Juez Federal del Distrito Sur de NY Determina Que Compañía de Mineral de Hierro Venezolana Es Una Agencia o Instrumentalidad de Venezuela En Disputa Minera de $350 Millones

El Juez del Distrito Sur de Nueva York de los Estados Unidos, Andrew Carter, recientemente determinó que la compañía de mineral de hierro C.V.G. Ferrominera Orinoco, C.A. (FMO) es una “agencia o instrumentalidad” de la República Bolivariana de Venezuela. La determinación de la corte podría potencialmente descarrilar un arbitraje y litigio global de $350 Millones en contra de FMO presentado por…

Judge Rules Venezuelan Iron Ore Company an Agency or Instrumentality of Venezuela in $350 Million Mining Dispute

Léalo en Español aquí MIAMI – October 6, 2016 — United States District Judge Andrew Carter of the Southern District of New York recently ruled that Venezuela’s iron ore company C.V.G. Ferrominera Orinoco, C.A. (FMO) is an “agency or instrumentality” of the Bolivarian Republic of Venezuela. The court’s determination could potentially derail a $350 million…

Ex Fiscales y Abogados de la Oficina de Administración de Control de Drogas (DEA) y del Departamento de Justicia (DOJ) Se Unen a Diaz Reus

MIAMI, 5 de octubre de 2016 – La firma Diaz Reus, con sede principal en Miami, anunció hoy que la ex-asesora de la División de Miami de la Oficina de Administración de Control de Drogas (“DEA,” por sus siglas en inglés), Patricia L. Diaz, y el ex-fiscal del Departamento de Justicia (“DOJ,” por sus siglas en…

Veteran Counsels for DEA and DOJ Join Diaz Reus 

Léalo en Español aquí MIAMI, October 5, 2016 – Miami-based law firm Diaz Reus announced today that former Division Counsel for the Miami Field Division of the U.S. Drug Enforcement Administration, Patricia L. Diaz, and former Federal Prosecutor for the U.S. Department of Justice, Criminal Division, Fraud Section, Richard N. Wiedis, have joined the firm…

Michael Diaz, Jr. Selected to The Best Lawyers in America for 2017

Miami FL — August 15, 2016 — Diaz Reus Global Managing Partner Michael Diaz, Jr. has been recognized in the 2017 edition of The Best Lawyers in America© for his work in International Arbitration – Governmental.  Since it was first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence. Best Lawyers lists are compiled based…

Sustainable development could boost Colombia’s financial system

Though it has navigated the global slump in oil prices better than some of its neighbors, Colombia’s economy has still not been immune, as shown by indicators including slowing business volumes. Latin America Financial Services Adviser asks: Will Colombian Banks Thrive in the Months Ahead? How are Colombia’s current economic conditions affecting the country’s financial services…

Nueva Regulación en Materia de Antilavado de Activos Para las Instituciones Financieras

ALERTA NORMATIVA Diaz Reus Abogados El Departamento de Servicios Financieros de Nueva York ha proferido una nueva regulación que impone a las instituciones financieras, reguladas por esta entidad, la obligación de mantener y/o revisar (i) sus programas de monitoreo de transacciones y (ii) sus filtros de las listas de personas designadas (“watch lists”) a fin…

Are Caribbean banks ready for new FINCEN customer due diligence requirements for financial institutions?

Caribbean banks address fears of severed ties with U.S. banks due to fines and higher costs in a new set U.S. compliance regulations issued by the U.S. Department of the Treasury Financial Crimes Enforcement Network. With the release of the Panama Papers, many investors, banks, financial institutions, and foreign countries are concerned that the traditional shell company may…