The spring edition of the Florida Bar’s International Law Quarterly (ILQ) is out. The ILQ is quickly becoming required reading for any international lawyer. As Editor-in-Chief Alvin F. Lindsay points out, each issue of the ILQ strives for a balance of scholarship and practical articles that will be useful to all international practitioners. The spring edition… Continue Reading
Category Archives: International Banking
Subscribe to International Banking RSS FeedCorruption in Legal Systems Persist Around the World. And Will Continue.
Posted in Business Transactions, Corporate Governance, International Arbitration, International Banking, International Litigation, Random Thoughts and ObservationsAshby Jones of the Wall Street Journal’s Law Blog, just published an article on the findings of a major global survey on corruption released today at the 2010 International Bar Association (IBA) Annual Conference in Vancouver, Canada. While it comes as no surprise that corruption persists in many jurisdictions around the world, many in… Continue Reading
The BRICfast Club (Part III): China and Brazil Sign Trade and Investment Agreements at BRIC Summit
Posted in Business Transactions, International Banking, International InvestmentsOil and Steel Industries to Benefit This is the third in a series of posts dedicated to the BRIC countries. While the late John Hughes would have appreciated the titular tribute to his Breakfast Club classic, the series is meant to stimulate a robust discussion among those interested in the subject. For the uninitiated, BRIC is… Continue Reading
Switzerland and United States Reach Landmark Agreement in UBS Tax Case
Posted in Business Transactions, Corporate Governance, International Banking, International LitigationSwiss Parliament Must Still Approve Amended Protocol The CBS news magazine 60 Minutes featured a story on January 3, 2010 concerning the tax controversy between Switzerland and the United States over Switzerland’s secretive banking industry. At the time, it appeared there would be no end in sight to the impasse. 60 Minutes: A Crack in… Continue Reading
Post-Game Analysis of Morrison v. National Australia Bank. Read the Transcript Here
Posted in Dispute Resolution, International Banking, International Litigation"I mean, this case is Australian plaintiff, Australian defendant, shares purchased in Australia. It has ‘Australia’ written all over it." — Justice Ginsburg, March 29, 2010 Following up on yesterday’s pre-game analysis of oral argument in Morrison v. National Australia Bank, Hannah Buxbaum over at the Conglomorate blog, has posted an excellent post-game analysis… Continue Reading
UK Investors Offered Amnesty Under Liechtenstein Tax Deal
Posted in Business Transactions, Corporate Governance, International BankingIn a trend that could spread to other jurisdictions, Liechtenstein is asking wealthy UK investors who have assets hidden abroad to take advantage of its “unique and attractive” amnesty program. The agreement reached between the UK and Liechtenstein combines generous terms with a promise by the principality to close the accounts of customers who could… Continue Reading
Doing Business in Japan Teleconference. $768.8 Billion Reasons to Attend
Posted in Business Transactions, Dispute Resolution, Intellectual Property, International Arbitration, International Banking, International InvestmentsThe International Law Prof Blog has passed along details about an upcoming teleconference, “Doing Business with Japan,” sponsored by the American Bar Association Section of International Law. The conference could not come at a better time. Businessweek’s Daniel Kruger reported this week that Japan has overtaken China as the largest foreign holder of U.S…. Continue Reading
Are Carbon Credits the New Global Currency?
Posted in International BankingIn response to the Copenhagen Climate Summit’s call for innovative environmental solutions, my law firm launched a groundbreaking program today to allow law firm clients to pay legal fees with carbon credits. The initiative is the first of its kind in the professional services industry. You can read more about my firm’s initiative in the… Continue Reading
Hey Brazil: It’sTime to Ratify Those Bilateral Investment Agreements
Posted in Dispute Resolution, International Arbitration, International Banking, International InvestmentsBrazil is on a roll. Yesterday’s Financial Times included a special 10-page section devoted to Brazil. One of the articles, Olympic Accolade Sets Seal on Progress, written by Jonathan Wheatly, succinctly describes the “exuberant optimism” that has gripped the country since it was awarded the 2016 Olympic Games. And the Wall Street Journal recently reported on… Continue Reading
International Tender Offers: Structured Deals on the Rise
Posted in International Banking, International InvestmentsAs Forbes reported today in the article Dainippon completes tender offer for Sepracor, Dainippon Sumitomo Pharma Co. of Japan agreed to buy Sepracor, based in Marlborough, Mass., for about $2.6 billion, or $23 per Sepracor share. Sepracor makes drugs for respiratory and nervous system disorders. It reported $1.29 billion in revenue in 2008, with almost… Continue Reading
Swiss Banks Shutting Out U.S. Clients Due to Unprecedented Banking Oversight
Posted in International Bankingon my visit to Switzerland with my wife and daughter this past April, there was a palpable sense of uneasiness in the unusually damp alpine air. As we made our way down Zurich’s Bahnhofstrasse—the main artery running through the city’s financial district, I could not help but notice the sheer number of jaw-clenched bankers passing… Continue Reading
UBS Strikes Deal in U.S. Tax Case: The End of Switzerland’s Bank Secrecy Rules a Boon to Singapore Banking?
Posted in International BankingOn August 3, 2009, UBS reached a deal with U.S. authorities to turn over the names of 5,000 U.S clients holding secret Swiss bank accounts. Although this amounts to a mere 10 percent of the names Washington was after, the controversy surrounding Switzerland and UBS will continue to swell. The pressure on Switzerland and UBS… Continue Reading
About Santiago A. Cueto
Editor
Board Certified International Law Expert and Founding partner Santiago A. Cueto focuses his practice on international business law with an emphasis on international business litigation, arbitration and transactions. His practice is based in Miami, Florida.
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