Evan J. Stroman, promovido a Socio de la firma Diaz Reus International Law Firm

Largest Crypto Hosting Facility Sues Texas Bitcoin Mining Operation

ALM turned to Diaz Reus Partner Ishmael Green for his expert analysis on a crypto mining company’s multimillion-dollar securities fraud lawsuit. “The key takeaway is to craft better agreements,” said Ishmael...

July 24, 2024

Venezuela: Strategy Viewpoint: Is the End to the 7-year Default in Sight?

July 22, 2024 Credible polling results for the July 28 presidential elections give a strong lead to the opposition candidate, Edmundo González. However, we see unchanged disincentives for a political transition given...

July 23, 2024

Interview of Javier Coronado, listed in the GIR 40 Under 40

Javier Coronado, included in the GIR 40 under 40 list of the world’s leading young investigations specialists, talks about his experience as a White-Collar Crime and Investigations partner. A significant case...

July 16, 2024

Marcela Cristina Blanco, entrevistada sobre China y Taiwan

Marcela Cristina Blanco es entrevistada en el programa televisivo hondureño “Abriendo Brecha” y habla de la política de China de terminar relaciones diplomáticas con aquellos países que tienen relación con...

July 11, 2024

Marcelo Buendía habla en el programa Abriendo Brecha de Honduras sobre las sanciones económicas de los Estados Unidos alrededor del mundo.

13 de junio de 2024 Nuestro abogado Marcelo Buendía dialoga en el programa televisivo Abriendo Brecha sobre las sanciones económicas que impone Estados Unidos a diferentes países alrededor del mundo. Además,...

July 5, 2024

Ciberataques, el gran reto al que se enfrenta el mundo en un preocupante contexto de vulnerabilidad jurídica

El Independiente – 26 de junio de 2024 Los ciberataques aumentaron un 28% a nivel mundial durante el primer trimestre de 2024, mientras las leyes nacionales son incapaces de responder ante...

June 27, 2024

Guyana has nearly 200 money laundering cases pending in the Courts – Nandlall

Attorney General and Minister of Legal Affairs Anil Nandlall Tuesday night defended the government’s commitment to fight money laundering, noting that many persons have been apprehended and taken before the...

June 20, 2024

Colombia: Avances en la aplicación del enfoque de género en el proceso penal

Por Alejandra Martínez Rodríguez, Abogada asociada en la oficina de Diaz Reus de Bogotá. Recientemente, se profirió la Sentencia SP227/2024, a través de la cual la Sala de Casación Penal de la...

June 12, 2024

Animalización del derecho penal internacional?

Por Marcelo Buendía, Abogado Asociado en la oficina de Diaz Reus en Bogotá y Director Editorial de The Legal Industry Reviews, y Andrea Hernández. Es clara la tendencia en Colombia hacia...

June 11, 2024

Read or download PDF of Overview Chapter here

Split 9th Circ. Revives LA Schools Vaccine Policy Row

Diaz Reus Of Counsel Brant C. Hadaway prosecuted this case for the Plaintiffs in the CD Calif and assisted with the appeal. It is a huge victory, with the majority...

June 10, 2024

Will Headwinds Stall Growth of Colombian Banks?

Marcelo Buendía Vélez, associate attorney in the Bogotá office of Diaz, Reus & Targ: “As Gutiérrez said recently, Colombia is technically not in an economic recession. However, indicators could show...

June 4, 2024

Salvaging The Investor-State Arbitration System's Legitimacy

Law360 (May 16, 2024, 4:48 PM EDT) — By Phillip Euell Within the world of investor-state arbitration, it has become widely acknowledged that the very investor-state dispute settlement, or ISDS, system...

May 20, 2024

What Can Ecuador Do to Address its Energy Emergency?

Phillip Leon Euell, of counsel at Diaz, Reus & Targ: “The root causes of Ecuador’s energy crisis are multifaceted, primarily driven by a severe drought affecting the country’s hydroelectric power...

May 14, 2024

Is Dissent Derailing Milei’s Reform Goals in Argentina?

Phillip Leon Euell, of counsel at Diaz, Reus & Targ: “The large-scale protests against President Javier Milei’s budget cuts to public universities in Argentina highlight a significant disagreement over fiscal...

May 8, 2024

The Commodities Exchange Act and Decentralized Finance: A Novel Enforcement Approach

By Phillip Euell, Of Counsel Decentralized cryptocurrency trading, commonly known as DeFi (Decentralized Finance), is increasingly adopting the functions of traditional financial exchanges. Consequently, DeFi is poised to play a prominent...

April 25, 2024

Safeguarding National Security Amidst Foreign Investment in Defense Tech

April 15, 2024 By Phillip Euell, Diaz Reus Of Counsel In recent years, the U.S. tech industry has seen a significant shift towards embracing national security and defense. This transition is part...

April 22, 2024

Colombia: ley de parto humanizado

Por Marcelo Buendía Vélez, Director Editorial de Legal Industry Reviews y Abogado Asociado de Diaz Reus Bogotá, y Ana Hernández, Directora Editorial de Legal Industry Reviews. Muchas mujeres han sido objeto...

April 10, 2024

Colombia: El informe 75 como mecanismo de prevención del delito

Por Alejandra Martínez Rodríguez, abogada de Diaz Reus Bogotá. En septiembre de 2023, la Superintendencia de Sociedades expidió la circular externa 100-000003, a traves de la cual creó el informe 75....

April 10, 2024

DRT Partner Evan Stroman Seeks Spoliation Sanctions for the Intentional Destruction of Evidence

Law360. By David Minsky. April 4, 2024 Two investors have urged a Florida state court to impose severe penalties on the managers of a hotel enterprise after WhatsApp text messages in...

April 8, 2024

It's not just the gangs: Bukele now faces the challenge of the Salvadoran economy

By Isabella Cota 4/2/2024 Phillip Euell does not hide his enthusiasm when he talks about his upcoming trip to San Salvador, the capital of El Salvador. The American lawyer went from being a...

April 3, 2024

Will a transition council for Haiti be seen as legitimate?

Phillip Leon Euell, of counsel at Diaz, Reus & Targ: “The legitimacy of a transitional council in Haiti, backed by U.S. and Caribbean leaders, currently faces significant challenges within the...

April 3, 2024

Influencer Andrew Tate BUSTED

With Greg Ahlgren – International Attorney-at-Law at the US-MX Law Group, Ltd. & DRT Alliance/Diaz Reus International Law Firm. Kickboxer and media influencer Andrew Tate charged with rape, human trafficking and...

March 31, 2024

South Africa: the constitutional validity of section 7(3) of the divorce act

By Odette Coetzee and Johan LeGrange. In broad terms, section 7(3) of the Divorce Act. Act 79 of 1979 provides that, where spouses married out of community of property get divorced, the...

March 21, 2024

What Will a Ruling Party Supermajority Bring El Salvador?

Phillip Leon Euell, of counsel at Diaz, Reus & Targ: “In the recent elections, President Nayib Bukele’s party, New Ideas, achieved a monumental victory, securing a supermajority in the Legislative...

March 4, 2024

What will a new energy minister mean for Peru?

Phillip Leon Euell, of counsel at Diaz, Reus & Targ, LLP: “Rómulo Mucho’s appointment marks a strategic effort to revitalize Peru’s energy and mining sector, confronting its numerous challenges with...

March 3, 2024

OFAC Should Loosen Restrictions On Arbitration Services

By Diaz Reus Partner Javier Coronado Diaz. Law360 (February 29, 2024, 4:42 PM EST) The Office of Foreign Assets Control, a vital arm of the U.S. Department of the Treasury, has...

March 3, 2024

Miami Lawyers Are Busy With This Litigation Surge

By Lisa Willis. Feb 28, 2024 Miami attorneys are at the center of an emerging wave of litigation from the region’s bustling tourism sector. And they say alcohol and the lack of...

February 28, 2024

Caps on Judgment Enforcement Fees

By Kenneth Linzer, Founding partner of Linzer Law Group and member of the DRT Alliance. California’s Code of Civil Procedure permits judgment creditors to recover their attorney’s fees incurred in...

February 14, 2024

Why 13 Trademark Infringement Lawsuits, With Hundreds of Defendants, Were Dismissed in Chicago

The National Law Journal. By Alex Anteau Schedule A trademark infringement cases have long been on the rise in the Northern District of Illinois. However, a recent wave of dismissals have raised...

January 24, 2024

Global Investigations around the World: Colombia

By Marcela Cristina Blanco and Marcelo Buendía. 1. Identify the highest-profile corporate investigation under way in your country, describing and commenting on its most noteworthy aspects. The highest-profile corporate investigation in Colombia...

January 12, 2024

USA: promulgada ley para acusar penalmente a funcionarios extranjeros por actos de corrupción

Javier Coronado, Socio de Diaz Reus en Miami, comenta la Ley de Prevención de la Extorsión Extranjera (“FEPA”, por sus siglas en inglés), aprobada el 14 de diciembre de 2023...

December 29, 2023

Colombia: Derecho penal: beneficio punitivo en caso de flagrancia fue declarado exequible

Por Marcela Blanco, Socia y responsable de la oficina de Diaz Reus en Bogotá. Recientemente se dio a conocer la Sentencia C-491 de 2023 a través de la cual la Corte...

December 12, 2023

Before The Bust, Miami’s Crypto Boom Attracted Many. Now It’s Luring Prosecutors

November 21, 2023 By Alexander Lugo Enforcement is stepping up in Florida as its financial sector matures, and crypto is leading the charge. A year since FTX’s downfall began, crypto lawyers...

December 5, 2023

Regulatory intelligence: Colombia: anti-money laundering

By Marcela Cristina Blanco and Marcelo Buendía. Colombia, a country that was once considered as a veritable incubator for money laundering activity, has become a regional leader in the fight against...

December 4, 2023

Pandora's Box is open and doing business: Miami attorney offers 2024 outlook

“If you’re doing just transactional work, you may want to look at expanding your horizons,” -Attorney Gary Davidson predicts new trends for the new year. December 04, 2023 The 2023 litigation landscape...

December 4, 2023

Guía legal para no perderse en el laberinto mundial de las sanciones

Expansión, Sergio Saiz, 20 Nov. 2023 Javier Coronado, Socio de Diaz Reus, comenta las sanciones internacionales de Estados Unidos, y en particular la suspensión de las sanciones relacionadas con Venezuela y...

November 21, 2023

Miami Wilds project in spotlight

The plan to build a waterpark near Zoo Miami has drawn fire from environmental advocates and support from tourism boosters. Opponent Ron Magill debated the plan with park manager Paul...

November 7, 2023

At Zoo Miami, Ron Magill draws a crowd. This time, to fight a zoo project: Miami Wilds

By Douglas Hanks Updated November 05, 2023 9:16 AM Ron Magill has spent his career in county government promoting Zoo Miami, but he arrived there Saturday morning to fight his employer’s project. Standing...

November 7, 2023

Joran Van Der Sloot GET THE h*ll out of us! The Latest On Natalee Holloway

Diaz Reus Partner Gary Davidson is interviewed by Nancy Grace about the murder of the Alabama teen Natalee Holloway by Joran Van Der Sloot in Aruba. LISTEN TO THE PODCAST

November 4, 2023

What Will Eased U.S. Sanctions Mean for Venezuela?

Javier Coronado, partner at Diaz, Reus & Targ, LLP: “The lifting of the sanctions gives PDVSA’s contractors more room to recover their debts and resume business operations. It may also...

October 30, 2023

Miami-Dade distances itself from Miami Wilds water park deal

New developments in the Miami Wilds water park deal indicate that Miami-Dade County is ready to step away. Miami Herald reporter Doug Hanks said County Mayor Daniella Levine Cava’s staff sent...

October 10, 2023

Letter from Miami Wilds to the Miami-Dade County

October 1, 2023 It is difficult to conceive that after 27 years of planning, a series of nearly always unanimous votes by the Miami-Dade County Commission furthering the waterpark project at Zoo...

October 4, 2023

Colombia: el delito como fuente de obligación de reparación de daños

Por Alejandra Martínez Rodríguez, Abogada Asociada de Diaz Reus en Bogotá (Colombia). Recientemente se dio a conocer la Sentencia SP216/2023, a través de la cual la Sala de Casación Penal de...

September 26, 2023

Interview of Bernard Zyscovich, one of Miami Wilds Waterpark developers

Watch the interview here

September 24, 2023

Ciberseguridad en República Dominicana: plan y defensa

Por Rizek Abogados, despacho miembro de DRT Alliance en República Dominicana República Dominicana ha implementado normativas en ciberseguridad, incluyendo la ley núm. 53-07 de Crímenes y Delitos de Alta Tecnología, el...

September 18, 2023

White-Collar Crime in the United States

Michael Diaz, Jr. and Javier Coronado answer 28 questions about white collar crime in the USA for The Legal 500 Country Comparative Guides. 1. What are the key financial crime offences...

September 5, 2023

South Africa: the proportionality inquiry in civil asset forfeiture cases under POCA

By Odette Coetzee and Johan LeGrange, from DRT South Africa. Organised crime poses a very serious threat to the security and stability on any country. It is common cause that conventional...

August 25, 2023

“HEARTTHROB PRIEST” Flees to Italy w/ Teen Girl he “GROOMED”

Greg Ahlgren is interviewed. An investigation is underway related to former priest Alex Crow. The 30-year-old and an 18-year-old girl fled to Italy were they are reportedly staying in an Airbnb...

August 14, 2023

Los asombrosos montos por lavado de dinero en Venezuela de los últimos años

Se recuerda cómo en el año 2018, Alejandro Andrade fue condenado en Estados Unidos a 10 años de prisión por lavado de dinero y se convirtió en la figura más...

August 9, 2023

PROME BUFETE AMERICANO TA ESTABLECE SU MES NA ARUBA

Dia 28 juni 2023 a tuma luga na Miami e acuerdo oficial pa e establecimento di e prome bufete Americano riba e islanan di Caribe Hulandes, en particular Aruba. Y...

July 3, 2023

DRT se expande en el Caribe Holandés

Diaz Reus International Law Firm (DRT), que opera en los cinco continentes, a través de 34 oficinas en centros comerciales clave, ofreciendo una práctica global centrada en procedimientos paralelos nacionales...

June 30, 2023

Diaz Reus amplía su presencia en Aruba con la incorporación de DKLegal a la DRT Alliance

Diaz Reus International Law Firm (DRT) , que opera en los cinco continentes, a través de 34 oficinas en centros comerciales clave, ofreciendo una práctica global centrada en procedimientos paralelos...

June 30, 2023

Sanctions: businesses prepare for latest twist in geopolitical saga between the West and China

Michael Diaz, Global Managing Partner of Miami-based Diaz Reus, warns that the West’s approach in respect of China will have consequential effects for both sides. ‘China will be limited...

June 16, 2023

Will Corporate Defaults Worsen in Latin America?

By Jorge Schmidt, Of Counsel at Diaz Reus International Law Firm in Miami. “Multiple analysts have pointed out that the threat that rising borrowing costs pose to companies in emerging markets...

June 16, 2023

Colombia: El delito de acoso sexual en entorno laboral

Por Marcela Blanco Recientemente, se profirió la Sentencia SP124-2023, a través de la cual la Sala de Casación Penal de la Corte Suprema de Justicia realizó un análisis de tipicidad sobre...

June 15, 2023

Colombia: Laudo sin precedentes: implicaciones y expectativas

Por Marcelo Buendía y Andrea Hernández. El pasado 8 de junio se emitió un laudo muy esperado, el del Tribunal Arbitral Internacional (Cámara de Comercio Internacional, sede Nueva York) en el...

June 15, 2023

Marta Colomar-Garcia y Michael Diaz, Jr., en el Salón de la Fama de Vida & Exito

La revista Vida y Exito presenta una selección de cuarenta destacados abogados en Latinoamérica, entre los cuales Marta Colomar-Garcia, Socio Directora Administrativa de Diaz Reus, y Michael Diaz, Jr., Socio...

June 6, 2023

Diaz Reus International Law Firm, Servicios integrales para sus clientes

Sus socios y abogados tienen un gran conocimiento de Latinoamérica, ya que han llevado casos trasfronterizos entre Estados Unidos y América Latina, desde hace 37 años. El bufete internacional y sus...

June 6, 2023

‘Tribal’ world creates complications and opportunities for law firms

By Chris Crowe, for the International Bar Association – IBA – Tuesday 25 April 2023 ‘The world at large, geopolitically, politically and business-wise has become more tribal, and this trickles down to...

April 27, 2023

South Africa's fight against corruption in its Public Procurement Process

By Johan LeGrange and Odette Coetzee, Of Counsels in the Diaz Reus South Africa office. Section 217 (1) of the Constitution of South Africa provides for procurement, and that when an...

April 26, 2023

Metaverso en Colombia: la importancia del primer paso

Marcelo Buendía, Abogado Asociado de Diaz Reus en Bogotá y Director Editorial de la revista The Legal Industry Reviews, comenta la primera audiencia en el metaverso en Colombia. LEER MÁS

April 26, 2023

La reforma penal y penitenciaria en Colombia

Por Marcela Blanco, Socia y Responsable de la oficina de Díaz Reus en Bogotá. La agenda del Gobierno Nacional estará a tope por los próximos 365 días y no es para...

