Cases underscore possible heightened enforcement against foreign financial institutions The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued two penalties against non-U.S. financial institutions this past week. The agency’s December 28, 2020 settlement with Saudi Arabia-based National Commercial Bank (NCB)…
WorldECR (Export Control Review), a premier trade publication based in London, last month published an article co-authored by Akrivis Law Group, PLLC Partner Farhad Alavi and Daisuke Takahashi of Shinwa Sohgoh Law Offices in Japan on removal from the U.S. Department of Commerce’s Bureau of…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on October 20 that it was imposing a $4.1 million penalty against Omaha, Nebraska-based Berkshire Hathaway Inc., its subsidiary MC International Metalworking Companies B.V. (“IMC”) and IMC’s wholly owned Turkish subsidiary, Iscar Kesici Takim…
One of the greatest challenges and opportunities presented by the COVID pandemic is how businesses, large and small, can handle ongoing contractual commitments when the business climate has changed. There are a myriad of types of commitments affected, including debt obligations, real estate leases, supply…
August 17, 2020. Partner Farhad Alavi was interviewed on TRT World, Turkey’s 24-hour English language news channel on Sunday, August 16, regarding the recent controversies surrounding the U.S. Postal Service (USPS) and the debates over funding and mail-in voting between the Trump Administration and the…
On July 1, the U.S. Departments of State, the Treasury, Commerce, and Homeland Security issued a detailed advisory (the “Advisory”). This is in response to the various types of regulatory exposure companies could face when dealing with suppliers and vendors in China’s northwestern Xinjiang region, given…
The CARES Act and Developing Operational Strategies & Plans The Coronavirus is creating unprecedented challenges for businesses around the world. Businesses need to reconsider all aspects of their operations, agreements, and plans, and think creatively in the process. The U.S. Government has taken unprecedented action…
We are pleased to announce that Michael J. Lyon has joined Akrivis Law Group, PLLC as Senior Counsel. Mr. Lyon brings a wide range of business and dispute resolution experience to Akrivis.
Mitigating Risk and Leading Change During These Challenging Times The fast and far-reaching spread of the COVID19 (Coronavirus) has disrupted daily personal life and business operations. As large public gatherings are canceled, offices and schools close, and business travel curtailed, businesses must carefully consider the…
