Insights

Washington, D.C. – May 30, 2024: Crowell & Moring hosted its 25thannual George Bailey Public Service Awards ceremony. Named after the hero of the classic movie, “It’s a Wonderful Life,” these awards recognize the firm’s lawyers and staff who have made a substantial impact on the lives of others through their pro bono work.

Washington –January 11, 2024: Crowell & Moring announced today that Mark Fenoughty, an experienced senior financial executive, has joined the firm as its new Chief Financial Officer. Fenoughty will lead the firm's finance and accounting functions and play a key role in driving the firm’s business priorities.

In response to the ongoing conflict in Ukraine and to exert further pressure on Russia, the EU enacted its 14thsanctions package against Russia on June 24, 2024. The new package comes after months of negotiations between Member States, and follow, but in many ways expand upon, those passed by the United States and the UK last week (see Crowell’s Alert on those developments here). 

EU member states must transpose the directive into national law within two years of its entry into force.  Compliance with the Directive will be introduced in stages, as follows:

On April 25, 2024, ISDA launched an outreach initiative on its proposed Notices Hub which will be a new online platform that market participants can use to deliver termination notices.  The Notices Hub seeks to reduce delays in delivery of termination notices under the ISDA which can result in major losses both on short and longer term basis.

World Arbitration Update (“WAU”) invites you to attend a 75-minute webinar discussion by leading practitioners in the international dispute resolution field on the recent developments concerning the intersection of dispute resolution and the Ukraine-Russia crisis. According to the Kyiv School of Economics, Ukraine has so far experienced economic damage amounting up to $600 billion. Over $10 billion in airplane assets have been reportedly stranded in Russia setting off potentially large insurance claims and related disputes. Yale School of Management has collected data showing that almost 1,000 companies have publicly announced they are voluntarily curtailing operations in Russia to some degree beyond the bare minimum legally required by international sanctions. The Russian parliament continues to consider the expropriation of foreign assets. International disputes involving Russia and Ukraine are arising from the crisis and more likely to follow. Our speakers will discuss related topics, including: the impact of sanctions, the proposed formation of an international claims commission for Ukraine, the impact of the crisis on the legal profession, the potential and current international forums in which Ukrainian businesses and investors could submit legal recourse to address the consequences of the war in Ukraine, as well as an update on the ICJ case, Ukraine v. Russian Federation.

Crowell & Moring partner, Michelle Linderman will be joining a panel discussion on 'Keeping Abreast of our Ever-Changing World' alongside leaders at American P&I Club, Lloyd's List Intelligence and Quadrant Chambers. The session will be moderated by Neil Roberts, Head of Marine and Aviation at Lloyd's Market Association. 

Join Crowell's Michelle Linderman and Dj Wolff on December 14, 2022, 13:00 UTC for a BIMCO 15 + 15 webinar (15 min presentation, followed by a 15 min Q&A). They will talk about the price cap on Russian oil exports, whereby the G7, along with the European Union and Australia, have agreed to implement a price cap on Russian oil and oil products in order to reduce Russia’s revenues which are funding its war efforts in Ukraine while seeking to ensure energy security.  The price cap is designed to allow companies to provide shipment and insurance of Russian oil and oil products provided that the purchase price is below the agreed price cap, but how has it begun to work in practice, and what are the practical issues being experienced by the different actors in the supply chain?

Please join us for an update on the current developments at the EU level, in Germany as well as in the USA and UK. We look forward to a thoughtful discussion from Stephan Müller of Oppenhoff and Caroline Brown and Peter Broadhurst of Crowell & Moring.

The session will cover the preservation of the attorney client privilege during internal investigations and will examine both the basics of privilege law and best practices for preserving it in the US, UK and EU. Attendees will find this program very beneficial for members of the compliance, internal audit, and legal functions.