March 15, 2023

White-collar crime in the United States

Michael Diaz, Jr. and Javier Coronado answer 28 questions about white collar crime in the USA for The Legal 500 Country Comparative Guides. 1. What are the key financial crime offences...

March 14, 2023

Unsolved: Ohio Architect, Fiancee Murdered in Mexico

Diaz Reus Partner Gary Davidson is interviewed in “Crime stories with Nancy Grace”, about the murder of Ohio architect José Gutierrez and his fiancée Daniela Pichardo in Mexico. LISTEN TO THE...

March 8, 2023

Diaz Reus promotes partner in Miami

Leaders League – Feb 17, 2023 Miami-based global law firm Diaz Reus International Law Firm (DRT) has announced the promotion of Evan J. Stroman to partner. “Evan’s practice involves a broad range...

March 7, 2023

Evan J. Stroman, promovido a Socio en Díaz Reus International Law Firm

Por Vida & Exito 20 de enero de 2023 El bufete de abogados Internacional, Díaz Reus International Law Firm (DRT), con sede en Miami, se complace en anunciar que Evan...

January 26, 2023

Evan J. Stroman, promovido a Socio de la firma Diaz Reus International Law Firm

Por Negocios Magazine 20 de enero de 2023 El bufete internacional DIAZ REUS International Law Firm, con sede en Miami, se complace en anunciar que Evan J. Stroman ha sido nombrado Socio...

January 25, 2023

Estrellas de la abogacía española que triunfan en Estados Unidos

Desde grandes despachos hasta ‘boutiques’ propias, el talento español es bienvenido en las principales plazas. Marta Colomar-Garcia, Socia Directora Administrativa de Díaz Reus, es una de los profesionales destacados. LEER MÁS

January 24, 2023

Global Investigations in the world: Colombia

By Marcela Cristina Blanco and Marcelo Buendía. Boards and senior executives have never been more concerned that they or their organisation may come under the scrutiny of enforcement authorities. And with...

January 11, 2023

The Top 10 Stories Of 2022

By David Lat. Reviewing these stories offers a quick way of looking back on an eventful year for law and the legal profession. Last year was a successful one here at Original...

January 6, 2023

Diaz Reus, con presencia en cinco continentes

Con oficinas en 33 países, la firma legal brinda servicios integrales en una amplia gama de transacciones empresariales y comerciales para satisfacer las necesidades du sus clientes más allá de...

December 27, 2022

¿Héroe o villano?: España investiga a intermediario estrella del gobierno EEUU por supuesta extorsión de exfuncionarios venezolanos

Un trabajo colaborativo coordinado por el Consorcio Internacional de Periodistas Investigadores (ICIJ) en asocio con Univision Investiga y medios de Europa y América Latina, tuvo acceso a documentos y entrevistas...

December 27, 2022

Miami case dropped: torture claims

A former employee of Dubai Islamic Bank (DIB) who had filed a lawsuit in the US against the bank and a Dubai government official, claiming that he was tortured while...

December 19, 2022

Ex-Green Beret Says Emirati Bigwig Targeted Him in ‘Total War’

Scott Butler claims his business partner had him falsely arrested, got his passport seized, and swindled him out of a multi-million-dollar villa. When a garden-variety business dispute turned ugly, an ex-U.S....

December 19, 2022

Colombia: reforma tributaria: Cárcel para evasores de impuestos: es suficiente?

Por María José Uribe Gonzaléz El pasado 17 de noviembre, el Congreso de la República aprobó una controversial reforma tributaria en donde se presentan importantes cambios en la forma de tributación...

December 12, 2022

Girls' Lux Get Away Turns Deadly: sick video emerges

Diaz Reus Partner Gary Davidson is interviewed in “Crime stories with Nancy Grace”, about the death of Shanquella Robinson while vacationing in Mexico. LISTEN TO THE PODCAST

November 28, 2022

The CDC as We Know It Has to Go

By Diaz Reus Of Counsel, Brant C. Hadaway, B.C.S. Like most people at the beginning of 2020, I was minding my own business, doing my job, and planning for the future....

November 25, 2022

Is Panama Getting Better at Fighting Public Corruption?

Jaime A. Jácome de la Guardia, local partner at Diaz Reus in Panama: “After evaluating an investigation carried out over more than seven years, the Panamanian Judicial Court has ordered...

November 18, 2022

South Africa: States' duties: protecting human rights vs. implementing counter-terrorism measures

By Odette Coetzee and Johan LeGrange, from the Diaz Reus South Africa office. Internationally. all States have a right and a duty to take effective counter-terrorism measures to prevent and deter...

November 9, 2022

Review of OFAC sanctions: indispensable requirement when doing business with Venezuela

Regarding the reopening of the border between Colombia and Venezuela, and the commercial opportunities that this could entail, the Bogotá Office of Diaz Reus reminds the importance of complying with...

November 8, 2022

Michael Diaz, Jr., visión global de las leyes

Entrevista de Michael Diaz, Jr., Socio Director Global de Diaz Reus International Law Firm, por Vida & Exito. LEER MÁS

November 1, 2022

Colombia: Tribunal reconoce error de tipo en porte ilegal de armas

Por Marcela Blanco, Socia responsable de la oficina de Diaz Reus en Bogotá. En el ano 2017, un hombre de nacionalidad estadounidense llegó desde su pais de origen al Aeropuerto Internacional...

October 25, 2022

FinCEN Releases Beneficial Ownership Information Reporting Requirements for Business Entities to Protect National Security and Financial System

By: Michael Diaz, Javier Coronado, and Zhen Pan On September 29, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued its final rule for the implementation of...

October 20, 2022

While Venezuela’s Former Treasurer Was in Jail, His Ex-wife Bought Property in Florida

by Frank Lopez Ballesteros 10/15/2022 Approached by Itempnews on multiple occasions during 2022, by phone and e-mail, Michael Diaz, Jr., Andrade’s US attorney, declined to answer questions. As time went on with...

October 18, 2022

José Alfredo Rizek: La ‘Ley de Medios Digitales’ será un hito relevante en República Dominicana

José Alfredo Rizek, socio gerente de Rizek Abogados y miembro de la Alianza DRT (DRT Alliance), nos habla del foco de práctica de la firma: el sector de las telecomunicaciones...

September 13, 2022

White-collar crime in the United States

Michael Diaz, Jr. and Javier Coronado answer 28 questions about white collar crime in the USA for The Legal 500 Country Comparative Guides. 1. What are the key financial crime offences...

September 8, 2022

Pharmacist-Bride Bludgeoned Dead on Fairytale Honeymoon

Diaz Reus Partner Gary Davidson was interviewed in “Crime stories with Nancy Grace”, about a honeymoon quarrel which led to the brutal death of a Tennessee woman at an uber-luxury...

August 30, 2022

How Can Colombia’s Gov’t Better Fight Money Launderers?

Marcelo Buendía Vélez, associate attorney at the Bogotá office of Díaz Reus and former prosecutor in Colombia’s anti-money laundering unit: “Colombia has invested a significant amount of resources in the...

August 23, 2022

Colombia: Reconocimiento de la calidad de victima al interior del proceso penal

Por María José Uribe González, Abogada Asociada de Diaz Reus International Law Firm. El pasado 20 de abril de 2022, la Corte Suprema de Justicia, a través de la Sentencia STC4633...

August 23, 2022

Derecho penal en Colombia: Aplicación 1782: una herramienta eficaz para la obtención de evidencias en Estados Unidos

Por Javier Coronado, Socio de Diaz Reus International Law Firm. El creciente movimiento de individuos, empresas y capitales hacia Estados Unidos puede ser un desafío para la obtención de información y...

June 23, 2022

Diaz Reus International Law Firm (DRT) incorpora nuevos talentos a su grupo de investigaciones del bufete

Miami, 26 de mayo de 2022 – Diaz Reus International Law Firm (DRT) se complace en anunciar la incorporación de dos nuevos miembros a los grupos de Inteligencia Empresarial, Investigaciones,...

May 28, 2022

El Grupo de Investigaciones, Cumplimiento y Delitos de Cuello o Guante Blanco de DRT se amplía y añade talento

Diaz Reus International Law Firm (DRT) se complace en anunciar la incorporación de dos nuevos miembros a los grupos de Inteligencia Empresarial, Investigaciones, Cumplimiento y Cuello Blanco de la firma. Alex...

May 28, 2022

El hecho que defensa de “JOH” peleó para que no fuese extraditado será difícil que le otorguen fianza, según exfiscal de EE.UU.

Para el penalista y exfiscal de Estados Unidos, Mike Díaz, quien habló en exclusiva vía teléfono con el periodista hondureño Carlos Martínez, el hecho que la defensa del expresidente de...

May 11, 2022

El Fraude De Wirecard A La Luz de la Auditoría Forense

Por Carlos Fernando Salazar S., de CFS Investigaciones Estratégicas, compañía de consultoría en temas de Investigaciones, Riesgos y Servicios Forenses, con sedes en Bogotá, Barranquilla, Panamá y Miami. El paradigma de...

May 8, 2022

Noticias de Derecho Penal En Colombia

Por Marcela Blanco, Socia Directora de Diaz Reus Bogotá. El pasado 9 de febrero de 2022, por medio de la Sentencia SP229-2022, la Sala Penal de la Corte Suprema de Justicia...

May 4, 2022

¿Prosperaría una solicitud de recusación contra la fiscal Angélica Monsalve?

W Radio consultó a varios abogados sobre las declaraciones de la fiscal Angélica Monsalve, a propósito de su diálogo con el abogado Jaime Lombana. Marcelo Buendía, Abogado Asociado de Diaz Reus...

May 3, 2022

Is Chile’s Rewrite of the Constitution Going Off Course?

Michael Diaz, managing partner, and Eric Pons, associate attorney at Diaz Reus: “The words of Jean-Jacques Rousseau adequately capture the social and political undercurrents in Chile: ‘In truth, laws are...

April 18, 2022

Nigeria’s $10 Billion Article V(1)(e) Off-Ramp and the Niggling Issue of Set-Aside or Annulled Awards

By Prince-Alex Iwu, Associate Attorney. The permissive language of Article V(1)(e) of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”) continues to tease parties...

April 1, 2022

Does the U.S. Want Warmer Relations With Maduro?

Javier Coronado and Eric Pons, partner and associate attorney, respectively, at Diaz Reus: “It is uncertain what opportunity, if any, the war in Ukraine will create for the United States...

March 21, 2022

Yani Rosenthal: Después de 6 años y medio estoy empezando a ver frutos

19 de marzo de 2022 El presidente del Consejo Central Ejecutivo del Partido Liberal (CCEPL), Yani Rosenthal, dijo estar alegre por ser eliminado oficialmente de la lista “negra” de la Oficina...

March 19, 2022

Se Hizo Justicia: “Yani Rosenthal fuera de la lista OFAC” revela apoderado Mike Díaz

18 de marzo de 2022 OFAC determino remover al señor Yani Rosenthal de su lista. Significa que Yani Rosenthal es libre y limpio de culpa, con esta resolución Yani Rosenthal...

March 18, 2022

Yani Rosenthal queda fuera de la lista de OFAC

18 de marzo de 2022 La Oficina de Control de Activos Extranjeros (OFAC) del gobierno de los Estados Unidos, quitó al empresario Yani Rosenthal de su lista después de más de...

March 18, 2022

OFAC ALERT: The U.S. Government Expands Its Russia-Related Sanctions

On February 21, 2022, President Biden signed Executive Order (E.O.) 14065 “Blocking Property of Certain Persons and Prohibiting Certain Transactions with Respect to Continued Russian Efforts to Undermine the Sovereignty...

February 27, 2022

Colombia: ley 2195 de prevención de los actos de corrupción

Por María José Uribe González, abogada asociada de Díaz Reus en Bogotá. El pasado 18 de enero de 2022, el presidente de la República sancionó la Ley 2195 de 2022, la...

February 22, 2022

Alejandro Andrade, exescolta y tesorero de Hugo Chávez fue liberado en EEUU

16 de febrero de 2022 ” Como residente legal de Estados Unidos, hoy finalmente estará en compañía de su querida familia y feliz de haber cumplido con su sentencia y obligaciones...

February 20, 2022

Former PDVSA general counsel avoids prison

April 21, 2021 A Miami federal court on 21 April sentenced Edoardo Orsoni, a former general counsel at Venezuela’s state-owned oil company PDVSA, to three years’ probation. Orsoni is the latest...

February 20, 2022

Qué pasa con los millones de dólares de la corrupción en Venezuela decomisados en EE.UU.?

“Es el caso más grande en la historia de Florida bajo la Ley de Prácticas Corruptas en el Extranjero”, dice a BBC Mundo el abogado Michael Díaz, director principal del...

February 20, 2022

Post-pandemic legal practice: is there really a change?

By Marcela Blanco, Partner, and Marcelo Buendía, Associate Attorney, DRT Bogotá. The pandemic has certainly impacted our legal profession. This is undeniable. In Colombia, for example, the pandemic brought many...

February 7, 2022

Colombia: Proyecto de Ley 266 de 2021: ¿Realmente ayudará a la seguridad ciudadana?

Proyecto de Ley 266 de 2021: ¿Realmente ayudará a la seguridad ciudadana? Por Javier Coronado, Socio de Diaz Reus. El pasado 17 de noviembre, el Gobierno presentó el proyecto de ley 266/2021...

December 16, 2021

Private Placement Life Insurance in Estate Planning and Income Tax Planning: Understanding and Utilizing a Misunderstood Asset Class and Financial Product

By DRT Alliance member Steven A. Horowitz, Esq., and Henry Montag, CFP* Horrowitz Rubenstein and The TOLI Center East Long Island N.Y. Over the past 30 plus years the life insurance industry has...

November 30, 2021

Diaz Reus: Líderes en servicios globales

Con 23 años de trayectoria la firma se ha consolidado como una de las más sólidas y con amplia experiencia en casos trasfronterizos entre los Estados Unidos y América Latina. LEER...

November 2, 2021

Top Enforcement Officials Eye Individual Prosecutions, Crypto

Law360, Miami (October 27, 2021, 7:49 PM EDT) — A group of top U.S. government attorneys on Wednesday laid out their agencies’ priorities for white-collar enforcement, emphasizing cases involving cryptocurrency,...

October 28, 2021

Will AMLO’s Energy Counter-Reforms Be Successful?

Greg Ahlgren, partner at Diaz, Reus & Targ: “Halfway through his presidential term, AMLO continues to exalt the virtues of state-owned enterprises, but the underlying economic rationale, if it exists,...

October 26, 2021

DRT Colombia: novedades de Derecho penal

Por Marcela Cristina Blanco, Socia y responsable de la oficina de Diaz Reus en Bogotá. Reintegro del Valor Defraudado en Sentencia Anticipada. El pasado 25 de agosto de 2021, la Sala Penal...

October 18, 2021

Will the G7 Counter China’s Influence With Infrastructure?

Zhen Pan, associate attorney at Diaz, Reus & Targ: “There is always a need for better infrastructure, particularly in developing countries. The need has only become greater, given the Covid-19...

October 17, 2021

Qué pasa con los millones de dólares de la corrupción en Venezuela decomisados en EE.UU.

“Es el caso más grande en la historia de Florida bajo la Ley de Prácticas Corruptas en el Extranjero”, dice a BBC Mundo el abogado Michael Díaz, director principal del...

October 17, 2021

ABA, the year in review: International Section Ethics Committee

Diaz Reus partner Roland Potts, Editor of the International Section Ethics Committee of the American Bar Association, wrote Chapter 5: Ethical Obligations of Arbitrators in Cases Tainted by Corruption. READ MORE

August 19, 2021

Industria Legal: Colombia

Noticias de Diaz Reus Colombia, publicadas en Industria Legal. Derecho penal: El Procesado Puede Aceptar los Cargos de Forma Condicionada (por Javier Coronado, Socio). DRT_ Industria Legal, COL, Vol. 5, Ago. 2021

August 16, 2021

Meet the Foreign Corrupt Practices Act unit prosecutors

Congratulations to all GIR honorees, including Diaz Reus partner Richard Wiedis READ MORE

July 30, 2021

European Businesses Must Seemingly Choose Between U.S. Sanctions or Penalties Under the European Union’s Blocking Statute

On May 12, 2021, an Advocate General (“AG”) of the European Union (“EU”), Jan Mazak, released an opinion (the “Opinion”) stating that Telekom Deutschland GmbH (“Telekom Deutschland”), an EU company,...

July 16, 2021

Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal

JOHANNESBURG (miningweekly.com) – Alluvial diamond mining investor Yamkela Makupula has clinched an alluvial diamond mining transaction which makes her a 30% shareholder in three diamond assets that have a link...

July 8, 2021

Ley Global Magnitsky y los controles financieros en Centroamérica

Las autoridades de Estados Unidos han enviado los mensajes a los países del Triángulo Norte de Centroamérica en los últimos seis meses sobre la utilización de los instrumentos de sanción...

July 3, 2021

Cómo EE. UU. ha aumentado los controles financieros en solo 6 meses a Centroamérica

Las autoridades de Estados Unidos han enviado los mensajes a los países del Triángulo Norte de Centroamérica en los últimos seis meses sobre la utilización de los instrumentos de sanción...

July 2, 2021

Dead on Vacation: Aspiring filmmaker attacked, murdered on Jamaican getaway

Desiree Gibbon, 26, works as a model but has plans to attend film school in Europe to be a director. Not wanting to rely on her family to pay for...

