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Arnold & Porter

601 MASSACHUSETTS AVE, NW, WASHINGTON, DC 20001-3743, USA
Tel:
Work +1 202 942 5000
Fax:
Fax +1 202 942 5999
Email:
Web:
www.arnoldporter.com

Richard Alexander

Email:
Arnold & Porter

Career

http://www.arnoldporter.com/richard.alexander


United States: Dispute resolution

Financial services litigation

Within: Financial services litigation

Although slightly less active on behalf of the larger money-center banks than most of its higher-ranked peers, Arnold & Porter is an attractive option for smaller commercial banks, savings institutions, trade associations and non-bank lenders. Particularly strong out of Washington DC and New York, the firm is able to represent clients throughout the life-cycle of a matter, from pre-litigation advice and investigation through to any potential trial and appeal. Vincent Sama and Daphne Morduchowitz continue to represent current and former officers of JP Morgan and Standard & Poor’s on state and federal government agency investigations regarding various structured financial products and vehicles. Washington DC-based partners Howard Cayne, David Bergman and Richard Alexander all have significant trial experience and are key members of the team engaged by the Federal Housing Finance Agency (FHFA) in long-running litigation relating to the secondary mortgage market. San Francisco-based partner Gilbert Serota has expertise at handling class actions as well as FINRA and SEC investigations; he recently helped secure victory for Charles Schwab & Co, at first instance and on appeal, in a consolidated class action concerning best execution of equity trades for its retail customers.

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United States: Finance

Financial services regulation

Within: Financial services regulation

Leveraging the expertise of numerous former governmental officials, as well as benefiting from a strong track record across financial services M&A, standalone regulatory counseling and legislative advice, Washington DC-based Arnold & Porter provides an 'excellent service' to a wide range of clients in the sector, including domestic and foreign banks, insurance companies, investment managers and fintech companies. Head of the firm's financial institutions M&A practice Robert Azarow recently advised Stifel Financial on its acquisition of Business Bancshares (work which included the post-closing reorganization of Stifel’s bank and trust company subsidiaries under a single intermediate holding company) and advised First American International on its $117m sale to RBB Bancorp. Michael Mancusi was also involved in the work for First American International, having previously advised it on the development of a cybersecurity program, procedures and controls to ensure compliance with the New York Department of Financial Services' Part 500 requirements, and annual certification. Team head David Freeman handles a range of standalone regulatory matters as well as advising on financial services M&A. He continues to provide ongoing regulatory counseling to First Republic Bank, including in relation to new products and product extensions, and discrete transactions, such as its investment into student loan company CommonBond. Other recommended practitioners include Brian McCormally, who brings significant banking regulatory expertise to bear by virtue of his work in both the private and public sector (where he served at the OCC and the OTS), and firm chairman Richard Alexander, whose expertise bridges enforcement, supervisory and governance matters.

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Legal Developments by:
Arnold & Porter

  • The role of arbitrators in EU antitrust law

    In May 2014, it will be ten years since Regulation No 1/2003 entered into force. When the legislator of the European Union adopted this Regulation on 16 December 2002, its main objective was to decentralise the enforcement of the two main provisions of EU antitrust law, Articles 81 and 82 of the Treaty establishing the European Community (now Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU)). Where do the arbitrators fit in this picture?

    - Arnold & Porter (UK) LLP

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    AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on another milestone Eurobond deal. The issue by Ukraine of EUR1 billion notes with a 7-year tenor marks the first euro-denominated offering Ukraine has made in almost 15 years.
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    AVELLUM acted as the legal counsel to SM Invest Construction B.V., a solar PV plants developer, on the sale of shares in the holding company, which owns the underlying assets to develop a 148MW solar power plant in Mykolaiv region. Scatec Solar, a leading and globally acting solar energy producer, acted as the purchaser.
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    Bär & Karrer successfully represented a company acting under the trademark of PNK Group, a major developer of industrial facilities in Russia, against a Western European concrete plant engineering and manufacturing company in a SCAI-arbitration concerning the delivery of (defective) equipment. After full-fledged proceedings including a hearing with several technical experts, the client was awarded partial rescission of the contract (as requested) with returning of certain defective equipment against refund of its cost, a substantial price reduction with regard to the rest of the equipment, as well as a contractual penalty payment and reimbursement for 75% of all legal costs. Team members were Matthew Reiter and Désirée Schreyer (both arbitration).
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    The following article discusses session three in the IR Global Virtual Series on 'Freezing Assets - The mechanics behind cross-border injunctions'
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    Gulbenkian Andonian employs some of the top immigration lawyers in London and can be of valuable assistance if you are a company wanting to explore your options in hiring Tier 4 student visa holders.
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  • Double Tax Treaty between Cyprus and Kazakhstan

    A DTT between Cyprus and Kazakhstan has been signed and ratified by Cyprus on the 15th of May 2019. The DTT is expected to “enter into force’ as from the 1st of January 2020, provided that the various legal procedures involved are finalized. Kazakhstan currently has the largest and strongest performing economy in Central Asia.
  • General requirements to advertising in Ukraine

    The main legal act regulating legal relations in the field of advertising is the Law of Ukraine  On Advertising . The implementation of the Law in practice requires a detailed analysis and practical experience. The fulfillment of the requirements of the Law and other regulatory legal acts regulating advertising relations in Ukraine is a guarantee that government agencies in Ukraine, such as the Antimonopoly Committee of Ukraine, the State Inspection of Consumer Protection of Ukraine will not be able to start an advertiser's check.