Recent decisions in the New York courts will have significant implications for non-US financial institutions doing business within the United States, as well as for US financial institutions with non-US branches. Among other things, these decisions will affect—positively or negatively—the likelihood that non-US banks doing business in New York will be: (1) subjected to US jurisdiction and required to defend themselves in New York court; (2) subjected to US laws inconsistent with their home country laws and penalized for obeying their home country laws; and (3) required to make payments in New York to satisfy judgments against their non-US customers. In this rapidly evolving legal landscape, the challenges of minimizing exposure and navigating laws in multiple jurisdictions are greater than ever.
In most of the cases mentioned above, Mayer Brown lawyers—including Mayer Brown partner Alex Lakatos and associates Christopher Houpt and Paul Hughes—participated in the submission of either the merits brief or an amicus brief. Please join Alex, Chris and Paul as they discuss the threats and opportunities these cases present, including:
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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