June 25, 2021

Dead on vacation: Father demands answers about daughter’s mysterious death at Cancun resort

Abbey Conner, 20, and her brother Austin, 22, were both found floating in the pool-side bar at an Iberostar hotel in Playa del Carmen. Abbey Conner died days later, but...

June 24, 2021

The local judiciary has accepted that attorney Peter Karam is no longer the subject of an extradition request from Argentina. The matter came up for a hearing before Chief Magistrate...

June 24, 2021

Algo se mueve en Miami y lo hace cada vez más rápido. La gran ciudad del sur de Florida se ha convertido en un imán para gente y dinero de otros...

June 24, 2021

Dead on vacation: Father demands answers about daughter’s mysterious death at Cancun resort

Abbey Conner, 20, and her brother Austin, 22, were both found floating in the pool-side bar at an Iberostar hotel in Playa del Carmen. Abbey Conner died days later, but...

June 22, 2021

Peter Karam no longer under threat of extradition

The local judiciary has accepted that attorney Peter Karam is no longer the subject of an extradition request from Argentina. The matter came up for a hearing before Chief Magistrate...

June 20, 2021

Qué pasa con los millones de dólares de la corrupción en Venezuela decomisados en EE.UU.?

"Es el caso más grande en la historia de Florida bajo la Ley de Prácticas Corruptas en el Extranjero", dice a BBC Mundo el abogado Michael Díaz, director principal del...

May 21, 2021

Legal battle over Venezuela's looted billions heats up

Venezuela’s interim government wants access to funds confiscated in the US from corrupt officials, saying it belongs to the Venezuelan people. But US officials appear to have other plans. The...

May 21, 2021

The key to an integrated Africa

By Yamkela Makupula, CEO of Diaz Reus Africa in Johannesburg, and leader of its Africa growth strategy division. The Covid-19 pandemic has dragged African economies into a fall of about...

May 19, 2021

Attorney Peter Karam To Appear Before Judge In Argentina; On $1.2million Bail

Attorney Peter Karam, who is seeking to avoid being extradited to Argentina, has agreed to appear before a judge in that South America country in connection with a multi-million dollar...

May 18, 2021

Peter Karam avoids extradition and prison

An Interpol Red Notice for TCI attorney Peter Karam has been lifted, and a request for his extradition to Argentina to testify in court has been suspended. On Monday, May...

May 15, 2021

Yamkela Makupula: "Decolonising Africa’s economies is the solution to an integrated continent"

The Covid-19 pandemic has dragged African economies into a fall of about 1.4% in GDP, with smaller economies facing a contraction of up to 7.8%. This has forced many already poor...

May 14, 2021

Yamkela Makupula: "Infrastructure greatest impediment that keeps Africans apart"

Ms Yamkela Makupula, Chief Executive Officer of Diaz Reus, an International Law Firm in Johannesburg South Africa, has identify infrastructure as the greatest impediment that keeps Africans apart and divided. She...

May 14, 2021

Desactivan un pedido de captura contra uno de los abogados que asistió a Daniel Muñoz para que invirtiera 30 millones de dólares de la corrupción en Turks and Caicos

El juez Julián Ercolini, a cargo del juzgado que era del fallecido Claudio Bonadio, dejó sin efecto ayer la orden de captura nacional e internacional que pesaba sobre el abogado...

May 12, 2021

Lost grave of Black Miami rookie cop killed 40 years ago finally found, police say

In the morning hours of Sept. 2, 1981, a rookie cop by the name of Nathaniel Broom stopped a Volkswagen Beetle on a Miami street corner with three men inside...

May 9, 2021

Former PDVSA general counsel avoids prison

A Miami federal court on 21 April sentenced Edoardo Orsoni, a former general counsel at Venezuela’s state-owned oil company PDVSA, to three years’ probation. Orsoni is the latest to be...

May 2, 2021

OFAC Sanctions Guatemalan Officials

On April 26, 2021, the OFAC sanctioned the Chief of Staff for former president Alvaro Colom and an elected delegate to the Congress of the Republic of Guatemala, pursuant to...

May 2, 2021

Attorney returns to TCI court in May for extradition proceedings

Attorney Peter Karam is set to appear before Chief Magistrate Jolyon Hatmin on May 11, in relation to an extradition request from Argentina. He is wanted in the South American...

April 30, 2021

Three US moms’ deadly plastic surgery, South of the Border

Diaz Reus Partner Gary Davidson warns about the dangers of medical tourism worldwide and the legal risk taken by patients outside of the United States.

April 29, 2021

Unleashing Central America's Growth Potential

The synthesis report analyzes the main findings of the Unleashing Central America’s Growth Potential Study, focusing on productivity and export performance of the region over the past three decades and...

April 28, 2021

Punto a favor del arbitraje: Sentencia 15 de febrero del Constitucional

Por Tomás Villatoro, Socio de Ius + Aequitas, miembro de la alianza DRT (DRT Alliance) en España. El pasado 15 de febrero de 2021 el Tribunal Constitucional ha estimado el recurso...

April 20, 2021

The U.S. Government Expands Its Russia-Related Sanctions

On April 15, 2021, the U.S. President signed an Executive Order “Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation” (the “E.O.”). In...

April 20, 2021

The Façade of COVID-19 Class Action Litigation Against China Under the Foreign Sovereign Immunities Act

In recent weeks, at least seven class action lawsuits have been filed in federal district courts throughout the United States against the government of the People’s Republic of China (the...

April 16, 2021

Why Is AMLO Trying to Roll Back Mexico’s Energy Reforms?

Greg Ahlgren, partner at Diaz, Reus: “Andrés Manuel López Obrador’s policy proposals seek to energize support for his party prior to the midterm elections in June. Consistent with his nationalist...

April 16, 2021

Colombia: El juez penal puede ordenar la restitución de inmuebles poseídos por terceros de buena fe

Por Javier Coronado, Socio de Diaz Reus en Bogotá. Recientemente, la Sala de Casación Penal de la Corte Suprema de Justicia (“la Corte”) publicó la sentencia SP-4367-2020 del 11...

April 16, 2021

Entrevista exclusiva de Michael Diaz, Jr. en Globo TV Honduras: Extradiciones o negociaciones en los Estados Unidos en los casos de narcotráfico y lavado de activos. Por qué vale tanto...

April 15, 2021

‘Winners are born in the midst of a crisis’ – top economic advisor Yamkela Makupula

"She's young, shs's dynamic, and she's going places many of us don't even dream of. The youngest ever partner in PricewaterhouseCoopers and now CEO of Diaz Reus Africa, Yamkela Makupula...

April 2, 2021

Southern District of Florida Takes Sweeping Action Against CARES Act Fraud

The United States Attorney for the Southern District of Florida, the Acting Assistant Attorney General of the United States Department of Justice’s Criminal Division, and representatives from their partner law...

March 26, 2021

Exfuncionario de la administración de Maduro se declara culpable ante la Justicia de EEUU por cargos de soborno y lavado de dinero vinculado a CITGO

Un ciudadano estadounidense-venezolano y ex funcionario de Citgo Petroleum Corporation, bajo la administración de Nicolás Maduro, se declaró culpable por su papel en el lavado de millones de dólares en...

March 24, 2021

Former Citgo executive pleads guilty to accepting $7 million in bribes

Marcy de Luna, Houston Chronicle March 23, 2021 A former Citgo official is the latest person to plead guilty in the federal investigation of bribery at Petróleos de Venezuela S.A. PDVSA, the...

March 24, 2021

Miami-Dade County could award $13.5M for Miami Wilds hotel, water park project

By Matthew Arrojas – Reporter, South Florida Business Journal Nov 9, 2020, 12:42pm EST Miami Wilds is closer to becoming a reality, as the Miami-Dade County Commission will review a proposal...

March 24, 2021

Venezuelan Business Executive Charged in Connection with International Bribery and Money Laundering Scheme

A dual Venezuelan-Italian citizen who controlled multiple companies via U.S. based bank accounts was charged in an indictment returned Tuesday for his role in laundering the proceeds of inflated contracts...

March 24, 2021

Six U.S. Oil Executives Are Convicted of Corruption in Venezuela

By The Associated Press Published Nov. 26, 2020 Updated Nov. 27, 2020, 5:47 a.m. ET CARACAS, Venezuela — A Venezuelan judge on Thursday found six American oil executives guilty of a wide-ranging...

March 24, 2021

La “Ley de segunda oportunidad” como alternativa para la salvaguarda patrimonial societaria

AUTOR Pablo Martínez Varela España, una realidad de PyMES Somos un país de PyMES. El tejido empresarial español está conformado, en su mayoría, por empresas de las denominadas PyMES. Las pequeñas y medianas...

March 24, 2021

Riesgos Penales Relacionados con la Pandemia

Por Javier Coronado Desafortunadamente, los criminales ven en la emergencia causada por el coronavirus una oportunidad para lucrarse. Por esta razón, ha incrementado notablemente el riesgo de que las empresas e...

March 24, 2021

Diaz Reus' Jeff Zhao on China's Relations With Latin America

The Latin America Advisor’s latest video features Xingjian “Jeff” Zhao, partner at Diaz Reus International Law Firm & Alliance and head of the Shanghai office, who spoke with editor Gene...

March 24, 2021

China y América Latina: las nuevas apuestas económicas de las empresas del país asiático en la región

En diálogo con BBC Mundo desde Shanghái, Xingjian Zhao, miembro de la firma de abogados Diaz Reus y analista de relaciones internacionales, explica que a largo plazo China intenta reemplazar...

March 24, 2021

Get to Know the Miami Lawyer Behind High-Profile Venezuelan Prosecutions

Michael B. Nadler has switched sides and is now a criminal defense partner at Stumphauzer Foslid Sloman Ross & Kolaya in Miami. By Michael A. Mora | December 21, 2020 at...

March 24, 2021

How the DOJ’s 1MDB investigation unfolded

The US Department of Justice’s corruption investigation into Malaysia’s development fund 1MDB was one of the most significant in history. US prosecutors picked apart a web of schemes that unearthed...

March 24, 2021

2020 Compliance Developments in Colombia

By Marcela Blanco, Partner, and Javier Coronado, Associate Attorney, DRT Colombia. DRT Colombia is well-known for its white collar, compliance, and corporate practices. Our team of bilingual attorneys certified in anti-money...

March 24, 2021

DRT Miami Year in Review: 2020 FCPA Enforcement

By Michael Diaz, Jr., Global Managing Partner, Diaz Reus International Law Firm & Alliance (DRT) DRT Miami has earned recognition for its work in representing clients in white-collar cases, including cases...

March 24, 2021

Border measures and the fight against counterfeiting in the Republic of Guatemala: some notes of reflection on its importance and actions that can be taken immediately.

By Juan Sebastián Soto L. founding partner, A.D. Sosa & Soto/ Innova IP, member of DRT International Law Firm & Alliance in Guatemala. Border measures consist of actions aimed at preventing...

March 24, 2021

What Has the Digital Silk Road Brought to Latin America?

By Xingjian “Jeff” Zhao, Partner, Head of the DRT Shanghai office. “As the legend goes, when Henry Kissinger asked Premier Zhou Enlai about the lasting impact of the French Revolution at...

March 24, 2021

Argentina court keeps country’s enforcement efforts on track

James Thomas and Ines Kagubare 12 January 2021 A 2020 ruling by Argentina’s top criminal court reaffirming the constitutionality of its cooperating defendant law has prevented the derailment of the country’s biggest...

March 24, 2021

The petroleum industry in Nigeria

By Mohammed A. Abubakar, Partner. “What a year!” This expression aptly describes the general reaction of people globally towards the realities of the year 2020. It was a year that was...

March 24, 2021

The Department of State Redesignated Cuba on the SST List

On January 11, 2021, the U.S. Department of State (“DOS”) redesignated Cuba on the List of State Sponsors of Terrorism (“SST List”) for “repeatedly providing support for acts of international...

March 24, 2021

Year 2020 in review: Panama

2020 has undoubtedly been a unique year, for my country, Panama, the year began with a long list of challenges to face, which made it look complicated and demanding of...

March 24, 2021

The impact of COVID-19 on The Sub-Saharan African economy has caused the first recession in 25 years

January 20, 2021 “The impact of COVID-19 on The Sub-Saharan African economy has caused the first recession on the continent in 25 years. Also, Africa is unlikely to rebound to pre-covid...

March 24, 2021

Miami and China: Money Laundering Scenarios

A high percentage of organized crime comes from Latin America, that is why the proximity of South Florida with respect to that part of the continent makes Miami, from a...

March 24, 2021

Interview of Marta Colomar, a Prestigious Women Awards Honoree

By Karen Moros, January 27, 2021 Qualified in Florida, New York, District of Colombia, and Spain, Marta Colomar is the Administrative Managing Partner of the global law firm Diaz Reus International...

March 24, 2021

Diaz Reus promotes partner in Bogotá

February 1, 2021 Miami-based global law firm Diaz Reus International Law Firm & Alliance (DRT) has promoted Javier Coronado to the position of partner in its Bogotá office, and who is...

March 24, 2021

OFAC Licenses Transactions With Venezuela’s Maritime Authority

On February 2, 2021, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 30A extending the authorizations in OFAC’s regulations for certain transactions involving air and...

March 24, 2021

Homeland Security seizes $250 million from convicted ex-Venezuelan treasurer

Jay Weaver, December 13, 2019 Federal agents have seized $250 million from convicted ex-Venezuelan national treasurer Alejandro Andrade, who is serving a 10-year prison sentence for his central role in a...

March 24, 2021

Las facultades de las víctimas en la investigación penal

Por Marcela Cristina Blanco y Javier Coronado, Socios de Diaz Reus Bogotá. Recientemente, la Sala de Casación Penal de la Corte Suprema de Justicia en la sentencia SP-3579-2020 (23.09.2020) analizó la...

March 24, 2021

‘We lied’: NY prosecutors face heat in botched sanction case

By Joshua Goodman | AP Feb. 23, 2021 at 10:43 p.m. GMT+1 MIAMI — Federal prosecutors in New York acknowledged telling a “flat lie” to a criminal defendant’s legal team while trying to downplay...

March 24, 2021

South Africa leads backlash against big pharma over Covid vaccine access

The Guardian, Kaamil Ahmed February 12, 2021 Pressure mounts for patent waivers to allow poorer countries to develop their own manufacturing capacity to boost availability. The domination of global medicine by major pharmaceutical...

March 24, 2021

DRT Africa assists the South African Diamond Producers

The Johannesburg office of Diaz Reus International Law Firm & Alliance (DRT Africa) is assisting the South African Diamond Producers (SADPO) with changes on a South African Parliament Bill that...

March 24, 2021

Roberto J. Argüello: "Yani Rosenthal cumplió su pena en EEUU y no hay más cargos contra él"

Roberto J. Arguello, Presidente de CEO Advisors, es entrevistado por Maya TV a propósito de la candidatura de Yani Rosenthal a la presidencia de la República de Honduras. Menciona al...

March 24, 2021

Former Venezuelan official pleads guilty in connection with international bribery and money laundering scheme

A dual U.S.-Venezuelan citizen and former official at Citgo Petroleum Corporation has pleaded guilty for his role in laundering millions of dollars in bribes and corruptly providing business advantages. Citgo is...

March 24, 2021

Hugo Chavez’s ex-nurse indicted in US for money laundering

Hugo Chávez’s former nurse has been charged with money laundering in a Miami federal court, accused of taking bribes from a billionaire media mogul to green light lucrative currency transactions...

October 31, 2020

Diaz Reus: el servicio al cliente está en su ADN

El servicio al cliente y la defensa de sus intereses está en el ADN de quienes integran el bufete Diaz Reus International Law Firm & Alliance (DRT), pues los abogados...

October 28, 2020

Jeff Herbert and Sumeet Chugani Lead Apple Bank’s Legal Team to a Bright Future

DRT alumnus Sumeet Chugani and Jeff Herbert bring legal and business acumen to drive Apple Bank into the future while maintaining its core values.

October 26, 2020

Preview of the South African government's economic recovery plan by Yamkela Makupula

Yamkela Makupula, Africa CEO of Diaz Reus International Law Firm & Alliance, gives a preview of the South African government's economic recovery plan.

October 19, 2020

A Seamless Flow Of Miami Wilds Water Park Near The Zoo Headed To County Deal

The lead coordinator at Miami Wilds has been Paul Lambert who is the founder of Lambert Advisory, a real estate agency who disclosed to Miami Today that together with his...

October 17, 2020

From Hiding, Head of Central Asia’s Only Democracy Says He’s Quitting

After more than a week in hiding following a disputed election, the president of Kyrgyzstan — Central Asia’s only democracy — on Thursday announced his plans to resign, saying he...

October 16, 2020

Marta Colomar-Garcia, fortaleza y experiencia en el campo legal

Marta Colomar-Garcia utiliza su experiencia legal de Estados Unidos, España y Latinoamérica para servir a los clientes en transacciones, litigios y arbitrajes comerciales internacionales. Ella es la socia directora administrativa...

October 16, 2020

Venezuelans Get Sentences Reduced In $60M Bribery Scheme

A Florida federal judge signed off Tuesday on prosecutors' request to reduce by nearly two years the sentences of two Venezuelan nationals who were convicted in a conspiracy to move...

