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Past Event
3 November 2016

Europe
4:00 p.m. – 4:30 p.m. CET
3:00 p.m. – 3:30 p.m. GMT

United States
11:00 a.m. – 11:30 a.m. EDT
10:00 a.m. – 10:30 a.m. CDT
9:00 a.m. – 9:30 a.m. MDT
8:00 a.m. – 8:30 a.m. PDT

Speakers

  • Mark G. Hanchet
    T +1 212 506 2695
  • Andrew J. Pincus
    T +1 202 263 3220
  • Alex C. Lakatos
    T +1 202 263 3312
Teleconference

Changes in Anti-Terrorism Act Liability Resulting from the Newly-Enacted Justice Against Sponsors of Terrorism Act (“JASTA”)

Many leading financial institutions have been sued under the US Anti-Terrorism Act (the “ATA”), based on allegations that they provided financial services that supposedly in some manner benefited terrorists. To the extent that plaintiffs’ claims rested on theories of aiding and abetting and conspiracy, courts have dismissed them because the ATA does not expressly subject defendants to secondary liability.

On September 28, 2016, Congress overrode President Obama’s veto of the Justice Against Sponsors of Terrorism Act (“JASTA”), making JASTA the law of the land in the United States. Most people understand JASTA as legislation that was designed to allow US victims of the 9/11 attacks to bring civil lawsuits against Saudi Arabia based on allegations that the Saudi government supported the 9/11 terrorists. But in fact, JASTA’s impact is broader. It expands the ATA by adding claims for aiding and abetting and conspiracy in certain circumstances.

Please join Mayer Brown lawyers Mark Hanchet, Alex Lakatos, and Andy Pincus as they:

  • Explain the legal landscape as it formerly existed under the ATA
  • Discuss the new secondary liability provisions in JASTA, and the risks the provisions pose for domestic and international financial institutions
  • Provide practical suggestions for minimizing those risks

For additional information, please contact .

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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3 November 2016
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