La nueva política de Trump hacia Cuba

Commentary by Associate Attorney Karel Suarez, Cinco Días.
​El pasado 16 de junio, el Presidente Donald Trump anunció la cancelación de las medidas hacia Cuba tomadas por el expresidente Barack Obama el 17 de diciembre de 2014. En la ciudad de Miami, el Presidente Trump comentó que “cancelaba de inmediato todas las medidas tomadas por la pasada administración”. Sin embargo, los cambios anunciados no tomarán efecto hasta que las regulaciones no se hagan oficiales, y eso podría tomar meses​.

Proposed UK law charts a familiar path

The proposed regulations are similar to drone regulations that have been enacted in the U.S., but more stringent. The FAA enacted and enforced drone registration until the U.S. Court of Appeals  declared it unlawful earlier this year. “Fundamentally, this looks like regulations in the U.K. are developing more or less in parallel with the U.S., except that an act of Congress prohibits regulation of hobby drones,” says Brant Hadaway, partner with the Diaz, Reus law firm where he established an Unmanned Aircraft Systems (UAS) practice.

In Latin America arbitration wins

Administrative Managing Partner Marta Colomar-Garcia explains that in Latin America the possibility to use international mediation is key to do business.
In order to invest in Latin America, legal security is a key factor. The stability of the legal framework and justice efficiency when the norms must be enforced can accelerate or slow down the entrance of foreign capital.
Although legal security has improved in Latin America, all countries are not equal and in some cases progress is not sufficient. This is why alternative dispute resolution processes such as international arbitration have taken the leading role.

Trump’s Changes to U.S.-Cuba Deal Headed Our Way Soon

On June 16, President Donald Trump announced a cancelation to the post-Dec. 14, 2014 U.S. policy toward Cuba. While speaking before prominent members of the Cuban-American community in Miami, President Trump stated that he is “canceling the last administration’s completely one-sided deal with Cuba,” effective immediately. However, the announced changes do not take effect until the new regulations are officially issued by the different U.S. government departments. The Department of Treasury, along with its Office of Foreign Assets Control (OFAC), as well as the Department of Commerce, will be among the departments that will each have 30 days to review the changes the president has provided. After the 30-day review, the departments will begin drafting the new regulations. It may be months before the new regulations are officially issued, at which moment everything becomes official and binding.

Four Tips for Ensuring Effective Compliance and Risk Management Programs

By Richard N. Wiedis Companies with strict internal controls, even when operating within a highly regulated industry, are not immune to dramatic and costly compliance or risk management failures. All too often, despite having the foundations of a successful compliance program in place, companies experience dramatic failures resulting in criminal penalties, civil fines, job losses,…

Peru’s Fight Against Financial Crimes

Is Peru Winning the Fight Against Financial Crimes? Q: Peru’s government announced in November that it was strengthening the country’s Financial Intelligence Unit in an effort to crack down on money laundering and crimes related to terrorism. The agency will now be able to request that judges lift bank and tax secrecy provisions when necessary…

Mexico Moves Forward With New Anti-Corruption Act

Corruption is a significant risk for companies doing business in Mexico: bribery is widespread, and business registration processes, including the obtainment of construction permits and licences, are negatively influenced by corruption. But the Mexican government is not standing still. Mexico’s new Anti-Corruption Act strengthens oversight of public officials and designates a Special Prosecutor to tackle…

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…