Sanctions

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On May 6, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated crypto mixer Blender.io as a Specially Designated National (“SDN”), marking the first time a virtual currency mixer has been sanctioned. The move is the latest in a series of sanctions designations and enforcement actions in the virtual currency…

Our Global Insurance Industry Year in Review is now in its 10th year. In this report, we discuss developments and trends in insurance industry transactions over the past year, with a particular focus on mergers and acquisitions, corporate finance, insurtech, the insurance-linked securities and convergence markets, as well as tax, regulatory and litigation developments.

A…

On October 20, 2021, the US Department of Commerce Bureau of Industry & Security (“BIS”) published a long-awaited interim final rule announcing new restrictions on the export, reexport or in-country transfer of certain cybersecurity items used for malicious cyber activities.

In particular, it establishes:

  • new controls and licensing requirements on a range of “cybersecurity items”

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On September 21, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced several actions intended to “advance the United States government’s broader counter-ransomware strategy,” including an update to OFAC’s October 2020 advisory on ransomware payments and the first Specially Designated National (“SDN”) designation of a virtual currency exchange. OFAC’s action…

Oil and gas companies should anticipate a more vigorous enforcement environment during President Biden’s term, with anti-corruption and sanctions enforcement expected among some of the key areas of focus. In addition, companies should expect close scrutiny of the industry’s management of cyber risks, along with increased regulatory and litigation risk.

To help you navigate the…

On September 18, 2021, most articles of the Brazilian General Data Protection Law (LGPD) will have been effective for one year. During this period , several lawsuits have been filed and some judicial decisions have been published. In addition, ANPD (National Data Protection Authority) issued some guidance relevant to understanding the regulatory scenario, as well…

On April 15, 2021, the Biden administration announced an expansion of existing sanctions against the Russian government, notably including the intelligence service and affiliated parties identified as being responsible for the SolarWinds cyber-attack and other “specified harmful foreign activities,” and signaled a potential willingness to impose additional measures relating to Information and Communications Technology and…

Following an international investigation in cooperation with other European privacy regulators, on 31 March 2021 the Dutch data protection authority (“Autoriteit Persoonsgegevens – AP”) released its decision (available here in Dutch) to impose a fine of €475,000 on Booking.com (incorporated in Amsterdam) arising from their delays in reporting a data breach incident (the