There is no question that the financial services industry is facing increased scrutiny. The US Consumer Financial Protection Bureau continues with aggressive enforcement efforts; banks are alleged to be engaged in antitrust violations; financial institutions are involved in a substantial amount of civil litigation in countries throughout the world; fines and penalties continue to rise, setting new records; and courts are endorsing an expansive reading of the FCPA by the Securities and Exchange Commission and the Department of Justice.
In our Banking & Finance Litigation Webinar Series we will explore these and other issues, discuss how they are affecting the financial services industry and consider what the future might hold.
In the first webinar, we will focus on two topics: some of the cross-border issues commonly encountered in disputes with an international angle, and the DOJ’s aggressive investigation into customers’ alleged use of non-US bank accounts and non-US entities to evade US taxes.
Cross-border Issues: A Practical Focus on Jurisdiction and Parallel Proceedings
Please join Mayer Brown partner Mark Hanchet and counsel Dan Hart as they discuss:
- The evolution and interaction of the laws and regulations relating to jurisdiction and parallel proceedings in the United States, Europe and other key jurisdictions
- Practical steps that financial institutions (and others) can take to increase the prospect of their cases being heard in their preferred court
- How to avoid, or reduce the risk of, parallel proceedings, and how to manage them when they arise
US Department of Justice’s Tax Division Investigations of International Financial Institutions
Recently, an increasing number of non-US banks have been investigated to determine whether they may have aided their US taxpayer customers to evade US income tax obligations.
Please join Mayer Brown partners Alex Lakatos and Jon Sambur as they discuss:
- Key types of conduct that can give rise to tax-related exposure
- How the DOJ selects targets to investigate
- How non-US financial institutions can assess and mitigate their risk.