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Effective July 31, 2011, new French legislation imposes onerous tax and reporting rules on trusts where (1) the settlor is French resident; (2) any beneficiary is French resident; or, (3) any trust asset is French situs
France, Italy, Spain and Belgium have each imposed bans on short-selling to try to stop the plunge in value of European banks last week to their lowest in almost two-and-one-half years
Judge Charles Breyer of the Northern District of California last week issued a significant forum non conveniens dismissal in multidistrict litigation (MDL) arising from the June 1, 2009 accident of Air France Flight 447 over the Atlantic Ocean