October 15, 2020

Político y banquero exconvicto en EEUU por lavado de dinero lanza precandidatura presidencial en Honduras

El político, exministro y banquero hondureño, Yani Rosenthal, exconvicto en Estados Unidos por lavado de dinero, lanzará el domingo su campaña para ser nominado por un partido de oposición como...

October 11, 2020

What Benefits Do China & Argentina Offer Each Other?

Zhen Pan, associate attorney at Diaz Reus: “The vaccine cooperation between China and Argentina aims to create a win-win situation for both countries to accelerate their process in combating Covid-19,...

October 8, 2020

Could an Ex-Money Launderer For Drug Traffickers Be the Next President of Honduras?

Yani Rosenthal served time in a U.S federal prison on a charge connected to the drug trade, but now wants to run for president back home.

October 8, 2020

Swiss Bank Sanctioned Over PDVSA

Switzerland's financial regulator said it is spending a lot of its time fighting money laundering in offshore banks. It sanctioned a third Swiss private bank for dealings with Venezuelan «bolichicos».

October 7, 2020

Recompensas

El gobierno estadounidense pone cada vez más dinero sobre la mesa, para propiciar delaciones y capturas de jerarcas venezolanos. El sistema, según conocedores, se basa en ofertas públicas que incluso...

October 4, 2020

Yamkela Makupula: "You can do it all! A conversation on women and success

Yamkela Makupula, Diaz Reus Africa CEO, shares her views on women and success with Assert Magazine.

October 2, 2020

Reflexiones en torno al marco regulatorio de la Dirección de Investigación Judicial de Panamá

Jaime Jácome de la Guardia, miembro de DRT International Law Firm & Alliance en Panamá, reflexiona sobre el marco regulatorio de la Dirección de Investigación Judicial de Panamá en un webinar...

September 28, 2020

Marta Colomar Garcia on the Future of U.S. Sanctions in Latin America

The Latin America Advisor’s latest video features Marta Colomar Garcia, administrative managing partner at Diaz Reus International Law Firm & Alliance, who spoke with editor Gene Kuleta on Sept. 25...

September 28, 2020

SDNY To Resume Jury Trials, NYSBA President Joins Chief Judge at Monday’s Justice Gap Hearing

The U.S. District Court for the Southern District of New York has announced that jury trials can resume on Wednesday, Sept. 23 as part of phase three of their phased...

September 24, 2020

Ex-Vitol Group oil trader indicted in U.S. corruption probe with PetroEcuador

U.S. prosecutors allege that Javier Aguilar of Houston, who was previously charged in a sealed criminal complaint and arrested, made $870,000 in illicit payments to Ecuadoran officials so they would...

September 24, 2020

US firm pleads guilty to paying bribes in Brazil, Venezuela

A major U.S. asphalt company agreed to pay $16.6 million in fines while pleading guilty Tuesday to federal charges that it paid millions in bribes to officials in Brazil, Ecuador...

September 24, 2020

Fla. Asphalt Co. To Pay $16.6M Over South American Bribes

A Florida asphalt company will pay $16.6 million in connection with an agreement to plead guilty to paying bribes to state-owned oil companies in South America in exchange for access...

September 23, 2020

Sargeant Marine Inc. Pleads Guilty and Agrees to Pay $16.6 Million to Resolve Charges Related to Foreign Bribery Schemes in Brazil, Venezuela, and Ecuador

Sargeant Marine Inc., an asphalt company formerly based in Boca Raton, Florida, pleaded guilty to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) and agreed...

September 23, 2020

FinCEN Files: el estadounidense que ayudó a lavar el dinero de un exsecretario de Kirchner

Un abogado que operaba en la compra-venta de propiedades lujosas estuvo en la mira de las autoridades de los Estados Unidos un año y medio antes de que la Justicia...

September 22, 2020

2020 Compliance Trends in Latin America

By Diaz Reus. Fraudsters, money launderers, and corrupt government officials in Latin America (LATAM) have been running rampant, capitalizing on the coronavirus emergency. COVID-19 is posing unprecedented challenges to compliance...

September 14, 2020

Africa Sports Ventures Group (ASVG) Signs MOU with International Law Firm Diaz Reus & Targ LLP

The CEO of Africa Sports Ventures Group (ASVG) Mr. Leslie Koroma Sr is pleased to announce that ASVG and Diaz Reus & Targ LLP (also known as Diaz Reus International...

September 1, 2020

OFAC retira a Jaime Rosenthal y sus empresas de lista SDN; desechado todo vínculo con lavado

Después de demostrarse que nunca tuvo vinculación con el lavado de activos, la Oficina de Control de Activos Extranjeros (OFAC) de los Estados Unidos decidió hoy sacar a Jaime Rosenthal...

August 26, 2020

Can Action Now Help Africa’s Economy After The Pandemic? Yamkela Makupula believes so.

As every country globally, Africa is dealing with many complications in regards to the COVID-19 pandemic. While many countries are currently trying to control and eliminate the coronavirus as much...

August 22, 2020

Renuncia el fiscal de Miami que logró el arresto de Alex Saab en Cabo Verde

“Bien puede haber un suspiro colectivo de alivio en Venezuela por parte de aquellos a quienes él atacó”, dijo Michael Díaz, un abogado defensor de Miami que ha litigado contra...

August 21, 2020

US Prosecutor in Miami Targeting Venezuela Graft Is Leaving

“There may well be a collective sigh of relief in Venezuela from those he targeted,” said Michael Diaz, a Miami defense attorney who has litigated against Nadler on behalf of...

August 21, 2020

Women's Month I Yamkela Makupula shares her passion for economic growth

SABC News celebrates excellent women in South Africa and interviews Yamkela Makupula who is the CEO of DRT Africa. She leads the Africa growth strategy for the global law firm.

August 12, 2020

Bill Conner, the father of the girl who drowned at Iberostar Hotel in Mexico after being served tainted alcohol, recalls hearing her donated heart beat in a young man’s chest

Bill Conner, the father of Abbey Conner, the Wisconsin college student who drowned while on a family vacation in 2017 at Iberostar’s Paraiso del Mar Hotel in Cancun, Mexico, recently...

August 10, 2020

Impulso al agro

Por Jaime Jácome de la Guardia, miembro de DRT International Law Firm & Alliance en Panamá. “El despegue del agro es urgente, no solo por los campesinos y productores, sino por...

July 30, 2020

“Debemos tener claro que situaciones como esta se pueden repetir, y nuestra obligación es estar preparados”

Tomás Villatoro, socio de Ius + Aequitas en España, despacho miembro de DRT International Law Firm & Alliance, considera que gracias a su estructura organizativa han sido capaces de superar...

July 28, 2020

OFAC Sanctions Chinese Government Entity and Officials

On July 9, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned the Xinjiang Public Security Bureau (“XPSB”), together with four government officials of the People’s Republic...

July 20, 2020

Ricardo Abdala Expone Ante La Comisión De Economía Del Senado De Chile

Ricardo Abdala, en su calidad de abogado de la Asociación de Casinos de Chile y de abogado y director del grupo Boldt-Peralada, operadores del Casino de Ovalle, expuso ante la...

July 10, 2020

Yamkela Makupula: "I always ask myself, who am I serving, what impact does it have?"

Yamkela Makupula, CEO, Diaz Reus Africa: "Whatever we do in the private sector, it has to talk to what government wants to achieve, or else we’re building two different economies".

July 9, 2020

Panamá y su nueva Constitución

By Jaime Jácome de la Guardia, member of DRT International Law Firm & Alliance in Panama.Por Jaime Jácome de la Guardia, miembro de DRT International Law Firm & Alliance in...

July 8, 2020

What Has Panama’s Cortizo Achieved in His First Year?

Jaime Jácome, Panama-based partner at Diaz Reus: “Laurentino Cortizo took office last July amid an economic deceleration and a budget deficit of $1 billion, with enormous expectations and promises for change...

July 1, 2020

What’s the Future of ESG Investing in Latin America?

Roland Potts, partner, and Ravika Rameshwar, associate attorney, both at Diaz Reus: “Latin America and the Caribbean are increasingly relying on environmental, social and governance, or ESG, investments to help...

July 1, 2020

Díaz Reus, reconocido por The Legal 500 USA, Latinvex y Super Lawyers

The Legal500 USA 2020 clasificó a Díaz Reus en "Investigaciones corporativas y defensa criminal de cuello blanco: consejos para individuos"y "Litigios internacionales"

June 25, 2020

The legal implications of contact tracing in Chile

By Andrés Culagovski, from Abdala & Cía., member of DRT International Law Firm & Alliance in Chile.

June 25, 2020

Supplementary Budget in South Africa | Expectations with Yamkela Makupula - Africa CEO: Diaz Reus International

The South African Minister of Finance is announcing the supplementary budget today. This is what Diaz Reus Africa CEO, Yamkela Makupula, had to say about it.

June 24, 2020

Mboweni to table emergency supplementary budget

Yamkela Makupula, CEO of Diaz Reus Africa, elaborates on what an emergency budget means for South Africa.

June 24, 2020

The U.S. Government Expands Its Venezuela-Related Sanctions

On June 18, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned a number of Mexican individuals, entities, and vessels for “their activities in or associated with...

June 23, 2020

La Justicia busca decomisar 30 millones de dólares de una propiedad que el ex secretario de los Kirchner compró en Turks and Caicos

Se trata de operaciones llevadas a cabo por Daniel Múñoz y que salieron a la luz gracias a la investigación de los cuadernos de las coimas.

June 15, 2020

Maduro’s U.S.-Charged Dealmaker Saab Detained in Cabo Verde

Alex Nain Saab Moran, a Colombian businessman charged by U.S. authorities as a dealmaker for Nicolas Maduro’s regime in Venezuela, was detained in Cabo Verde, Africa on Friday, according to...

June 14, 2020

Capturan al colombiano Álex Saab, señalado testaferro de Maduro

El operativo se cumplió en Cabo Verde, África. EE.UU. tiene evidencia de que es lavador del régimen. El empresario colombiano, Álex Saab, señalado por la justicia de Estados Unidos de ser...

June 14, 2020

Will Iran Be Able to Solve Venezuela’s Gasoline Problems?

Javier Coronado, associate attorney at Diaz, Reus & Targ: “While Venezuela’s domestic turmoil and U.S. economic sanctions on the Maduro regime caused Venezuela’s oil production and refining to be practically...

June 11, 2020

When COVID-19 went viral, were your privacy rights infected as well?

By Kenneth A. Linzer and Frances Strnad, from Linzer Law Group, a member of DRT International Law Firm & Alliance in Los Angeles, CA. "The novel coronavirus or COVID-19 pandemic...

June 9, 2020

La fachada del litigio de demanda colectiva COVID-19 contra China en virtud de la Ley de Inmunidades Soberanas Extranjeras

En las últimas semanas, se han presentado al menos cuatro demandas colectivas en los tribunales de distrito federales de los Estados Unidos contra el gobierno de la República Popular de...

June 4, 2020

The legal implications of contact tracing in Chile

On February 26th, 2020, the first case of Covid 19 in Latin America was detected in Sao Pablo, Brazil. Countries throughout the region reacted by implementing a wide range of...

June 4, 2020

El FBI detuvo a un grupo de venezolanos y cubanos que pagaban para causar caos en las protestas en EEUU

El FBI logró la captura en Miami y otras ciudades de Estados Unidos de varios grupos de personas provenientes de Haití, Venezuela, Cuba y Honduras, que recibieron dinero para financiar...

June 4, 2020

Virus forges rare accord among bitter Venezuelan rivals

President Nicolás Maduro and Venezuela’s opposition, led by Juan Guaidó, have agreed to a measures for battling the new coronavirus to be overseen by international health workers, a first step...

June 3, 2020

Latin America: Corruption in Times Of Covid-19

The COVID-19 pandemic and resulting economic crisis have led to an unprecedented assertion of power by governments across Latin America and the world...

June 3, 2020

U. of Miami professor pleads guilty in Venezuela graft case

A University of Miami professor blamed a controversial law enforcement informant for his career-ending decision to try and hide $3 million in proceeds from a corruption scheme run by a...

June 2, 2020

UM professor pleads guilty to laundering $2 million from Venezuelan corruption money

University of Miami professor Bruce Bagley pleaded guilty on Monday to two counts of money laundering after being charged with using bank accounts in his name and in the name...

June 1, 2020

The Façade of COVID-19 Class Action Litigation Against China Under the Foreign Sovereign Immunities Act

In recent weeks, at least seven class action lawsuits have been filed in federal district courts throughout the United States against the government of the People’s Republic of China (the “P.R.C.” or...

June 1, 2020

Law 360's Pro Say: COVID Crimes Crackdown

Over the past few weeks, federal prosecutors have launched a wave of criminal cases accusing people of trying to take advantage of the COVID-19 pandemic. On this week's episode of Pro...

June 1, 2020

Software piracy: HC awards Rs 30 lakh damages to software giants Microsoft, Adobe

The Delhi High Court's order came on a suit filed by Microsoft Corporation, Adobe Systems and Quest Software against a firm named 'Chetu' which provided IT services and solutions to...

May 31, 2020

Yamkela Makupula Breaks Down The Economic Hit Africa Faces With COVID-19

The world is still in the early stages of figuring out just how much of an impact COVID-19 will have on the global economy...

May 28, 2020

Africa needs a new strategy to overcome Covid-19

Yamkela Makupula, CEO of Diaz Reus Africa: Earlier that year, the country had been facing a number of political and economic crises which weighed heavily on our investor confidence...

May 28, 2020

Spread of coronavirus fuels corruption in Latin America

From Argentina to Panama, a number of officials have been forced to resign as reports of fraudulent purchases of ventilators, masks and other medical supplies pile up...

May 27, 2020

A battle over billions in stolen Venezuelan funds is heating up in Miami federal court

The fate of billions of dollars squirreled away in the bank accounts, luxury properties and exotic cars of convicted Venezuelan officials and their business cronies has become entangled in a...

May 22, 2020

Advisory on Medical Scams Related to the Coronavirus Disease 2019 (COVID-19)

Detecting, preventing, and reporting COVID-19-related scams and illicit activity is critical to our national security, safeguarding legitimate relief efforts, and protecting innocent people from harm...

May 20, 2020

Will inclusion on money laundering list spur action?

Roland Potts, partner, and Ravika Rameshwar, associate attorney, at Diaz Reus: “The European Commission recently decided to broaden criteria to assess ‘high-risk’ countries. As a consequence of its broader criteria, the...

May 19, 2020

AT&T quits Venezuela as US sanctions force it to defy Maduro

MIAMI — AT&T said Tuesday it will immediately abandon Venezuela's pay TV market as U.S. sanctions prohibit its DirecTV platform from broadcasting channels that it is required to carry by...

May 19, 2020

Money Transfers to Venezuela: remittance flows amidst evolving foreign exchange

This reports offers an overview of how foreign currency regulations affect money transfers to Venezuela in addition to describing and explaining Venezuelan migrant remitting behavior in six migrant host countries....

May 19, 2020

The economic impact on Africa of the COVID-19 pandemic

SABC News. Yamkela Makupula, CEO of Diaz Reus Africa, explains what African companies and countries need to do to seize opportunities in this global pandemic crisis.

May 18, 2020

BVI succession planning -the benefits and strategy as well as the consequences for failure to plan

Offshore companies are often used to structure businesses and can provide beneficial tax laws and asset protection. One of the most popular offshore jurisdictions is the British Virgin Islands (“BVI”)....

May 17, 2020

Trump castigará a Irán por apropiarse del oro venezolano a cambio de gasolina

Estados Unidos prepara medidas contundentes contra el régimen iraní por suministrar hidrocarburos a Nicolás Maduro a cambio de oro, que se extrae en minas venezolanas en condiciones de semiesclavitud.

May 17, 2020

At Least 70 Dead in Mexico From Drinking Tainted Alcohol

The surge in deaths since late April has come amid the ban of alcohol sales by some local and state governments as part of efforts to control the coronavirus outbreak.

May 14, 2020

Venezuelan Oil Company Sues Miami Ex-Congressman Over $50 Million Deal

Former Representative David Rivera, a strident anti-communist, was quietly consulting for President Nicolás Maduro’s socialist government. He produced just two reports, totaling 5 pages, the lawsuit said.

May 13, 2020

Attorney Michael Diaz Jr. pushes for Yani Rosenthal’s release

Michael Diaz Jr. continues to fight for the release of his client Yani Rosenthal. The release from The Federal Correctional Institute of Miami was requested with Rosenthal’s health, age, and...

May 12, 2020

Juez decidirá pre liberación de Yani Rosenthal

El juez del Distrito Sur de Nueva York, John G. Koeltl, decidirá si concede la preliberación al empresario y político, Yani Rosenthal, preso en Estados Unidos. Los abogados del empresario pidieron...

May 6, 2020

Powerful Honduran businessman seeks "compassionate" release from US prison due to coronavirus

Yani Rosenthal, a 54-year-old former Honduran politician who twice ran for president, is seeking early release from a Miami federal jail where he is serving time for drug money laundering,...

May 4, 2020

OFAC Revises Its Chevron-Related General License

On April 21, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 8F extending the deadline established by General License 8E for Chevron Corporation, Halliburton,...

