A strange confluence of geopolitical events, labor unrest, softening consumer demand, and supply-chain logistical issues could leave lumps of coal in the stockings of lenders this holiday season. The story begins in the Red...more
On April 24, 2024, President Biden signed into law a long-debated $98 billion foreign aid and national security legislative package (the “Act”) providing funds for Israel, Taiwan, and Ukraine, and authorizing new sanctions...more
2023 was another record year for U.S. sanctions and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). Most prominently, OFAC continued to impose significant additional sanctions on Russia in...more
In this weekly update, we summarise the most notable updates in the UK sanctions world. 1. Russia Sanctions - UK Government adds Russian-based cyber hacker under Cyber regime: On January 23, 2024, the UK Government,...more
BALTIMORE — New UpSurge CEO Bets on Baltimore, Tech Tech- entrepreneur Kory Bailey — who was recently named CEO of UpSurge, a nonprofit, professional ecosystem-building organization — spoke about his efforts to build a...more
The Republican Attorneys General Association (RAGA) adopted a resolution condemning the attacks on Israel by Hamas and Hezbollah, denouncing recent anti-Semitic attacks within the United States, and calling for increased...more
The Impending Shift of City Council Power Dynamics- Regardless of the November election outcome, the power dynamics within City Hall are set to change as members elect new leadership including a council president. While...more
Sixteen days after the Hamas attack on Israel and Israel’s declaration of war, Israel is preparing to launch a major ground operation into the Gaza Strip with the stated goal of eradicating Hamas. With casualties on both...more
The Cozen Lens- • The fight over the House speakership reveals how the combination of House Republicans’ narrow majority and fractious conference prevents them from accomplishing much for the remainder of 2023. • The...more
The U.S. Internal Revenue Service has postponed the due dates for U.S. taxpayers affected by the terrorist attacks in Israel beginning on October 7, 2023. Affected taxpayers described below have until October 7, 2024 to file...more
In the wake of the terrorist attacks on Israel on October 7, 2023, and the ensuing Israel-Hamas War, our U.S.-based clients with employees in Israel have asked how they can support their employees, including their legal and...more
The United States Court of Appeals for the Second Circuit issued an opinion on February 14, 2013, holding that the civil liability provision of the Anti-Terrorism Act of 1990, 18 U.S.C.§ 2333(a) (the “ATA”) does not permit...more