Topic: Foreign Banks

JD Supra Corporate Brief: M&A Jargon, Conflict Minerals, European Technology, Trade Secrets

On the day in 1946, Winston Churchill coined the phrase “Iron Curtain” in a speech delivered at Westminster College in Fulton, Missouri. The M&A Word of the Day? PIPE (Martin Saywell at Latham & Watkins) Is the SEC’s Conflict Minerals rule just the beginning of “conflict sourcing” laws? (Chesley Blevins, Arcie Jordan, and Doug Paisley… Read more »

Feds Approve Volcker Rule, Bringing in New Era of Financial Regulation

“Federal regulators voted on Tuesday to approve a rule that strikes at the heart of Wall Street risk-taking, a moment that punctuates three years of internal squabbling and bank lobbying over an effort to reshape the financial landscape.” (Ben Protess and Peter Eavis, New York Times) Earlier today, the five federal agencies responsible for writing… Read more »

JD Supra Corporate Brief: Child Labor, Whistleblower Protections, Swiss Banks, FATCA Compliance

Turns out that when he wasn’t developing the general theory of relativity, Albert Einstein also invented … a refrigerator. Here’s the patent to prove it, granted November 11, 1930. Complying with child and forced labor laws around the world is more than good business sense – it’s also the right thing to do… (Cheryl Behymer… Read more »

JD Supra Corporate Brief: Iran Notices, Health FSAs, Corporate Boards, FATCA Implementation

Voters across the country agree: the JD Supra Corporate Brief is a great way to start the day! Are the days when Chief Compliance Officers are held accountable a thing of the past? (Bettina Eckerle of Eckerle Law) Over the past eight months, companies have filed more than 400 Iran notices with the SEC… (Shearman… Read more »

JD Supra Corporate Brief: SEC Enforcement, ADR Clauses, Russian Deals, Swiss Banks

Picture this: on this day in 1884, George Eastman received a US patent on paper-strip photographic film. No violation is too small to attract the attention of the SEC’s Enforcement Division… (Morrison & Foerster) Looks like Wells Fargo will have to face the DOJ’s False Claims Act lawsuit after all… (BuckleySandler) Here’s a good question:… Read more »

FATCA Update: IRS Gives International Banks Brief Reprieve

Non-US banks struggling to comply with the US Foreign Account Tax Compliance Act (FATCA) – which requires foreign financial institutions to provide US authorities with information on accounts held by US citizens or face substantial penalties – just got an unexpected break from the Treasury Department. On July 12, 2013, the Internal Revenue Service announced… Read more »