May 4, 2020

Seized cocaine shipment traced to Venezuelan President Nicolás Maduro

Four tons of cocaine worth more than $165 million seized off of the Spanish coast last week has been linked to Venezuelan strongman Nicolás Maduro, US authorities said.

May 2, 2020

Maduro se apoya en Irán tras salida de Rosneft de Venezuela, y paga con oro

La decisión de Moscú de distanciarse de Venezuela está empujando al régimen de Nicolás Maduro a solicitar ayuda en Irán, país que aceptó un pago secreto de $500 millones en...

May 2, 2020

Yani Rosenthal pide liberación compasiva por el coronavirus

Michael Diaz, Jr., el apoderado legal de Yani Rosenthal Hidalgo, solicitó al juez John G. Koeltl, de la Corte del Distrito Sur de Nueva York, que se modifique su sentencia...

May 2, 2020

Israeli Bank To Pay $874M For Helping Hide $7.6B From IRS

Law360 (April 30, 2020, 5:39 PM EDT) -- Bank Hapoalim, Israel's largest bank, has pled guilty in a Manhattan federal court to helping U.S. clients attempt to hide roughly $7.6...

May 1, 2020

FIFA Prosecutors Net $30M From Bank In Laundering Scheme

Law360 (April 30, 2020, 6:53 PM EDT) -- Israel-based Bank Hapoalim and its Swiss subsidiary have agreed to pay approximately $30 million for laundering bribes and kickbacks to soccer officials...

May 1, 2020

Argentina’s Hundred-Year Bond and its Make-Whole Premium: A Spanner in the Works?

Argentina is on the brink of attempting a restructuring of its sovereign debt. And, of course, that has attracted the birds of prey...

April 27, 2020

Miami feds seize $450 million — cash, condos, horses — in Venezuelan corruption cases

Since targeting Venezuelan corruption in 2017, South Florida federal authorities have seized $450 million in bank accounts — luxury properties, show horses, high-end watches and a super-yacht — that belonged...

April 27, 2020

Deuda: los abogados de los acreedores minoristas del Gobierno ya se preparan para ir a juicio en el exterior

DRT handled 8 class actions against Argentina for many years. It looks like others are coming down the pipeline. Information: Marta Colomar-Garcia - mcolomar@diazreus.com - Tel: +1 305 375 9220DRT ya...

April 26, 2020

Zim should be self-sufficient

Yamkela Makupula, CEO of Diaz Reus Africa, explains how the Covid-19 pandemic has forced Africa to review the way it does business.

April 24, 2020

African nations must be allies, not rivals, in a post-pandemic world

By Yamkela Makupula, CEO of the Diaz Reus South Africa office. In October 2018, when President Cyril Ramaphosa invited investors for the first SA investment conference, I was still a partner...

April 23, 2020

Can the Northern Triangle Cope With Fewer Remittances?

Zhen Pan, associate attorney at Diaz, Reus: “The decreased need for services in various industries has caused millions of layoffs, including among migrant workers who engage in service jobs at restaurants...

April 21, 2020

Holders of the PDVSA 8.5% Bond Need OFAC’s License

On April 10, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 5C delaying the effectiveness of General License 5B “Authorizing Certain Transactions Related to...

April 21, 2020

Will the Pandemic Change China’s Role in the Region?

Zhen Pan, associate attorney at Diaz, Reus & Targ, LLP: “As many parts of the world have shut down to contain the spread of coronavirus, China is one of few...

April 16, 2020

DPRK Cyber Threat Advisory - Guidance on the North Korean Cyber Threat

The U.S. Departments of State, the Treasury, and Homeland Security, and the Federal Bureau of Investigation are issuing this advisory as a comprehensive resource on the North Korean cyber threat...

April 16, 2020

Swiss court blocks Lauber’s challenge to Fifa probe recusal

Switzerland’s highest court has upheld a ruling that prevents Attorney General Michael Lauber from leading an investigation into bribery and corruption at world football body Fifa. The Swiss Federal Supreme Court announced on...

April 14, 2020

How Can Latin America Help Its Most Vulnerable?

Lauren M. Allen, associate attorney, and Audriana Rodriguez, law clerk, both at Diaz, Reus: “The spread of Covid-19 has had wide-ranging effects on businesses and the working sector in Latin...

April 13, 2020

In Effort to Oust Maduro, U.S. Gives ‘Maximum Pressure’ a New Meaning

"The Venezuelan regime has proven agonizingly resilient over the years, but its time may finally be up."

April 10, 2020

Fiscal General de Venezuela implicada en caso de corrupción contra empresario venezolano

La Fiscal General de Venezuela Luisa Ortega Díaz presuntamente recibió un soborno de gran tamaño por parte de un contratista de PDVSA para desestimar un caso de corrupción abierto contra...

April 10, 2020

Sobornos, sobreprecios y traición marcan juicio en Miami contra chavista Motta Domínguez

Luis Motta Domínguez, el ex ministro de Electricidad del régimen de Nicolás Maduro que enfrenta cargos de lavado de dinero en Estados Unidos, presuntamente participó en un millonario esquema de...

April 9, 2020

Rafael Callejas — Death by Broken Heart

On April 4th, Rafael Callejas, former president of Honduras, died in Atlanta. He had been in the U.S. for the last five years as a consequence of the U.S. prosecution of...

April 9, 2020

Sanctions on PDVSA Need Not Be Permanent

On April 3, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 13E extending the deadline established by General License 13D for Nynas AB, a...

April 6, 2020

Guía financiera elaborada por Diaz Reus

Para muchas personas el comienzo del mes es un punto de referencia para pagar sus facturas. Sin embargo, la crisis del Coronavirus, como bien sabemos, nos ha puesto todo al...

April 3, 2020

The CARES Act Provides for an Emergency Grant and an Economic Injury Disaster Loan

Under the CARES Act, a small business can receive financial assistance by obtaining a loan under the Paycheck Protection Program (“PPP”) or by obtaining an Economic Injury Disaster Loan (“EIDL”)....

April 3, 2020

Can Argentina Make a Deal With International Bondholders?

Christian F. Schoepp, international consultant at Diaz, Reus & Targ: “The agreement offered current domestic bondholders of the so-called ‘trigger bonds,’ or the A2M2, the opportunity to swap those debts...

April 2, 2020

DRT Attorneys Achieve Landmark Win for Chinese e-Commerce Businesses in Major Chicago-Based Federal Trademark Case

By Xingjian “Jeff” Zhao | Partner. Amid recent, intensifying tensions between the U.S. and China, Diaz, Reus & Targ, LLP (“DRT”) secured an unprecedented win for six Chinese e-commerce businesses in...

April 2, 2020

Loans Under the Paycheck Protection Program

The Small Business Administration along with the U.S. Department of the Treasury recently determined the dates that eligible businesses are able to apply for loans under the Paycheck Protection Program....

April 1, 2020

Corporate annual report filing extended until June 30, 2020

The Florida Department of State has extended the timeline for filing corporate annual reports until June 30, 2020: Pursuant to Executive Order No. 20-52 and Department of State Emergency Order 2020-01,...

March 30, 2020

El cártel de Sinaloa y el de los Soles, al que ligan a Nicolás Maduro, trafican droga a EEUU desde hace 20 años: Mike Vigil.

La relación con la organización criminal a la que el gobierno de EEUU ligó a Nicolás Maduro y el cártel mexicano habría iniciado en los años noventa gracias a negociaciones...

March 28, 2020

Exclusiva con Fiscal del Distrito Sur de Florida tras acusación a Nicolás Maduro por Narcoterrorismo

Entrevista con Ariana Fajardo Orshan, Fiscal del Distrito Sur de Florida.

March 28, 2020

The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) and what it means for your business

Today, the President signed into law the Coronavirus Aid, Relief and Economic Security Act (“Cares Act”), which provides non-recourse loans of up to $10,000,000.00 for eligible businesses which continued to...

March 27, 2020

La causa de fuerza mayor como efecto liberador de las obligaciones: Efectos jurídicos del SARS-CoV- 2 (Covid-19) en la República Dominicana

Por José Alfredo Rizek, Socio de Rizek Abogados, miembro de DRT International Law Firm & Alliance en la República Dominicana.

March 27, 2020

Feds charge Venezuelan President Maduro, other top officials with narco-terrorism

In a stunning announcement amid the coronavirus pandemic, the U.S. Justice Department announced Thursday that Venezuelan President Nicolás Maduro and several other government officials have been charged with turning Venezuela...

March 26, 2020

El Gobierno de EE.UU. Reitera Sus Sanciones a Nicaragua

El 25 de marzo de 2020, la Oficina de Control de Activos Extranjeros del Departamento del Tesoro de EE.UU. (“OFAC”) expidió la Licencia General No. 1A sobre “Asuntos Oficiales de...

March 25, 2020

Businessman Receives Criminal Conviction for Violating OFAC Sanctions

On March 16, 2020, a New York jury convicted businessman Sadr Hashemi Nejad for orchestrating a scheme to funnel millions of dollars in payments to Iranian individuals and entities through...

March 24, 2020

U.S. Targets Venezuela’s Maduro Regime With Fresh Charges, Sanctions

Prosecutors unseal corruption cases against state-owned oil company executives and an associated businessman

March 23, 2020

Fla. Court Won't Move Suit Over Death At Mexican Resort

Law360 (March 19, 2020, 6:30 PM EDT) -- A Florida appeals court ruled Wednesday that a wrongful death lawsuit against Palace Resorts Inc. over a deadly assault at a Cancun...

March 19, 2020

The Force Majeure Clause: Contractual Rights to be Center Stage in COVID-19 Virus Response

Each passing day of the COVID-19 pandemic brings new challenges, with government officials saying it could be, at best, months before we return to normalcy. Each passing day of...

March 19, 2020

Coronavirus-Related Frauds

On March 16, 2020, the Financial Crimes Enforcement Network (“¨FinCEN”) of the U.S. Department of the Treasury issued a public statement warning financial institutions about “illicit behavior connected to COVID-19.”...

March 19, 2020

Our Florida Bar Board Certified Lawyers

Ask our Florida Bar Board Certified lawyers Michael Diaz, Jr., Gary Davidson, Brant C. Hadaway, Alexander Reus and Michael Harris about the importance and value of their certification or watch...

March 18, 2020

TURBULENCIA EN BoA. Entrevista de Amalia Pando a JUAN CARLOS OSSIO, GERENTE GENERAL BoA

Juan Carlos Ossio Vidal, Gerente General de la empresa estatal BoA desde el pasado 19 de noviembre, está en medio de una turbulencia política que busca su destitución...

March 17, 2020

The U.S. Government Continues to Expand Its Sanctions on Venezuela and Russia

On March 12, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned TNK Trading International S.A. (“TTI”), a subsidiary of the Russian energy company Rosneft, based on...

March 17, 2020

Dominican Republic TMT: an overview by Rizek Abogados, the member firm of DRT International Law Firm & Alliance in Santo Domingo

José Alfredo Rizek, founding partner of Rizek Abogados, the member firm of DRT International Law Firm & Alliance in Santo Domingo, provides an overview to Technology laws and regulations in...

March 9, 2020

The U.S. Government Expands Its Sanctions on Nicaragua

Individuals and companies sanctioned by OFAC are added to the List of Specially Designated Nationals and Blocked Persons (“SDN List”). Accordingly, all of their property within or transiting U.S. jurisdiction...

March 9, 2020

What Does Maduro’s ‘Energy Emergency’ Mean for Venezuela?

Massimiliano Ballotta, Moscow-based partner, and Javier Coronado, associate attorney, both at Diaz, Reus: “U.S. sanctions on relatively small Rosneft Trading, which was created in 2011 to assist Rosneft on foreign projects,...

March 5, 2020

Trump sanctions, lawsuits hit Cuba hard: It can’t even buy planes, transport minister says

The Trump administration’s campaign of “maximum pressure” on Cuba has hit the country so hard that foreign companies refuse to sell planes to the island’s government and ships refuse to...

February 27, 2020

Sanciones de Trump golpean a Cuba: el país no puede comprar aviones, dice ministro

La campaña de máxima presión de la administración de Donald Trump ha golpeado tan duro a la economía de Cuba que no puede comprar aviones para su aerolínea doméstica y...

February 27, 2020

The U.S. Government Expands Its Sanctions on Venezuela and Russia

On February 18, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned Rosneft Trading S.A., a subsidiary of the Russian energy company Rosneft, for brokering the sale...

February 25, 2020

The importance of continuing education for lawyers

Michael Diaz Jr.,Global Managing partner of Diaz Reus International Law Firm & Alliance, comments on the importance of continuing education for lawyers.Michael Diaz, Jr., Socio Director Global de Diaz Reus International...

February 20, 2020

La Patilla: Decomisaron una avioneta en Aruba con una tonelada de oro venezolano de alta pureza

Autoridades arubanas y de Estados Unidos detuvieron a 3 tripulantes del avión que usaba siglas norteamericanas falsas. El piloto y dos tripulantes podrían enfrentar cargos criminales en Miami...

February 18, 2020

Is the Coronavirus a Major Threat to Latin America?

Zhen Pan, associate attorney at Diaz, Reus: “The coronavirus outbreak has claimed hundreds of lives, raising serious public health concern around the world. Besides the risks of a global spread...

February 13, 2020

Opositora asesoró operaciones que derivaron en mayor caso de corrupción de Venezuela

La abogada Tamara Adrián, antes de ganar un escaño en la Asamblea Nacional como opositora, certificó la legalidad de una serie de préstamos a la estatal Petróleos de Venezuela...

February 11, 2020

How Well Is Latin America Fighting Money Laundering?

Michael Diaz, global managing partner, and Javier Coronado, associate attorney, both at Diaz, Reus & Targ: “The region is onfire, and the response is woefully weak...

February 11, 2020

THE U.S. GOVERNMENT EXPANDS ITS UKRAINE/RUSSIA-RELATED SANCTIONS

On January 29, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned a number of individuals and entities as part of a coordinated action with the European...

February 3, 2020

Second man arrested in killing of young Brooklyn video game developer

Michael Diaz, Jr., former homicide prosecutor, represented the Victim’s family to receive justice by increasing the charges from a single defendant misdemeanor battery charge, to a felony homicide for the two co-conspirators...

January 27, 2020

How critical is China's support for Venezuela?

Xingjian Zhao, partner and head of the China practice, and Javier Coronado, Bogotá-based associate attorney, both at Diaz, Reus & Targ: “At the tail end of the Chávez regime, Venezuela,...

January 27, 2020

US anti-corruption developments - 2019 in review

By Diaz Reus Partners Richard Wiedis, Greg Ahlgren, and Associate Attorney Javier Coronado. Throughout 2019, the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) continued to actively...

January 22, 2020

THE U.S. GOVERNMENT EXPANDS ITS SANCTIONS ON IRAN

On January 10, 2020, President Donald J. Trump issued a new executive order “imposing sanctions with respect to additional sectors of Iran” (the “E.O.”), whereby he authorized the Secretary of...

January 17, 2020

Will a Minimum Wage Increase Spur Mexico’s Economy?

Greg Ahlgren, partner at Diaz, Reus & Targ: “López Obrador’s economic policies are beset by challenges on many fronts, and there are no simple solutions.

January 13, 2020

OFAC CONTINUES TO ACTIVELY ENFORCE GLOMAG

On December 9 and 10, 2019, the Office of Foreign Assets Control (“OFAC”) added 60 persons to its list of Specially Designated Nationals and Blocked Persons (“SDN List”) pursuant to...

December 18, 2019

Díaz Reus, clasificada número 1 en Litigios en Latinoamérica por Latinvex.

December 6, 2019

Case of the Day: Luxottica Group v. Partnerships and Unincorporated Associations

Despite an escalating trade war between the world’s two largest economies, Diaz, Reus & Targ, LLP Global Managing Partner Michael Diaz, Jr. and Shanghai Office Partner Xingjian “Jeff” Zhao recently...

December 5, 2019

Diaz Reus & Targ Expands in Africa

Miami-based global law firm Diaz Reus & Targ, has announced the opening of its twenty-ninth office, and the first of several offices in the African continent, in Johannesburg, South Africa...

November 26, 2019

Marta Colomar-Garcia: Diversity is our strength

Diaz, Reus & Targ’s administrative managing partner shares her candid thoughts on her work, the impact of diversity, and what she thinks sets them apart.

November 26, 2019

OFAC ISSUES NEW REGULATIONS REGARDING ITS VENEZUELA-RELATED SANCTIONS

On November 5, 2019, the Office of Foreign Assets Control (“OFAC”) issued new regulations regarding Executive Order (“E.O.”) 13884 whereby, on August 5, 2019, President Donald Trump (i) blocked...

November 7, 2019

OFAC issues new regulations regarding PDVSA related sanctions

On October 21, 2019, the Office of Foreign Assets Control (“OFAC”) issued new regulations regarding its sanctions on Petróleos de Venezuela, S.A. (“PDVSA”)...El 21 de octubre de 2019, la Oficina...

November 1, 2019

Money Laundering in the insurance industry

Recent U.S. Government enforcement actions against executives of insurance companies for their alleged involvement in the laundering of ill-gotten funds...

November 1, 2019

Diaz Reus Arbitration Guide, Latin America-wide

In recent decades, Latin America has seen a massive shift in the way the region views and participates in international arbitration...

