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- Managing Partner Of The Firm Held A Webinar: Formation Of Partnerships Between Business Co-Owners
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OFSI’s Annual Review Highlights Effect of Sanctions on Russia
On 10 November, the UK’s Office of Financial Sanctions Implementation (OFSI) published its annual review for the period April 2021 to August 2022, with a focus on the effect of sanctions on Russia following the invasion of Ukraine in February. OFSI describes its response to the invasion as “unprecedented”, having put in place “the most stringent financial...
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Real Estate & Construction News Round-Up (11/16/22) – Backlog Shifts, Green Battery Storage, and Russia-Ukraine Updates
by Pillsbury’s Construction & Real Estate Law Team This week’s round-up explores backlog shifts in the nonresidential construction sector, updates from the ongoing war between Russia and Ukraine, lithium-ion battery storage issues in New York City, and more. Continue Reading ›
- Mastroianni Elicits Associations Unexpected By The Applicant
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Commerce Downgrades Russia to Nonmarket Economy Status
On November 10, 2022, the U.S. Department of Commerce (“Commerce”) announced that it has reclassified Russia as a nonmarket economy, meaning that it will no longer treat Russia as a market economy in antidumping (AD) proceedings. This is an unprecedented move because it is the first time that Commerce upgraded a country to market economy...
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Weathering Economic Turbulence: Assignment of Insurance Claims for Losses Under Russian Sanctions
The Russia/Ukraine conflict has led to a monumental decoupling of Russia from the global economy, with dire consequences for many industries—including the aircraft leasing industry. Western governments’ still-evolving sanctions regime has inspired retaliatory decrees by the Russian Federation, which collectively have engendered significant financial losses for companies doing business with Russian entities. As we previously...
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FinCEN Reports Staggering Increase in Reported Ransomware Attacks
The “Highlights” — To Russia, With Crypto The Financial Crimes Enforcement Network (“FinCEN”) issued on November 1 a Financial Trend Analysis regarding ransomware-related Bank Secrecy Act (“BSA”) filings during the second half of 2021 (the “Report”). This publication follows up on a similar ransomware trend analysis issued by FinCEN regarding the first half of 2021, on which...
- Additional Ground For Challenging The Extension Term Of An Invention Patent For A Medicine Or Agrochemical
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FinCEN Reports Staggering Increase in Reported Ransomware Attacks
The “Highlights” — To Russia, With Crypto The Financial Crimes Enforcement Network (“FinCEN”) issued on November 1 a Financial Trend Analysis regarding ransomware-related Bank Secrecy Act (“BSA”) filings during the second half of 2021 (the “Report”). This publication follows up on a similar ransomware trend analysis issued by FinCEN regarding the first half of 2021,...
- "Wait A Minute...Who Are You?" Russia's Response To Unfavourable Nations: Should The International IP Enforcement System Be Reconsidered?