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  • Article

    TikTok: Familiar Issues, Unfamiliar Responses

    This case neatly illustrates one of the known risks of CFIUS review: while filing for review of an acquisition is voluntary, CFIUS remains free to conduct a review post-closing if no filing is made.
    United StatesGovernment, Public Sector
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    United States Imposes Secondary Sanctions On Dealings With North Korea

    On September 20, 2017, President Trump issued Executive Order 13810, imposing additional sanctions against North Korea.
    United StatesInternational Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    US Imposes Sanctions Against Turkish Ministries, Officials

    On October 23, 2019, the Trump Administration rescinded the designation of Turkish officials and ministries.
    United StatesInternational Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    DOJ Charges Former Uber Executive For Alleged Role In Attempted Cover-Up Of 2016 Data Breach

    On August 20, 2020, the Department of Justice ("DOJ") announced that it had charged Joseph Sullivan, the former Chief Security Officer ("CSO") of Uber Technologies Inc. ("Uber")...
    United StatesPrivacy
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    New Syria-Related Sanctions Regulations Issued; Secondary Sanctions Authority Targeting Syria To Take Effect Soon

    On June 4, 2020, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued the Syria-Related Sanctions Regulations (SRSR). Not to be confused with the pre-existing Syrian
    SyriaInternational Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    FTC Summarizes A Year Of Change In Its Data Security Orders

    Since the end of 2018, the Federal Trade Commission has reportedly been considering how to strengthen the injunctive relief imposed in orders in data security cases.
    United StatesTechnology
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Arbitration Clauses And Investment Treaty Protection In Emerging Markets Disputes

    Some might argue that a standard arbitration clause is enough.
    United StatesLitigation, Mediation & Arbitration
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    First Response: Getting The Initial Message Right

    As the story evolved, the company's response continued to be inconsistent and contradictory, adding to public anger and distrust.
    GlobalCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    UK Sanctions Regulator Issues Its Largest Fine To Date

    The UK Government's Office of Financial Sanctions Implementation ("OFSI") recently announced it has fined Standard Chartered Bank £20.5 million (about $25 million) for alleged breaches of sanctions.
    European UnionInternational Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Italy Enlarges Corporate Criminal Liability To Encompass EU VAT Frauds

    On July 15, 2020, the Italian Government issued Legislative Decree no. 75 (the "Decree"), implementing Directive (EU) 2017/1371 (known as the "PIF Directive") aimed at ensuring the...
    European UnionTax
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    COVID-19: French Measures To Facilitate The Continuation Of The Dealings With The Employees Representatives

    On March 23, 2020, the French Parliament adopted an emergency law declaring a "state of health emergency" for an initial period from March 24, 2020 to May 24, 2020...
    FranceCoronavirus (COVID-19)
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    COVID-19: Moratorium To Suspend Certain Tax Deadlines Relating To Statutes Of Limitation, Tax Audits, And Recovery Of Tax Receivables

    On March 23, 2020, the French Parliament adopted an emergency law establishing a "state of health emergency",...
    FranceCoronavirus (COVID-19)
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Revised Rules On Disclosure Of Significant Shareholdings In Italian Listed Companies After COVID-19 Outbreak

    As described in our alert memorandum, on April 9, 2020 the Italian Government published a new decree-law (the "Decree")
    ItalyCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Relief For Employers As Supreme Court Rules No Liability In Morrisons Data Breach Case

    The UK Supreme Court, in a unanimous decision delivered on April 1,[1] has overturned the decision of the Court of Appeal which had found that Morrisons Supermarkets plc ...
    United KingdomPrivacy
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    DFS Regulation Clarifies Scope Of Governor Cuomo's Forbearance Order

    The New York Department of Financial Services ("DFS") released an emergency regulation implementing Governor Cuomo's March 21, 2020 Executive Order...
    United StatesCoronavirus (COVID-19)
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Retail Co-Tenancy And COVID-19

    With COVID-19 emergency orders in place, many malls have shut their doors and U.S. retailers have gone dark.
    United StatesCoronavirus (COVID-19)
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    OCC Imposes $80 Million Penalty In Connection With Bank Data Breach

    In a landmark enforcement action related to a bank data breach, the Office of the Comptroller of the Currency ("OCC")
    United StatesFinance and Banking
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    BIS Imposes Export Controls On Additional Emerging Technologies; Further Defines Scope Of CFIUS Mandatory Notification Requirement

    Yesterday, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) published a final rule (the Final Rule)
    United StatesInternational Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Schrems II: A Global Update

    A two-minute global status update two and a half months after the Schrems II judgment of the CJEU: we are still in the dark, but there is hope for light at the end of the 2020 tunnel.
    United StatesPrivacy
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    New York Court Grants Injunction On Mark Hotel Mezzanine Foreclosure Sale: Implications For Mezzanine Lenders

    On June 23rd, the Supreme Court of New York, Commercial Division, issued a preliminary injunction temporarily halting a UCC mezzanine foreclosure sale on the grounds that the proposed...
    United StatesReal Estate and Construction
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP

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