November 1, 2019

Can U.S. Employers Be Liable For Discrimination To Employees Working Overseas?

In today’s global economy, many U.S. companies are establishing operations outside of the U.S. and moving more of their employees to international locations, in new and different ways...

November 1, 2019

Top Mistakes In Estate Planning: Part I – The Basics

Let’s keep it simple. The most deleterious and shockingly common estate planning mistake is a lack thereof.

October 30, 2019

Diaz Reus Attorneys Achieve Landmark Win for Chinese e-Commerce Businesses in Major Chicago-Based Federal Trademark Case

Amid the headwinds of an intensifying Sino-U.S. trade war, Diaz Reus litigators recently secured an unprecedented win for six Chinese e-commerce businesses in a Chicago federal courtroom.

October 30, 2019

Challenging OFAC Sanctions And Civil Penalties In US Courts

The U.S. Department of the Treasury’s Office of Foreign Assets Control has near-plenary authority to impose the so-called economic death penalty, by adding foreign persons and entities to, among others,...

October 25, 2019

Who Has the Edge in the Dominican Republic Presidential Race?

José Alfredo Rizek V., local partner at DRT International Law Firm & Alliance in Santo Domingo: “The Dominican Liberation Party (PLD) recently proclaimed Gonzalo Castillo as its presidential candidate for the...

October 25, 2019

Why Is Immunity So Controversial in Latin America?

Prince-Alex Iwu, law clerk at Diaz, Reus & Targ: “Legislative immunity exists in Latin America to protect lawmakers from intimidation and persecution in the performance of their ‘legislative functions...

October 15, 2019

Is López Obrador Changing Course on His Energy Policies?

Greg Ahlgren, partner at Diaz, Reus & Targ LLP: “Pemex’s long-term challenges are multifaceted and subject to the tides of Mexican politics. Saving the state-owned oil company from a downgrade...

September 27, 2019

Ofac Issues New Regulations Regarding Its Venezuela-Related Sanctions

On September 9, 2019, the Office of Foreign Assets Control (“OFAC”) issued new regulations regarding Executive Order (“E.O.”) 13884 whereby, on August 5, 2019, President Donald Trump...El 9 de septiembre de...

September 10, 2019

[:en]OFAC Expands Its Cuba-Related Sanctions[:es]OFAC Expandió Sus Sanciones Relacionadas a Cuba[:ru]OFAC Expands Its Cuba-Related Sanctions[:]

On September 6, 2019, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended its Cuban Assets Control Regulations (CACR) to further implement President Trump’s foreign policy toward that country...El 6...

September 10, 2019

OFAC ISSUES REGULATIONS REGARDING ITS NICARAGUA RELATED SANCTIONS

On September 3, 2019, the Office of Foreign Assets Control (“OFAC”) issued its regulations regarding Executive Order (E.O.) 13851 issued on November 27, 2018 by President Donald J. Trump blocking...

September 10, 2019

How Can Countries Get the Upper Hand Against Launderers?

Javier Coronado, associate attorney at Diaz, Reus & Targ, LLP: “In 2019, Colombia recorded a higher money laundering (ML) risk rating because the Basel Anti-Money Laundering (AML) Index is now...

September 10, 2019

International Arbitration 2019, Latin America-wide. Trends & Developments.

Marta Colomar-Garcia, Michael Diaz and Roland Potts write about Trends & Developments in International Arbitration, Latin America-wide. "In recent decades, Latin America has seen a massive shift in the way...

August 27, 2019

OFAC EXPANDS ITS VENEZUELA-RELATED SANCTIONS

On August 5, 2019, President Donald Trump issued Executive Order 13884 blocking all property or interest in property of the Government of Venezuela within or transiting U.S. jurisdiction (the “E.O.”)...El...

August 13, 2019

Would Stronger Ties Pay Off for Colombia & China?

Xingjian ‘Jeff’ Zhao, partner, and Javier Coronado, associate attorney, both at Diaz, Reus & Targ: “For nearly 30 years, since the inception of bilateral ties, China and Colombia have maintained...

August 12, 2019

Three Diaz Reus Partners Among the First to be Board Certified in International Litigation & Arbitration

Miami-based global law firm Diaz, Reus & Targ announced that partners Gary E. Davidson, Michael Diaz, Jr. and Brant C. Hadaway are among the first attorneys to be Board Certified...

August 6, 2019

Abogado Mike Diaz recibe importante reconocimiento del Colegio de Abogados de la Florida

August 1, 2019

OFAC ISSUES NEW REGULATIONS REGARDING PDVSA RELATED SANCTIONS[:es]OFAC EXPIDE NUEVAS REGULACIONES ACERCA DE LAS SANCIONES RELACIONADAS CON PDVSA[:ru]OFAC ISSUES NEW REGULATIONS REGARDING PDVSA RELATED SANCTIONS[:]

On July 26, 2019, the Office of Foreign Assets Control (“OFAC”) issued new regulations regarding its sanctions on Petróleos de Venezuela, S.A. (“PDVSA”).El 26 de julio de 2019, la Oficina...

July 31, 2019

How Important Is Latin America for Multinational Banks?

Ravika Rameshwar, associate attorney, and Audriana Rodriguez, law clerk, at Diaz Reus & Targ: “Within the past few decades, Latin America has shifted from playing a minor role in the...

July 30, 2019

Are the CFE’s Moves Scaring Investors Away From Mexico?

Greg Ahlgren, Diaz Reus Partner, comments that: “The CFE dispute appears inseparable from the broader trade dispute between the governments of Mexico and the United States

July 23, 2019

Guide on OFAC Sanctions Compliance Programs

On May 2, 2019, the United States Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued its “Framework for OFAC Compliance Commitments” presenting OFAC’s new recommendations for the design...El...

July 15, 2019

EB-5 INVESTMENT ALERT: NEW REGULATIONS EXPECTED SOON

On June 27, 2019, the Office of Management & Budget (OMB) reported on its website that it has finished its review of the Obama-era regulations that would significant changes to...

July 9, 2019

After nearly two years, State Dept. responds to inquiry over alleged alcohol poisonings of US tourists

Department is finally revealing details about its investigation into multiple deaths and illnesses that occurred shortly after Americans drank alcohol at Mexican resorts, CNN has learned.

July 8, 2019

New Venezuela-related Sanctions

The Office of Foreign Assets Control (“OFAC”) has dusted off Executive Order 13692 issued on March 8, 2015 by former president Barack Obama to impose additional sanctions on Maduro’s regime...

July 2, 2019

Family attorney: Mexican resort served ‘tainted’ alcohol to 20-year-old American tourist before she drowned

Diaz Reus Partner Gary Davidson, the attorney for the family of 20-year-old tourist Abbey Conner, who drowned after drinking alcohol at a Mexican resort, said Thursday that the alcohol was...

June 26, 2019

Qualified Business Income Deduction Alert

When the Tax Cuts and Jobs Act (“TCJA”) first came out, many professionals who were not eligible to make use of the new 20% deduction for flow-through income, known as...

June 26, 2019

OFAC Expanded Its Venezuela-related Sanctions

On January 6, 2019, the Office of Foreign Assets Control (“OFAC”) amended its regulations to prohibit any transactions or dealings related to the exportation or reexportation of diluents. El 6...

June 10, 2019

OFAC Expands Its Cuba-Related Sanctions

On June 4, 2019, the Office of Foreign Assets Control (“OFAC”), in coordination with the Department of Commerce’s Bureau of Industry and Security, amended its Cuba-related regulations to establish a...

June 5, 2019

New Guidance on OFAC Sanctions Compliance Programs

On May 2, 2019, the Office of Foreign Assets Control (“OFAC”) issued its “Framework for OFAC Compliance Commitments” presenting a number of recommendations for the design, implementation and periodic update...

May 7, 2019

Wrongful Death Suit Over Guest's Beating at Mexican Resort to Stay in Miami, Court Rules

Gary E. Davidson of Diaz Reus & Targ in Miami warded off two attempts to dismiss a wrongful death lawsuit against Mexican hotel conglomerate Palace Resorts Inc., after a guest...

May 7, 2019

Ius + Aequitas, especializado en arbitraje, firma alianza con Diaz, Reus & Targ

Ius + Aequitas, despacho especializado en litigación y arbitraje fundado en Madrid en el 2002 y dirigido por Eliseo M. Martínez, ha firmado una alianza estratégica con “Diaz, Reus &...

April 26, 2019

Is Panama Better Off Now Than When Varela Took Office?

Jaime A. Jácome de la Guardia, Panama-based partner at Diaz, Reus & Targ LLP: “Panama has the second-highest economic growth rate in the region, the highest rate of foreign investment,...

April 24, 2019

Ius + Aequitas se convierte en el socio español del despacho americano Díaz, Reuz & Targ, Attorneys & Counselors, LLP

https://confilegal.com/20190424-ius-aequitas-se-convierte-en-el-socio-espanol-del-despacho-americano-diaz-reuz-targ-attorneys-counselors-llp/

April 24, 2019

EEUU abre la puerta a demandas a inversiones realizadas en Cuba

La activación del artículo "podría producir un efecto llamada que provoque la presentación (y reanudación) de una multitud de reclamaciones por parte de los ciudadanos estadounidenses afectados en su momento...

April 19, 2019

New Nicaragua-related Sanctions

On April 17, 2019, the Office of Foreign Assets Control (“OFAC”) added Banco Corporativo S.A. (“BANCORP”) and Laureano Ortega Murillo to its list of Specially Designated Nationals and Blocked Persons (“SDN List”) pursuant to...

April 19, 2019

El disparo de Trump a La Habana que hiere a los empresarios españoles

Las numerosas empresas mixtas que tiene España podrían hacer frente a una ola de demandas...

April 19, 2019

New Sanctions Related to the Financial Sector of the Venezuelan Economy

On April 17, 2019, the Office of Foreign Assets Control (“OFAC”) added Banco Central de Venezuela to its list of Specially Designated Nationals and Blocked Persons (SDN List) pursuant to Executive Order...

April 17, 2019

Baseballer Miguel Cabrera Catches Third-Party Lawsuit From Ex-Business Partner

Both sides are throwing blame in a messy business breakup between Major League Baseball player Miguel Cabrera, majority owner of Miggy Foods, and former minority shareholders Daniel Satine and Yajaira...

April 16, 2019

Top tips for successful negotiations

IR Global members collaborate with the Association of Corporate Counsel (ACC) to offer jurisdiction-specific perspectives on contract negotiation and dispute resolution. Diaz Reus Partner Gary Davidson gives expert advice on...

April 11, 2019

Is Mexico’s New Payments System a Big Improvement?

Greg Ahlgren, partner at Diaz, Reus & Targ LLP: “The Mexican government’s new electronic payments system, known as CoDi (cobro digital), is intended to bring the enormous informal sector of the Mexican economy into the cashless...

April 10, 2019

Can the FBI Help Build Rule of Law in Latin America?

Javier Coronado, associate attorney at Diaz, Reus & Targ: “The Miami-based squad’s actions could certainly help strengthen the rule of law in Latin America. Corruption undermines the faith that citizens...

March 20, 2019

Does India Have Long-Term Strategy for Latin America?

Greg Ahlgren, partner, and Javier Coronado, associate attorney, both at Diaz, Reus & Targ: “The recent developments show the potential that India has to become an alternative to the United...

March 5, 2019

What Do Sanctions Mean for Holders of Venezuela’s Debt?

Javier Coronado, associate attorney at Diaz, Reus & Targ: “Based on the notion that international pressure would soon lead to a new government with which creditors could negotiate payment, investors were seeing Venezuelan bonds as a...

February 13, 2019

Why Are Mexico’s Bank Fees Getting So Much Attention?

Greg Ahlgren, partner at Diaz, Reus & Targ: “There is no doubt that Mexican consumers pay higher banking fees than bank customers in the United States...

February 12, 2019

Diaz, Reus & Targ grows New York tax team

Diaz, Reus & Targ has welcomed longstanding tax expert Steven Horowitz to its New York office, it announced yesterday...

February 11, 2019

Nuevas Sanciones OFAC relacionadas con Venezuela

En razón de que las Sanciones OFAC en relación con Venezuela continúan creciendo, se hace imperante que las compañías e instituciones financieras entiendan completamente el alcance de dichas sanciones y...

February 5, 2019

Will New Sanctions on Venezuela Disrupt Global Trade Flows?

Javier Coronado, associate attorney at Diaz, Reus & Targ, LLP: “From now on, all U.S. persons, including U.S. financial institutions, are generally prohibited from engaging in any dealings involving PDVSA,...

January 31, 2019

Marlins Alum surprises single mom of 3 with new minivan

Diaz Reus (DRT) Sports client and World Series Catcher Charles Johnson was very humbled to represent the Marlins surprising a very deserving Single Mom of Three With an Auto Nation...

January 30, 2019

How Has Mexico’s Fuel Theft Problem Become a Crisis?

Greg Ahlgren, partner at Diaz, Reus & Targ: “Having taken the oath of office last month, AMLO is now poised to spend his enormous political capital on some of the...

January 24, 2019

Can the Dominican Republic’s Strong Growth Continue?

José Alfredo Rizek V., managing partner at Rizek Abogados, the Diaz Reus affiliate office in Santo Domingo, member of the DRT Alliance: “In 2019, the Dominican economy will likely have...

January 18, 2019

Where did AMLO’s Anti-Fuel Theft Strategy Go Wrong?

Greg Ahlgren, partner at Diaz, Reus & Targ, LLP: “Andrés Manuel López Obrador campaigned for Mexico’s presidency on an anti-corruption platform that resonated with the electorate like none other...

January 17, 2019

Multilingual lawyers in demand for Latin American Arbitration

Clients from Latin America increasingly favor Miami as a seat for arbitration because the city is seen as a “gateway to the Americas”

January 16, 2019

Will Colombia’s ‘Opportunity Zones’ Help Drive Growth?

Comments from Associate Attorneys Javier Coronado and Marcela Blanco...

January 7, 2019

Chambers USA Anti-Corruption Guide 2019

Diaz Reus' White Collar team contributed to the Chambers USA Anti-Corruption Guide 2019.

January 2, 2019

The Exchange of a Condo for an EB-5 Visa: Important Warning to EB-5

In today’s EB-5 landscape, many individuals are frequently seeking EB-5 projects which are likely to return their capital to them when their EB-5 process is over.

December 17, 2018

LegaLife Diaz Reus, the Moscow office of Diaz Reus, on the Huawei case: "US sanctions don't forgive, and the Huawei case explains it loud and clear."

Massimiliano Ballotta, from LegaLife Diaz Reus, the Moscow office of Diaz Reus, on the Huawei case: "US sanctions don't forgive, and the Huawei case explains it loud and clear.

December 7, 2018

Wisconsin family files lawsuit in death of Abbey Conner at Playa del Carmen resort

Calling her death “tragic, senseless and entirely avoidable,” the family of Abbey Conner filed a civil lawsuit on Wednesday November 27 in Florida against the Mexico resort where Conner drowned last...

December 3, 2018

US family sues Cancun resort over 'poisonous' alcohol death

Attorney Gary Davidson called the incident "frightening", in a statement announcing the Abbey Conner lawsuit on Wednesday.

December 3, 2018

Wisconsin woman's family sues Mexican hotel for wrongful death citing tainted alcohol

Diaz Reus Partner, Gary Davidson, said in the news release, “this suit is about a family vacation that ended on its first day in a tragedy.

December 3, 2018

Is Bank De-Risking Choking Caribbean Growth Prospects?

Richard Wiedis, Diaz Reus Washington Partner, and Javier Coronado, Associate Attorney at Diaz Reus Bogota, explain: “Global financial institutions (GFIs) are increasingly terminating or restricting correspondent relationships with Caribbean banks...

November 19, 2018

Gaining momentum

Interview of Marta Colomar-Garcia. With the city’s reputation as a seat for arbitration on the rise, and white-collar crime cases increasing throughout Latin America

November 15, 2018

Protecting investments in Russia: accurate legal compliance with sanctions, anti-money laundering and anti-corruption

LegaLife Diaz Reus, the Moscow office of Diaz Reus, wrote a chapter in the Association of European Businesses Guide to Investing in Russia.Diaz Reus LegaLife, the Moscow office of Diaz...

November 1, 2018

What will Duque's policies mean for Colombian banks?

Javier Coronado and Marcela Blanco, associate attorneys at Diaz, Reus & Targ LLP in Bogotá: “The financial industry is optimistic about Duque’s tenure due to his plans to boost the private sector of...

September 4, 2018

Miami sigue siendo el paraíso del lavado de dinero

Entrevista de Marta Colomar-Garcia, Socia Directora Administrativa de Diaz Reus.

August 13, 2018

NRA, Republicans refute GOP sheriff's stand-your-ground claims

In an interview with Politico, Diaz Reus Partner and Board Certified Criminal Trial Specialist, Fausto Sanchez, commented that the Pinellas County Sheriff’s Office misinterpreted Florida’s “Stand Your Ground” law in...

July 30, 2018

Marta Colomar-Garcia comenta en Voz de América la investigación de la red de los “bolichicos”

La justicia federal estadounidense investiga una red de corrupción cuyo esquema procede desde Venezuela. La red, conocida como los “bolichicos”, dirigía fondos ilícitos hacia operaciones de lavado de dinero en...

