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Steptoe & Johnson LLP


My smart contract just ate $14 millionnow what? Re-thinking indemnification for smart contract risks

USA - June 12 2017 A Canadian digital currency exchange (QuadrigaCX) reported recently that a malfunction in a smart contract is responsible for a $14 million dollar

UK Internal Investigations Are Taking An Ungainly Turn

United Kingdom - May 23 2017 Last week saw the issuance of SFO v ENRC 2017 EWHC 1017 from the London High Court. Everyone agrees it has a lot to say on the vitality of legal

Exempt Organizations Advisory - CHARITY Act Introduced in Senate

USA - June 13 2017 Today, Senators John Thune (R-SD) and Bob Casey (D-PA) introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act of 2017

‘Coulda, Woulda, Shoulda:’ Fourth Circuit Re-Revisits a Controversial Position on ERISA’s Prudence Standard

USA - June 7 2017 Almost exactly 15 years after the case commenced and more than 17 after the events that led to it, the Fourth Circuit Court of Appeals handed down its

Senate Moving Forward with Strong Russia Sanctions Bill Targeting Energy and Financial Services

Russia, USA - June 13 2017 Last night, a key group of bipartisan Senators reached agreement on, and introduced, a Russia sanctions amendment to a broader sanctions bill focused

Online Distribution Practices Under EU Fire: Are You Ready?

European Union - June 19 2017 Following the conclusion of the e-commerce sector inquiry in May 2017, the European Commission (the Commission) has aggressively opened probes into

Cuba Policy Changes Will Complicate New Business But Grandfather Existing Deals

USA - June 16 2017 In a much-anticipated speech on Cuba policy today, President Trump announced that, “effective immediately, I am canceling the last administration’s

Alleged Human Trafficking Victims Seek Supreme Court Review of Alien Tort Statute Standards

USA - June 15 2017 As many commentators anticipated after the Fifth Circuit’s January 3, 2017 decision in Adhikari v. Kellogg Brown & Root, Inc., No. 1520225 (5th Cir

Epsilon Electronics: A Cautionary Tale on Transshipments?

USA - June 14 2017 On May 26, 2017, in Epsilon Electronics v. US Department of the Treasury, a split panel of the DC Circuit Court of Appeals partially upheld and

Congress Flexes Sanctions Muscles: Bills Target Iran, Russia, and Others

USA - June 14 2017 This advisory summarizes the Senate’s efforts to pass Iran and Russia sanctions legislation, as well as other recent sanctions-related legislative