Canadian Forum on Global Economic Sanctions - February 26th - 27th, Toronto, ON, Canada

CI’s 9th Annual Canadian Forum on Global Economic Sanctions is designed to cover your top compliance challenges, offering unparalleled networking and benchmarking opportunities for economic sanctions, trade, financial crime,...more

Foley Hoag LLP

Supreme Court Hears Oral Argument in Hungary v. Simon—The Court’s Anticipated Decision Could Clarify Important Aspects of the...

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On December 3, 2024, the U.S. Supreme Court heard oral argument in Hungary v. Simon. As discussed in a previous client alert, the case concerns whether the U.S. Court of Appeals for the D.C. Circuit correctly allowed...more

Foley & Lardner LLP

FDA Targets GLP-1 Providers with Warning Letters

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On December 17, the U.S. Food and Drug Administration (FDA) issued Warning Letters to five companies offering various GLP-1 products, including Semaglutide, Tirzepatide, Retatrutide, Cagrilintide, Mazdutide, Survodutide, and...more

Seyfarth Shaw LLP

Expropriation Limitation: U.S. Supreme Court Appears Skeptical of Jurisdiction Over Holocaust Seizure Claims

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On December 3, 2024, the U.S. Supreme Court heard argument in Republic of Hungary v. Simon. The case involves Hungary’s theft of valuable items from Jewish families during the Holocaust. The plaintiffs sued the Republic of...more

Falcon Rappaport & Berkman LLP

New York City Council Hearing Addresses Operation Padlock and New Regulations Targeting Unlicensed Cannabis Retailers

Recently, the Committee on Finance of the New York City Council held a hearing to discuss the City’s ongoing enforcement efforts targeting unlicensed retailers selling cannabis and other similarly regulated products through...more

Bradley Arant Boult Cummings LLP

The Reasonableness of Retaining Personal Property Post-Seizure and the Ascendancy of Text, History, and Tradition in Fourth...

How long can the government keep your property after lawfully seizing it? According to the D.C. Circuit in a recent decision, as long as the continued possession is still reasonable under the Fourth Amendment. This decision...more

WilmerHale

Asset freezing and asset seizing under the UK sanctions regime

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The UK’s National Crime Agency (NCA) recently secured its first forfeiture of sanctioned funds. This was a landmark achievement for the NCA’s Combatting Kleptocracy Cell, which has only existed since 2022 and aims to...more

Mayer Brown

Russia: Investment Protection and Arbitration | Part 4

Mayer Brown on

PART 4: JURISDICTIONAL BATTLEGROUND IN DISPUTES WITH SANCTIONED RUSSIAN PERSONS  - In a wave of recent decisions, including in proceedings involving a number of Western banks, the Russian courts have disapplied the...more

Fish & Richardson

Ex Parte Seizures Under the DTSA: A Drastic Trade Secret Remedy

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Here, we look at the Defend Trade Secrets Act (DTSA)’s provision of injunctive relief. Specifically, the DTSA allows trade secret plaintiffs to request a unique remedy — an ex parte seizure of the defendant’s property....more

Dechert LLP

U.S. Sanctions Russian Financial Infrastructure

Dechert LLP on

On the eve of the 2024 Group of Seven (G7) Leaders’ Summit, the United States imposed new sanctions and export control measures against Russia further targeting sanctions evaders and, for the first time, the Russian...more

Robins Kaplan LLP

The Robins Kaplan Justice Report - Vol. 18, No. 2

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TO SEIZE OR NOT TO SEIZE: CAMPUS PROTESTS AND POLICE USES OF FORCE - Dozens of college and university campuses experienced protests in April and May of 2024 due to the ongoing conflict in the Middle East. Many were...more

Morgan Lewis

Russia Introduces Framework to Seize US Assets Within its Territory

Morgan Lewis on

The Russian President on May 23 issued Decree No. 422, establishing a procedure to seize the assets of US persons within Russian jurisdiction. The announced purpose of the decree is to provide compensation for the damage...more

Epstein Becker & Green

Matters of Time - SCOTUS Today

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The U.S. Supreme Court decided two cases yesterday, in each of which timing played a decisive role in the outcome. These cases did not produce the unanimity that has characterized most of the Court’s decisions so far this...more