July 26, 2018

¿Por qué las empresas y entidades financieras deben conocer la Ley Magnitsky Global?

La Oficina de Control de Activos en el Extranjero (“OFAC”) es una agencia de la rama ejecutiva de EE.UU. que forma parte del Departamento del Tesoro y que administra y...

June 29, 2018

What Is Driving the Growth of Fintech in Latin America?

Bianca C. Borja, Ecuador - licensed attorney and law clerk at Diaz Reus & Targ: “Latin American countries have a challenge of providing a stable and sustainable community for fintech...

June 26, 2018

Two Partner Promotions at Diaz Reus

On June, two promotions to partner have been made in the dispute resolution practice at the Miami office of Diaz Reus & Targ. - Paola Sanchez Torres and Roland Potts-.

June 19, 2018

How Vulnerable Are Mexican Banks to Cyberattacks?

Melissa Diaz and Paola Sánchez Torres, attorneys at Diaz, Reus & Targ: “According to the World Bank, Mexico is the second largest economy in Latin America. Yet, its cyber- security...

June 4, 2018

Nuevas Sanciones OFAC relacionadas con Venezuela

Marcela Blanco y Javier Coronado se refieren a las últimas sanciones OFAC relacionadas con Venezuela.

May 31, 2018

Interview of Fausto Sanchez, winner, On The Rise category.

"I have wanted to be a lawyer as long as I can remember. More specifically, I have always wanted to be a trial lawyer. The more I learned about the...

May 8, 2018

Las multas por estar en la Ofac son de US$250.000 o el doble de la operación ilegal

La famosa Lista Clinton ha evolucionado desde su concepto original y hoy cobija varias actividades, distintas al narcotráfico...

April 18, 2018

Foro sobre los Mitos y Realidades de la Lista Clinton

Las sanciones OFAC, también conocidas como ´Lista Clinton’, son una importante herramienta de la política exterior de los Estados Unidos...

April 17, 2018

Mitos y realidades de la 'lista Clinton'

Los Socios Robert Targ y Fausto Sanchez hablarán el martes 17 de abril en el Foro "Mitos y realidades de la Lista Clinton", en el Club de Abogados de Bogotá...

April 16, 2018

Panama papers; What changed?

Diaz Reus (Panama) Partner Jaime Jacome is interviewed: "The rate of incorporation of Panamanian companies has declined over the last five years—not only because of new laws that oblige law...

April 6, 2018

International Arbitrators, Litigators setting themselves apart

Interview of Partner Gary Davidson. Florida attorneys concentrating in international litigation and arbitration can soon get themselves apart from local and national competition...

April 6, 2018

Fla. Hotel Project Struggles Highlight EB-5 Risks

“In Florida, most of the investment has been in commercial real estate development, according to Michael A. Harris, counsel to Miami law firm Diaz Reus, who focuses on immigration law,...

April 5, 2018

Arbitration Law gets approved in the United Arab Emirates

On February 27, a new federal law was approved in the United Arab Emirates, regulating arbitration in the country...

April 4, 2018

What Has Changed Since the ‘Panama Papers’ Leak?

Jaime Jácome de la Guardia, Diaz Reus Partner in Panamá, explains that "The Panama Papers, WikiLeaks and other leaks have nullified commercial secrecy...

April 4, 2018

Kenneth A. Linzer heads Diaz Reus practice in Los Angeles

Diaz Reus & Targ, LLP announced that Partner Kenneth A. Linzer has joined its Los Angeles office. Mr. Linzer provides strategic counsel to clients in the courtroom as well as...

March 6, 2018

Diaz Reus Opens in Saudi Arabia

Diaz Reus & Targ is adding an office in Saudi Arabia to create its third location in the Middle East

February 2, 2018

How well is Mexico fighting money laundering?

Associate Attorneys Marcela Blanco and Javier Coronado explain that "The FATF's evaluation acknowledges that Mexico has a legal framework for combating money laundering that is particularly strong with regard to...

January 24, 2018

Companies need compliance policies and third-party checks to avoid data security breaches and corruption

The Diaz Reus Miami office hosted a conference in collaboration with The Latin American Lawyer titled: "Reality bites, third party risk in Latin America."

January 10, 2018

FinCEN’s Advisory on Widespread Public Corruption in Venezuela: Why It Matters

Published by Latin Counsel On September 20, 2017, the Financial Crimes Enforcement Network (“¨FinCEN”) of the U.S. Department of the Treasury issued Advisory FIN-2017-A006 (the “Advisory”)...

December 21, 2017

¿Por qué seguir el Aviso de FinCEN sobre la corrupción en Venezuela?

Publicado por Latin Counsel El 20 de septiembre de 2017, la Red para el Control de Delitos Financieros del Departamento del Tesoro de los Estados Unidos (¨FinCEN¨, como es conocida en...

December 21, 2017

Diaz Reus opens Guatemala office

Diaz, Reus & Targ is opening an office in Guatemala, which joins the firm’s other ten offices in Latin America...

December 12, 2017

What Will a Change in Leadership Mean for Cuba?

Associate Attorney Karel Suarez explains that "The principal difference is found in the Cuban government’s permitting a new generation to lead...

December 11, 2017

OFAC list in the USA: sanctions and consequences

By Associate Attorneys Marcela Blanco and Javier Coronado (Bogotá office). OFAC sanctions are a big deal. Companies and financial institutions must concern about implementing relevant compliance measures to prevent sanctions...

December 5, 2017

Legal issues you should be aware of before you start investing in Russia

Notwithstanding the fact that in recent years the Russian economy has been affected by a number of negative aspects, such as falling oil prices, Russian rouble depreciation, sanctions imposed by...

December 1, 2017

How important is Latin America for Chinese banks?

Associate Attorneys Melissa Diaz and Paola Sanchez comment on the role of Chinese banks in Latin America.

December 1, 2017

Florida to be first state to certify international litigation, arbitration

Interview of Diaz Reus Partner Gary Davidson, who steered the certification effort through the International Law Section of the Florida Bar for more than eight years.

November 15, 2017

Florida to offer certification in international arbitration, litigation

The Florida Bar's International Law Section will create a board certification program for international litigators and arbitrators, which will be the first of its kind in the U.S., according to...

November 14, 2017

Will Mexico get and independent Prosecutor General?

Chad S. Purdie, Partner from the California office, and Javier Coronado, Attorney from the Bogotá office, comment on the matter...

October 31, 2017

Closing the Net on Financial Crime: Navigating anti-money laundering and corruption legislation in Latin America.

The fight against money laundering has been a global effort for 30 years now, since developed nations began to recognise the increasingly sophisticated methods used by criminals and terrorists to...

October 24, 2017

Which factors affect rates of credit card fraud?

Chad S. Purdie, Partner from the California office, and Javier Coronado, Attorney from the Bogotá office, explain that "Chile has lower rates of credit card fraud due to its emphasis...

September 25, 2017

How Well Are Countries Foiling Money Launderers?

Head of Bogota’s Office Marcela Blanco and Associate Attorney Melissa Diaz commented on money laundering in Colombia...

September 20, 2017

No se puede obligar a una compañía hondureña a que litigue en California.

Diaz, Reus, & Targ, LLP, -abogado de los demandados-, ha conseguido la desestimación de las pretensiones del demandante Global Commodities Trading Group, Inc.

September 12, 2017

Colombia's Status As The Region's Lowest Money Laundering Risk Country

Head of Bogota's Office Marcela Blanco and Associate Attorney Melissa Diaz commented on money laundering...

September 6, 2017

La nueva política de Trump hacia Cuba

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...

August 3, 2017

Retiran cargos de lavado de activos de Yani Rosenthal

Diaz, Reus & Targ announced that The United States District Court for the Southern District of New York has dropped the money laundering charges against Yani Rosenthal.

July 28, 2017

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...

July 26, 2017

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...

July 17, 2017

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...

June 30, 2017

What's next for South Florida's relationships with Cuba?

When President Obama announced his historic restoration of diplomatic relations with Cuba, many South Floridians were hoping it would lead to a free flow of commerce and people between the...

June 16, 2017

The Art of Arbitration in International Dispute Resolution

Commercial disputes are common in business, with many organizations handling multiple disputes on a domestic or international level in the course of their activities. The efficient resolution of those disagreements...

April 27, 2017

Will FCPA Bank Regulation Be Less Stringent Under Trump?

In his first weeks in office, U.S. President Donald Trump has made moves to begin rolling back Obama-era regulations enacted in the wake of the 2008 financial crisis, such as the...

February 13, 2017

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...

February 9, 2017

Abrupt End to "Wet Foot, Dry Foot" Policy: What now for Cubans?

The “wet foot, dry foot” policy was an executive order implemented in 1995 by former United States President William J. Clinton. Generally, it allowed Cubans who stepped foot on “dry” U.S....

January 23, 2017

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...

January 10, 2017

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...

November 2, 2016

Business Crime in Colombia - 7th Edition

Updated 7th Edition: 2017 Business Crime in Colombia

The argument that corruption is merely part of the Latin American culture, and an unavoidable part of doing business in the region, holds little sway in advocating that nothing should...

November 2, 2016

Rizek Abogados announces strategic alliance with US firm, Diaz Reus

Rizek Abogados announced its strategic alliance with United States law firm Diaz, Reus & Targ, LLP during a reception at the Real Intercontinental Hotel of Santo Domingo on October 13,...

October 24, 2016

The Latest Milestone In US-Cuba Relations

Law360, New York (September 14, 2016, 9:24 AM EDT) — The United States and Cuba marked another historic milestone recently when JetBlue Flight 387 sojourned from Fort Lauderdale, Florida, to Abel...

September 22, 2016

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...

August 9, 2016

What has changed in Latin America since the Panama Papers leak?

Financial Services Advisor, a publication of The Dialogue, Latin America Advisor,* asks: What Has Changed Since the Panama Papers Leak? Q: The massive Panama Papers data leak earlier this year drew...

August 2, 2016

Miami Medicare Fraud: 300 arrested nationwide in US DOJ takedown

Miami Medicare fraud made headline news again this week when at least 100 South Floridians were named among the 300 medical professionals suspected and arrested on various counts of Medicare fraud,...

June 24, 2016

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...

May 19, 2016

Tax Havens | Lessons for investors after Panama Papers

The sensational leak of the Panama Papers has created significant international controversy with names of both the wealthy and famous being linked to entities established in tax havens—jurisdictions known for...

May 4, 2016

Panama Papers' Leaked Data Warrants Further Exploration

Leaked data needs to pass the test of ‘accuracy of evidence’ The so called ‘Panama Papers’ have dominated media headlines in recent days, creating shock waves that have reverberated across the...

April 23, 2016

Do Financial Systems Need More Transparency?

Michael Diaz, Jr. on the recent fallout from the Panama Papers – Mossack Fonseca leak. Featured Q&A – Financial Services Advisor, a publication of Inter-American Dialogue. Q: Panamanian President Juan Carlos Varela...

April 22, 2016

Ignorance of US Export Control Laws is Not a Defense

Why do companies—even large multinationals—often overlook compliance with U.S. export control laws despite the serious repercussions for noncompliance, including denial of export privileges? One of the possible reasons could be that in...

April 13, 2016

Panamanian Law Firms Have A Requirement to Report

Diaz Reus Global Managing Partner Michael Diaz, Jr. was interviewed by WLRN-Miami Herald News’ Americas correspondent covering Latin America and the Caribbean, Tim Padgett, regarding the implications of the Panama Papers controversy and what it...

April 7, 2016

US Commercial Airlines Scheduled to Land in Cuba

What The New US-Cuba Aviation Agreement Means For The US Law360, New York (March 15, 2016, 10:58 AM ET) — One of the myriad consequences of the United States’ embargo against Cuba...

March 17, 2016

Argentina Debt Deal Blocks Holdout Plaintiffs’ Counsels from Joining Settlement Talks

Diaz Reus Partner Marta Colomar-Garcia, acting as Plaintiffs’ co-lead counsel overseeing eight separate class action lawsuits in Argentina’s 2001 $100 billion default, says that Plaintiffs have not been able to...

March 3, 2016

Are Banks Working Together Enough to Prevent Crimes?

LATIN AMERICAN FINANCIAL SERVICES ADVISOR, a publication of Inter-American Dialogue, asks: Are Banks Working Together Enough to Prevent Crimes? Q: Financial messaging service provider SWIFT said in January that more than...

February 25, 2016

US Tractor Plant Changes The Cuban Development Game

Law360, New York (February 22, 2016, 3:43 PM ET) — The United States Census Bureau estimates that 400,000 new businesses are established, nationwide, each year. This year, among that large number is a...

February 24, 2016

监管者对投资于美国房地产洗钱打击

洗钱者早就发现通过空壳公司投资美国精英房地产这条途径，因为美国法律允许大量不可追踪资金的流动。利用空壳公司，个人得以以现金购买房地产，掩饰所有权，实现可靠的财务回报而不被审查。大多数情况下，纽约和迈阿密的房地产市场被视为“有吸引力的目的地”。

February 11, 2016

Mexico: Prospecting for Australian mining companies

Mexico, with a long and rich history of mining, is home to some of the largest mines in the world! It is currently the largest global producer of silver. The country is also...

February 10, 2016

GTO: Regulators’ crackdown on laundered money invested in U.S. real estate

In 2015, The New York Times published a shocking piece naming several wealthy foreigners who had purchased United States real estate for many multiple millions of dollars. Among others, the...

February 10, 2016

Fighting Corruption in International Transactions*

In an ever-increasing global business environment, anti-corruption laws become critical for the welfare of companies and countries around the world. Where economies are still developing, such laws and their accompanying...

December 15, 2015

Cuba Open For Foreign Project Investment — Except The US

Law360, New York (November 24, 2015, 3:03 PM ET) — Food, chemicals and logistics companies from Mexico, Belgium and Spain are investing $50 million and launching operations in early 2016 within...

December 1, 2015

Transnational Business Litigation: The Reality for Latin American Entrepreneurs

More often than not, entrepreneurs believe that they will never be involved in a transnational dispute—even if they are doing business with a foreign counterpart. Perhaps this is the case...

October 6, 2015

Expats in Dubai gain advantage with the new DIFC Wills & Probate Registry

By Arti Sangar During the last two decades, a sizeable chunk of the expatriate population has relocated to Dubai for both employment and investment opportunities. Undoubtedly, many have made significant economic...

July 21, 2015

Is Cuba Ready for U.S. Business Investments?

The following article is reprinted with permission by South Florida Legal Guide, Mid-year 2015. Cuban born, Diaz Reus Global Managing Partner Michael Diaz, Jr. is one of several South Florida lawyers...

June 30, 2015

Stricter Anti-Money Laundering Regime for Caribbean Banking Industry

Latin American Advisor, Financial Services asks: Are Stricter Bank Regulations a Major Hinderance in the Caribbean? Q: Royal Bank of Canada in the Caribbean in recent months has closed wealth-management offices...

May 20, 2015

Federal Courts Again Deny Mezerhane’s Claims Against Venezuela

PR Newswire | May 10, 2015 Expatriate Venezuelan billionaire Nelson J. Mezerhane’s attempt to sue his government and the Venezuelan equivalent of the FDIC in U.S. courts for alleged illegal expropriations...

May 12, 2015

Dubai: DIFC Court Asserts Jurisdiction in Investment Bank Dispute

The Dubai International Financial Centre (DIFC) Courts are fast becoming a preeminent forum to resolve disputes in the Middle East, however, not all disputes may be heard by these courts....

January 31, 2015

Q&A: Should Mexico Impose New Regulations on 'Sofipos'?

Q: Mexico’s financial regulator, CNBV, is considering new rules for popular financial societies, or Sofipos, following the government’s seizure of Ficrea SA, whose collapse amid an alleged fraud led to...

January 27, 2015

Money Laundering in Latin America Continues to Grow

Latin America: Money Laundering Grows Growing crime and weak enforcement boost money laundering in Latin America. By Joachim Bamrud First published Latinvex. November 24, 2014 Reprinted with permission. Money laundering is growing in Latin America...

November 25, 2014

Drone Law: The Meaning of Yesterday’s NTSB Ruling

By Brant Hadaway, DroneLaw.com. Yesterday’s ruling from the NTSB, overturning Judge Geraghty’s order in the Pirker case, caused quite the twitter storm, and practically crashed our Google news feed. So,...

November 21, 2014

Latin Trade Group | The Cost of Doing Business in Emerging Markets

Michael Diaz, Jr. addresses the Latin Trade Group on the topic of “The Cost of Doing Business in Emerging Markets.”

November 14, 2014

Overview of Business Crime in Latin America | 2015

While several Latin American countries have vowed to combat corrupt practices and have enacted legislation to formalise their intentions, meaningful change requires active enforcement as well as the political will...

October 2, 2014

Business Crime in Colombia | 2015 Edition

The argument that corruption is merely part of the Latin American culture, and an unavoidable part of doing business in the region, holds little sway in advocating that nothing should...

October 2, 2014

Cybersecurity in Latin America

How well are Latin American banks protected against cyber attacks? Inter-American Dialogue’s Latin America Advisor asked Marcela Cristina Blanco, associate attorney in Diaz Reus’ Bogota, Colombia office, “How Well Do Latin...

August 22, 2014

How Will Lawsuits Targeting Banks Affect Brazil’s Economy?

