Lexology PRO | European Union, United Kingdom | 15 Jul 2021
The UK judge overseeing two proposed class actions against members of the Forex cartel has laid out his initial concerns about both claimants’ theories of harm.
Lexology PRO | European Union, Norway, United Kingdom | 13 Jul 2021
Banks that rigged foreign exchange rates for specific currency trades also tacitly colluded on pricing strategies, affecting other trades between different customers and banks that were not part of the conspiracy, an expert economist has told the UK’s Competition Appeal Tribunal.
Tavarone, Rovelli, Salim & Miani | Argentina | 12 Jul 2021
El sábado 10 de julio de 2021, se dieron a conocer nuevas medidas del Banco Central de la República Argentina (BCRA) y de la Comisión Nacional de…
Lexology PRO | Belgium, European Union | 16 Jun 2021
The European Commission has banned ten banks – including Barclays and Deutsche Bank – from participating in certain bond sales to fund coronavirus recovery due to their previous cartel involvement.
Morais Leitão, Galvão Teles, Soares da Silva & Associados | Portugal | 11 May 2021
On 14 April 2021, the Angolan National Bank ("BNA") approved Notice no. 4/21, which updated the rules and procedures applicable to the import and…
Lexology PRO | European Union | 5 May 2021
The European Commission has announced plans to tackle foreign subsidies that may harm competition within the EU single market by introducing a new notification system for deals that are partly financed by non-EU governments.
PRO Compliance | European Union, United Kingdom | 15 Feb 2021
Several banks that colluded to rig foreign exchange rates should not be allowed to argue that investment and pension funds seeking damages as a result of the cartel were able to pass on their alleged losses to their investors, counsel to the claimant funds has argued.
Khaitan & Co | India | 1 Dec 2020
Compounding of contraventions under the Foreign Exchange Management Act, 1999 (FEMA) is governed by the Foreign Exchange (Compounding Proceedings)…
Baker McKenzie | Turkey | 22 Nov 2020
The Law on the Restructuring of Certain Receivables and Amendments to Certain Laws No. 7256 published in the Official…
Jingtian & Gongcheng | China | 20 Nov 2020