Skadden, Arps, Slate, Meagher & Flom LLP

REPO for Ukrainians Act Provides for the ‘Repurposing’ of Seized Russian Sovereign Assets

On April 24, 2024, President Joe Biden signed into law a high-profile package of national security legislation (Public Law 118-50). While most press reports focused on the spending elements of the package (appropriating funds...more

BCLP

Courts at the Forefront of Innovation - US and UK Approaches to Service and Enforcement in Digital Asset Fraud Cases

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Fraud involving digital assets, specifically cryptocurrency, is rapidly increasing on both sides of the Atlantic. In the UK, the value of reported crypto-fraud increased 41% between 2022/2023 reaching a record £306m, whilst...more

Bennett Jones LLP

Ontario Court of Appeal in Buduchnist Credit Union Affirms Broad Jurisdiction to Address Breaches of Mareva Orders

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In Buduchnist Credit Union Limited v. 2321197 Ontario Inc., 2024 ONCA 57 (Buduchnist), the Court of Appeal for Ontario has affirmed that superior courts have broad and flexible jurisdiction to address breaches of...more

Proskauer - Law and the Workplace

New York Governor Zeroes in on Employee Leave and Benefits, Wage Payment Violations, and More in Proposed FY25 Executive Budget

On January 17, 2024, New York Governor Kathy Hochul released the proposed Executive Budget for fiscal year 2025. The Budget includes appropriation bills and other legislation required to carry out budgetary recommendations...more

American Conference Institute (ACI)

[Event] 18th Edition Fraud, Asset Tracing & Recovery - March 14th - 15th, Geneva, Switzerland

The 18th edition of the Fraud, Asset Tracing & Recovery Geneva conference is back with new networking opportunities! Deemed as the foremost, can’t-miss event each year, the 2023 agenda will be fully revamped, and you don’t...more

Allen Barron, Inc.

Do You Need an Asset Protection Strategy?

Allen Barron, Inc. on

Do you need an asset protection strategy in San Diego, California? What is an “Asset Protection Strategy” and who should make sure to have an asset protection strategy in place?...more

American Conference Institute (ACI)

[Event] 8th Annual Canadian Forum on Global Economic Sanctions - March 6th - 7th, Toronto, ON, Canada

Immerse yourself in the only comprehensive economic sanctions event of its kind in Canada, spanning two days of invaluable insights and practical knowledge. Designed to cover U.S., EU, and major global sanctions, this...more

Orrick, Herrington & Sutcliffe LLP

INTERPOL seizes $300 million in international financial crime operation

On December 19, INTERPOL announced the conclusion of a transcontinental police operation against online financial crime called HAECHI IV. The operation ended with around 3,500 arrests and seizures of $300 million USD worth of...more

Torres Trade Law, PLLC

What to Know about CBP Export Seizures

Those familiar with the U.S. import and export regulations know that U.S. Customs and Border Protection (“CBP” or “Customs”) generally enforces the U.S. import regulations, while multiple executive government agencies...more

Braumiller Law Group, PLLC

[Webinar] Forced Labor/Slave Labor/Uyghur Labor - The latest on human rights violations and CBP enforcement - January 4th, 11:30...

Join Braumiller Law Group Senior Counsel Bruce Leeds for the second presentation in a monthly series regarding Hot Topics in International Trade Compliance Forced Labor/Slave Labor/Uyghur Labor - The latest on human rights...more

Arnall Golden Gregory LLP

Boot That Fake Merch: Add Ex Parte Seizure Orders to Your Repertoire

Rod Wave, like many other artists, recently obtained an ex parte seizure order from a federal court permitting the seizure and impoundment of fake merchandise infringing on his intellectual property rights in and around his...more

Troutman Pepper Locke

California AG Petitions State Court for Order to Seize Assets From an Unlicensed Cannabis Dispensary

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California Attorney General (AG) Rob Bonta is asking the Los Angeles County Superior Court to enter a civil forfeiture order allowing the state to collect unpaid taxes and fees from an unlicensed marijuana business by seizing...more

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