Q & A commentary by Fausto Sanchez and Elizabeth Cantu, associate attorneys at Diaz Reus & Targ LLP. First published in Inter-American Dialogue’s Latin America Advisor | Financial Services, Nov....

December 17, 2013

FATCA: Foreign Account Tax Compliance Act

Protecting domestic revenue is just one of several reasons why G-20 nations are cracking down on tax havens. Other reasons include their desire to track the international flow of funds...

December 12, 2013

Free-Trade Accords in Latin America and the Caribbean

Featured Q&A with Marcela C. Blanco, Esq., Diaz Reus, Bogotá, Colombia for Inter-American Dialogue’s Latin America Advisor | Financial Services (October 17-30, 2013 Edition) Have Free-Trade Accords in Latin America and the...

October 30, 2013

Business Crime in Colombia | 2014 Edition

This article appeared in the 2014 edition of The International Comparative Legal Guide to: Business Crime; published by Global Legal Group Ltd, London. General Criminal Law Enforcement in Colombia By Michael Diaz,...

October 2, 2013

International Comparative Guide to Business Crime 2014

Excerpt: Latin America’s “Culture of Corruption” By Michael Diaz, Jr. The notion that there is a “culture of corruption” in Latin America has led some writers to note that decades of unstable...

October 2, 2013

Trade treaties: opportunity or risk?

Mexico is the second largest economy in Latin America, while the United Arab Emirates (UAE) is the second largest economy on the Gulf peninsula. They share common attributes, two of...

August 13, 2013

Why China’s Growing Appetite For Iraqi Oil Is Good For America, And The World

For the mass media chorus, postwar Iraq has come to resemble an emblem of American failure. Spurts of violence seem to be embedded into the fabric of everyday life, plaguing...

June 28, 2013

Latin America-China Dispute Resolution

LIMA, Peru, March 19, 2013 /PRNewswire/ — With growing trade between Latin America and China, it’s essential to include an effective dispute resolution provision in commercial agreements, according to Xingjian “Jeff”...

March 19, 2013

Exxon, Shell Win Colombia Blocks, But Shy Away From Shale

Law360, New York (October 18, 2012, 9:23 PM ET) — Units of Exxon Mobil Corp., Royal Dutch Shell PLC and Anadarko Petroleum Corp. picked up leases in Colombia’s latest oil...

October 23, 2012

Weighing the Opportunities and Risks of Project Financing in Iraq

Financier Worldwide Magazine, Sept 30, 2012 New project financing opportunities are opening up throughout Iraq. As the country’s economy recovers from decades of war, demand is growing for new infrastructure. Because...

September 30, 2012

Colombia’s New Copyright Law

Colombia’s Congress recently approved Law 201 of 2012, popularly known as “Lleras Law 2.0,” which deals with copyrights and intellectual property. Passage of this law was fast-tracked in an effort...

September 1, 2012

Understanding Risks of Investing in Iraq Key to Success

Commentary by Michael Diaz, Jr., Halim Gebeili, and Arti Sangar Daily Business Review August 1, 2012 As Iraq recovers from decades of war, U.S. businesses are taking a close look at potential investment...

August 1, 2012

Financial Fraud Victims May Benefit from Swiss Bank's Disclosures

Lawyer Michael Diaz, Jr., says financial fraud victims may benefit from Swiss bank’s disclosures Swiss banking giant UBS’ decision to turn over information on 4,450 “secret” bank accounts to the...

June 26, 2012

Are Past-Due Loans Putting Colombian Banks on Shaky Ground?

Colombia’s government will force some of the country’s banks to boost their provisions for bad debt because of concerns about an increasing amount of past due loans, Finance Minister Juan...

June 8, 2012

Complying With Brazil's Consumer Protection Code

Brazil, as the seventh largest economy in the world, and the fifth largest nation in terms of land mass, continues to present great market opportunities to foreign investors. Product or...

January 27, 2012

The NAFTA of the Pacific

On November 12, 2011, leaders of the nine Trans-Pacific Partnership countries – Australia, New Zealand, Malaysia, Vietnam, Singapore, Brunei, Peru, Chile and the United States – announced that they haD...

January 27, 2012

Investor-State Arbitration Provisions under Colombian-US Free Trade Agreement

Chapter 11 of the North America Free Trade Agreement (NAFTA) was the first international trade agreement provision to give foreign investors a direct cause of action for investment disputes against...

January 27, 2012

Bad Dim Sum: Lowered Risk Appetite Hampering Yuan's Rise

Nicknamed “Dim Sum” bonds after Hong Kong’s favorite dining pastime, these securities were, until recently, considered the hottest financial innovation in Asia. The fast-growing market in “Dim Sum” bonds had...

January 23, 2012

Dubai Expands Jurisdiction of DIFC Courts

In a significant move, the Dubai government has recently expanded the jurisdiction of the Dubai International Financial Centre Courts (the “DIFC Courts”). The major ramification of this move is that...

January 19, 2012

Arab Spring Boosts Investment in the UAE

If you are doing business in the Middle East, you have probably already experienced the impact of the ongoing civil unrest, known as the “Arab Spring,” in the region. The...

January 19, 2012

Protecting Your Trademark in the UAE

Most company executives often focus on setting up businesses in new jurisdictions, expanding an existing business or improving the quality of their goods or services. However, they often overlook the...

January 19, 2012

Hooters Sues Competitor for Trade Secret Theft

The mobility of the workforce can be a downright menace for companies whose competitive edge depends on proprietary information, and whose doesn’t these days? A disgruntled employee can literally walk...

November 15, 2011

Sanctions in Iran: How Effective Are they?

Sanctions are increasingly used to combat terrorism and to discourage regimes or individuals from acting in ways condemned by the international community or individual nations. However, the burning question is—How...

November 15, 2011

Dubai and Hawkamah to Develop a Corporate Governance Code

In recent years the government of Dubai has arrested and charged a number of senior corporate executives from financial and real estate firms in connection with allegations of fraud and...

November 15, 2011

Before Hiring Employees in Brazil, Consider This...

If Brazilian employment law could be summed up in a sentence, it might be: The purpose of the law is to provide extensive protections to employees. Brazil’s employment law is...

November 14, 2011

Legal Issues with Appointing Commercial Agents in Colombia

Engaging commercial agents in Colombia may be an attractive way of doing business for foreign entities wishing to enter and operate in the country without a legal presence. However, the...

November 11, 2011

The Future of Islamic Finance in the Middle East

While conventional financial markets in Western Europe and North America are in turmoil, there is a refreshing burst of optimism in the world of Islamic finance. Largely shielded from the...

September 15, 2011

Overview of International Arbitration in Colombia

Corporations are increasingly resorting to arbitrations in commercial disputes in Colombia. Arbitration is often preferred to court litigation, particularly when the parties require a relatively fast resolution. It goes without...

September 15, 2011

Foreign Direct Investment in Venezuela

Economic and political instability, nationalization, increasing government intervention, and restrictive legal framework has made Venezuela’s investment climate considerably less welcoming as compared to the past. This article examines the current...

September 13, 2011

New Privacy Laws in India and China: A Barrier to Outsourcing

Indian Outsourcing operationsNew rules that significantly alter the privacy landscape in India and have profound implications for multinational companies outsourcing business to India or operating in India became effective April...

September 13, 2011

Corporations, Be Wary: Liability Under the Alien Tort Statute

The Alien Tort Statute (“ATS”) permits federal courts in the United States to hear cases brought by foreign citizens pertaining to conduct committed outside of the United States. Courts are...

July 20, 2011

M&A in the Middle East: Balancing Risks, Reaping Rewards

Fueled by tremendous growth potential and an increasingly progressive regulatory environment, the Middle East is fast becoming a hotbed of Mergers and Acquisition activity. Today, for example, the UAE is...

July 17, 2011

Anti-Money Laundering (AML) Regulations in Vatican City

The news media has been fixated by the Vatican Bank’s most recent run-in with Italian prosecutors for violations of anti-money laundering regulations. The Vatican Bank, a private bank that manages...

July 15, 2011

Dodd-Frank and Basel III: Implementation in the U.S.

The Dodd-Frank Wall Street Reform and Consumer Protection Act requires federal banking agencies to set minimum leverage capital and risk-based capital requirements for financial institutions. Similarly, under the newly implemented...

July 15, 2011

Setting up Your Business in Colombia

Colombia is the fourth largest country in South America. With substantial oil reserves and natural resources, Colombia provides an array of business opportunities for the knowledgeable foreign investor. Colombia’s efforts...

July 12, 2011

China's Evolving Energy Needs: A Long March Toward Sustainability

By 2010, China successfully fulfilled the goals of yet another Five-Year Plan. As part of the newly implemented twelfth Five-Year Plan, which will run until 2016, Chinese policymakers now seek...

July 7, 2011

ABCs of Lithium: An Economic Push in Latin America

Argentina, Bolivia, and Chile – known as the “ABC’s of lithium” – hold over eighty percent of the world’s lithium reserves. Given this abundance of lithium, Latin America has the...

May 8, 2011

The Future of Chinese-Based Reverse Mergers in the U.S.

The United States Securities and Exchange Commission (“SEC”) is increasing its scrutiny of China-based companies suspected of submitting questionable financial statements to participate in reverse merger deals. A typical scenario...

May 7, 2011

Qatar: Safe Haven for Investors During Mideast Turmoil

Qatar is currently receiving unprecedented levels of interest from foreign investors as a result of diminished business opportunities and lower investment returns in the U.S. and Europe. Despite turmoil in...

May 4, 2011

Turning the Heat on I.C.E.: Freedom of Information Act and Electronic Metadata Collide

Electronic documents such as PDF files must include all metadata when being submitted in response to discovery requests according to a recent decision by the Southern District of New York....

May 4, 2011

Bloodshed in Libya Prompts New Sanctions

In the wake of civil unrest in Libya, the U.S. President has frozen $30 billion worth of Libyan assets – the largest asset freeze under any U.S.-based sanctions regime. The...

May 4, 2011

Risk-Based Compensation Practices in the U.S.

Risk-based compensation is a practice whereby banks and financial institutions create attractive compensation packages as an incentive for executive employees willing to make risky—inherently unsafe—business and financial decisions. The recent...

January 31, 2011

Mexico Offers Automotive Companies Business Opportunities

The Mexican automotive industry was hit hard by the global economic slump. Nonetheless, several distressed automobile manufacturers, including General Motors and Chrysler, both of which underwent Chapter 11 reorganizations last...

January 31, 2011

From Soybeans to Steel: A Complex Future for China-Brazil Trade Relations

China and Brazil have built a strategic alliance that will alter the economic landscape for years to come. With extraordinary growth in the last five years, mainly through exports and...

January 31, 2011

The Growing Cost of Investing in China: A Shift in Strategy

Beginning December 1, 2010, foreign enterprises in China were required to pay “municipal maintenance and development taxes” and “educational taxes,” eliminating the last two tax exemptions that were previously accorded...

January 13, 2011

China At The Cross-Hairs of U.S. Trade Sanctions For Keeping Yuan Undervalued

On September 24, 2010, the Ways and Means Committee of the U.S. House of Representatives approved H.R. 2378, the Currency Reform for Fair Trade Act of 2010. This Act clarifies...

November 21, 2010

Intellectual Property Rights in the Sultanate of Oman

Oman has enacted a seemingly comprehensive regime for the protection of intellectual property rights (IPR) through its participation in key international treaties, conventions, and protocols, and its implementation of domestic...

November 21, 2010

A New Breed of Foreign Direct Investment in China: Tourism

Overseas tourist destinations are becoming increasingly popular among Chinese people who are fond of travelling in their leisure time. In line with the growing outbound tourist trend, the Chinese government...

November 21, 2010

The Singapore Sling Meets the Mojito

Last month, Singapore welcomed the world’s only high-speed Formula One (“F1”) night race. Under the backdrop of the Grand Prix, Singapore hosted the Seventh Latin Asia Business Forum. Economists are...

November 21, 2010

The Effect of Gome Electronic's Shareholder Dispute on Private Business in China

Today, Gome Electronics is China’s second largest electronics retailer in terms of market value and the largest in terms of the number of stores, operating over five hundred stores around...

November 21, 2010

Resolving Disputes in Private/Public Partnership Agreements

Generally speaking, public-private partnerships (PPPs) are mechanisms through which public sector works can be constructed, managed and/or operated by a private entity for the ultimate benefit of the public. PPPs...

November 18, 2010

The Alien Tort Statute: Amergi Case Fails to Meet High Bar

Under what circumstances can a foreign plaintiff sue for human rights violations that occurred abroad? The Alien Tort Claim Act (ATCA) gives federal courts in the United States jurisdiction over...

September 6, 2010

Sustaining Money Laundering Charges Proves To Be Harder After Cuellar

The Sixth Circuit Court of Appeals overturned a money-laundering conviction against a former executive of National Century Financial Enterprises (NCFE), Roger Faulkenberry, who is currently serving time for related crimes....

August 20, 2010

Treaty Exception to the Foreign Sovereign Immunities Act

The U.S. Court of Appeals for the Eleventh Circuit recently issued an opinion affirming the district court’s denial of Germany’s motion to dismiss the complaint for lack of subject matter...

August 6, 2010

Enhanced Protection of Privacy to Change the Business Environment in China

When the Chinese legislature enacted a new criminal statute in 2009 penalizing unlawful acquisition and misappropriation of citizens’ private information, no one thought that the government would be serious in...

August 6, 2010

Heat Is On For Outbound Investments From China

China has assumed its place among the major economies of the world. In the quest for continued growth, Chinese enterprises of all sizes and sectors are accessing overseas markets to...

August 6, 2010

China Explores Emerging Opportunities in Mexico

China and Mexico share important priorities that have forged the basis for cooperative relations between the two nations. For Chinese investors, Mexico has become a desirable investment destination because of...

August 6, 2010

Will PayPal Thrive in China? - China's New Regulation of Third Party Payment Services

On June 21, 2010, the central bank of China issued long-awaited regulation for third-party payment providers. According to the regulation, non-bank payment service providers must apply for a license from...

August 3, 2010

Securities Cases Against Foreign Corporations: Private damages remedy

On June 25, 2010, the U.S. Supreme Court issued its decision in Morrison v. National Australia Bank Ltd., stating that the Securities Exchange Act and its private damages remedy will...

August 3, 2010

Chinese Tax Trends: Non-Tax Resident Enterprises

China has a number of tax arrangements with foreign countries, including Barbados, Hong Kong and Singapore. In recent years, more and more offshore companies have been set up in jurisdictions...

August 3, 2010

India's Global Expansion: Eyes on Latin America

On July 11, 2010, Spanish midfielder and the eventual man of the match, Andrés Iniesta, scored a sensational goal in extra time to make Spain win the 2010 World Cup....

August 3, 2010

Legal Challenges in Merging Mexican Airlines

In these less certain economic times, it is not surprising that there is a sharper focus on mergers of companies that are facing financial difficulties. In the same light, there...

August 3, 2010

Beijing and Taiwan Work Closer to Bring More Opportunities to China

On June 29, Mainland China and Taiwan finalized the long awaited Economic Cooperation Framework Agreement and the Cross-Strait Intellectual Property Rights Protection Agreement. The signing of the two agreements signals...

August 3, 2010

U.S. Supreme Court Decisions Likely to Impact Arbitration Provisions

Two recent decisions from the U.S. Supreme Court present significant new developments on the scope and interpretation of the Federal Arbitration Act. In Stolt-Nielsen S.A. v. Animal Feeds Intern Corp,...

August 2, 2010

Civil RICO: Reaching Overseas To Grab Unwitting Wrongdoers

Companies doing business in the United States (or having a connection to the United States) increasingly have found themselves as defendants facing charges of racketeering in suits under RICO. Chad...

June 25, 2010

U.S. Supreme Court Allows Torture Suit Against Former Somali Official

On 1st, June 2010, the U.S. Supreme Court held that the former Somali official, Mohamed Ali Samantar was not immune under the Foreign Sovereign Immunities Act of 1976 (FSIA) from...

June 25, 2010

New Development in Trade Secret Protection in China

Protection of commercial secrets is always a critical concern for companies doing business in China. Unlike patents or copyrights, commercial secrets have value to the owner only if they remain...

June 25, 2010

China Welcomes Foreign Investment: A Policy Statement Reaffirmed by Beijing

In the past two years, the landscape of foreign direct investment (“FDI”) in China has been changed by several newly promulgated regulations and made the investors ask the question: “Is...

June 25, 2010

US Tax Code Section 1441: Withholding and reporting requirements for payments to a foreign person

Does your company make payments to foreign entities or non-U.S. individuals? If yes, you may have tax withholding requirements. Tax Code Section 1441 sets forth the requirements for tax withholding...

June 25, 2010

Bright Future for the Mexican Peso

Today Mexico’s key economic indicators appear to be increasingly robust and stable. Mexico is projecting 3.5 percent growth this year, an impressive economic turnaround led largely by exports to China....

June 25, 2010

China's Role in Latin American Development

Hungry for trade with resource rich Latin America, the Chinese are binding themselves closer with the continent, snapping up commodities in record amounts. This report compares growth conditions in China...

May 1, 2010

Money Laundering in Spain

Spain is now one of the top European nations impacted by money laundering. The depth and extent of the illegal activities that encompass “money laundering” have perplexed Spanish authorities. Although...

January 31, 2010