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The UK FCA reminds firms about the confidentiality of information requirements
15 September 2020 - Post by:
The UK Financial Conduct Authority (FCA) chose the latest edition of its Market Watch newsletter to highlight the importance of firms observing the confidentiality restrictions set out in information requirements. Confidentiality restrictions Formal information requirements issued by the FCA typically contain some form of wording to make it clear that they are confidential. However, the › Read More
SEC being forced to change its enforcement approach
14 July 2020 - Post by:
In a conversation with A&O partner and former SEC Enforcement Official Bill White, Billy Jacobson explores the Supreme Court’s decision in SEC v. Liu decided in late June 2020, and two other recent Supreme Court decisions which are already having an impact on the SEC’s ability to bring cases going forward. To listen to the podcast click here. › Read More
The long arm of OFAC: U.S. secondary sanctions and English law governed finance agreements
06 July 2020 - Post by:
Allen & Overy has published an article on the UK Court of Appeal’s recent decision in Lamesa Investments Ltd v Cynergy Bank Ltd which will be of interest to those involved with sanctions investigations. The Court of Appeal confirmed that a provision in an English law facility agreement stating that the borrower would not be › Read More
Amid falling markets, valuation challenges and mis-marking fraud risks rise
22 April 2020 - Post by:
Amidst a troubled economy and falling public markets, private-equity firms and financial institutions are facing valuation challenges that may spell trouble with United States regulators. In early April, the Wall Street Journal reported that private-equity firms are grappling with how to assess the impact of the current economic turmoil on the value of the illiquid › Read More
05 March 2020 - Post by:
The recent High Court decision of Cheung Ka Ho Cyril v Securities and Futures Commission and another [2020] HKCFI 270 confirmed the powers of the Securities and Futures Commission (SFC) to (i) seize digital devices such as smart phones and tablets in the course of executing a search warrant, and (ii) demand passwords to the › Read More