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Firm News 57 results

Firm News | 4 min read | 11.19.24

Erik Woodhouse, Former Department of State Sanctions Official, Returns to Crowell & Moring

Erik Woodhouse, formerly the deputy assistant secretary for the Division for Counter Threat Finance and Sanctions at the U.S. Department of State, has returned to Crowell & Moring as a partner in the firm’s International Trade and Financial Services groups.

Firm News | 8 min read | 08.15.24

The Best Lawyers in America 2025 Recognizes 42 Crowell & Moring Attorneys, Three Selected as Lawyer of the Year

Washington – August 15, 2024: The 2025 edition of The Best Lawyers in America® has recognized 42 Crowell & Moring lawyers as "Best Lawyers" and 29 lawyers as “Ones to Watch.”

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Firm News | 2 min read | 07.01.24

GIR Names Anand Sithian to its 2024 “40 Under 40” List

Global Investigations Review (GIR) named Crowell & Moring partner Anand Sithian to its 2024 “40 Under 40” list. GIR’s list, now in its fourth edition, “shines a spotlight on people from around the world who have gone above and beyond in their work, including those who don’t always receive the same level of recognition as their more established peers, but are equally deserving of it.”

Client Alerts 200 results

Client Alert | 3 min read | 11.19.24

Financiers Beware: UK Court of Appeal Holds Financiers Liable to Repay Commission Payments Paid to Brokers

In a recent UK Court of Appeal judgment in what is known as “the motor finance cases” (see Johnson v FirstRand Bank, Wrench v FirstRand Bank and Hopcraft v Close Brothers Limited, which appeals were all heard together), the Court has shone a spotlight on the issue of commissions paid by financiers to brokers and determined that, in some cases, they may be considered “bribes” under UK law.

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Client Alert | 7 min read | 11.08.24

New BIS Guidance Continues Trend of Enhanced EAR Compliance Expectations for Financial Institutions

The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued new guidance (“BIS Guidance”) for financial institutions (“FIs”) on October 9, 2024, recommending that FIs undertake specific compliance practices to minimize their risk of violating General Prohibition (“GP”) 10 of BIS’s Export Administration Regulations (“EAR”). GP 10 prohibits any person (U.S. or otherwise) from selling, transferring, exporting, reexporting, financing, ordering, buying, removing, concealing, storing, using, loaning, disposing of, transporting, forwarding, or otherwise servicing an item “subject to the EAR” with knowledge that that item was, or will be, exported, reexported, or transferred in violation of the EAR. Knowledge in this context goes beyond actual knowledge, and can be inferred from circumstances surrounding a transaction; in other words, a “known or should have known” standard. Although BIS has published several joint alerts with FinCEN encouraging financial institutions to look for potential red flags of evasion of export controls, this guidance goes further in establishing specific export compliance best practices for financial institutions and suggests that financial institutions that finance or otherwise service prohibited exports risk liability under the EAR.

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Client Alert | 3 min read | 10.11.24

Private Fund Adviser Fined for Insufficient MNPI Controls as SEC Continues to Scrutinize Ad Hoc Committee Participants

On September 30, 2024, the SEC announced the settlement of an enforcement action against Marathon Asset Management, L.P. (Marathon) for failing to implement proper policies and procedures to prevent the misuse of material nonpublic information (MNPI). The issue stemmed from Marathon’s participation in ad hoc creditors’ committees, where the firm inadvertently received MNPI through its consultants and advisers. This enforcement action highlights the SEC’s intense focus on the participation by investors in ad hoc creditors’ committees and the importance of implementing robust MNPI controls when doing so.

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Press Coverage 35 results

Press Coverage | 03.21.24

The Current Opportunities And Challenges In Asset-Based Lending

ABF Journal

Press Coverage | 02.29.24

Law Firm Real Estate Report

Law360

Press Coverage | 10.10.23

Playing Workout Poker: When Loan Syndicate Agents And Private Equity Groups Call The Bluff Of Lenders

ABF Journal

Publications 25 results

Publication | 07.05.24

Chasing Carrots: The Uncertain Rewards Of SEC Self-Reporting And Cooperation

New York Law Journal

Publication | 09.08.23

The Buck Stops Here: Further Roadblocks to U.S. Investment in China Ahead?

The OC Lawyer

Publication | 07.20.23

The Secret Sauce For Successful Bankruptcies Requires The Right Ingredients

Journal of Corporate Renewal

Events 6 results

Event | 09.17.24 - 09.19.24, 7:45 AM EDT - 6:00 PM EDT

LF Dealmakers Forum

In September, Crowell & Moring Financial Services Group Partner Paul Haskel will be featured on a panel during the 7th annual LF Dealmakers Forum. LF Dealmakers Forum is an exclusive gathering of top executives and thought leaders in litigation finance, as well as in-house and outside counsel, and other key stakeholders. Widely considered the industry’s “go-to” event, hallmarks include rigorously researched program content, insightful panels, A-list speakers, 1-to-1 meetings, and a curated audience of decision makers.

Event | 06.13.24, 5:30 PM EDT - 7:30 PM EDT

Banking Cryptocurrency Companies After Crypto Winter - A New Thaw?

Please join us for an insightful panel discussion on the intricate dynamics between banks and cryptocurrency companies, especially in the aftermath of the challenges posed by the so-called Crypto Winter. Our panelists will delve into various pivotal topics, including the challenges faced by both crypto companies and banks and the considerations that drive these partnerships, including crucial aspects of anti-money laundering and sanctions risks.

Event | 06.04.24, 2:30 PM EDT - 3:30 PM EDT

NICE Actimize Engage Conference

Anand Sithian will be speaking at the ENGAGE 2024 Conference, the industry’s premier financial crime and compliance risk management conference, that brings together thought leaders, subject matter experts, and financial institutions (FIs) from around the globe to discuss the latest trends, innovations, and best practices.

Webinars 5 results

Webinar | 10.10.24 - 11.14.24

US Sanctions Webinar Series

Thursday, October 10, 2024Understanding FinCEN's Final Rule: AML/CFT Compliance for Investment AdvisersClick here to view the on-demand webinar program.On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that will impose new anti-money laundering and countering the financing of terrorism (AML/CFT) requirements on SEC-registered investment advisers and exempt reporting advisers. Join us for an insightful webinar on the new regulatory requirements issued by FinCEN. This session will provide a comprehensive overview of the specific requirements for AML/CFT compliance programs, as well as key takeaways and issues to keep top of mind as we move into this new enforcement era.

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Webinar | 10.01.24, 1:30 PM EDT - 2:30 PM EDT

Coast To Coast Compliance: The Impact Of 2024 Employment Law Developments On Geographically-Dispersed Workforces

Join Sadina Montani and Corey Hirsch for a discussion on the current state of employment law as it pertains to geographically diverse workforces. They will explore recent trends, notable recent changes and updates, and the legal implications of employing individuals across various U.S. jurisdictions.

Webinar | 07.25.24, 12:00 PM EDT - 1:00 PM EDT

The Evolving AI Legal and Policy Landscape: Mid-2024 Update

Since the November 2022 release of ChatGPT, generative AI has been a regulatory accelerator for governance of AI writ large. Individuals, organizations, industries, and governments across the world have grappled with the implications of AI, including how it is and could be regulated using existing and new legal frameworks. For example, since our December 2023 update:

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