BANKING LAW
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EU high court upholds sanctions on Zimbabwe
April 22, 2015
The EU General Court on Wednesday upheld sanctions placed on individuals and companies in Zimbabwe. The action, brought in 2012 by Zimbabwe's Attorney-General Johannes Tomana and 120 other individuals, challenged sanctions first imposed in 2002 as a result of the EU's concerns regarding pre-election....... [more]

Nebraska advances bill to repeal death penalty
April 17, 2015
Nebraska lawmakers voted 30-13 Thursday in favor of legislation that would repeal the death penalty and replace it with life imprisonment in first-degree murder cases. Nebraska currently has 11 men sitting on death row but no way of executing them because its supply of sodium thiopental expired in D....... [more]

Euro bank identifies risks in Greece anti-foreclosure law
April 11, 2015
The European Central Bank (ECB) on Friday released an opinion on Greece's draft law prohibiting the foreclosure of primary residences. Under the draft law, banks are prohibited from auctioning primary residences valued at less than €300,000 (USD $317,580), provided that borrowers meet certain....... [more]

Supreme Court seeks Obama administration position on Iran bank judgment
April 7, 2015
The US Supreme Court on Monday asked for the Obama administration's position on an appeal by the Iranian Central Bank over whether $1.75 billion must be paid to families of the victims of the 1983 Lebanon US Marine Corps barracks bombing. The victims' families were awarded $2.65 billion in 2007 afte....... [more]

Obama signs order imposing sanctions for foreign cybersecurity threats
April 2, 2015
US President Barack Obama on Wednesday signed an executive order to increase penalties against foreign cybersecurity threats. The executive order establishes sanctions against individuals or entities outside the US that engage in "significant malicious cyber-enabled activity." The new sanctions prog....... [more]

Supreme Court hears oral arguments in bankruptcy dispute
March 25, 2015
The US Supreme Court heard oral argument on Tuesday in a pair of consolidated cases involving a dispute over federal bankruptcy laws brought by Bank of America (BOA). The cases, Bank of America, NA v. Caulkett and Bank of America, NA v. Toledo-Cardona, stem from the mortgage bubble and collapse of....... [more]

New Mexico passes bill ending civil asset forfeiture
March 22, 2015
The New Mexico legislature on Saturday passed a bill that will end civil asset forfeiture in the state. The bill, HB 560, was passed in the senate by a vote of 37-0. Civil asset forfeiture is a police practice in which authorities can take an individual's property without charging that person for a....... [more]

EU top court dismisses Iranian bank's sanctions challenge
March 5, 2015
The European Court of Justice (ECJ) on Thursday threw out a challenge by an Iranian trade bank based in Hamburg after the bank questioned its inclusion on the EU's sanction list. This action marks a victory for the EU, coming after many of its Iran sanction rulings were overturned by courts. The EU....... [more]

EU court annuls European Central Bank oversight requirement
March 4, 2015
The General Court of the European Union on Wednesday annulled a portion of the European Central Bank's (ECB) Eurosystem Oversight Policy Framework requiring financial institutions clearing trades in euros to be located in the Eurozone. The UK brought the action before the General Court, contending t....... [more]

France court approves extradition of former Kazakhstan energy minister
March 4, 2015
The French Court of Cassation on Wednesday approved the extradition of Mukhtar Ablyazov, Kazakhstan's former energy minister accused of misappropriating USD $6 billion from BTA Bank. The court upheld the extradition requests from Russia and Ukraine, which both house BTA Bank branches, partly beca....... [more]

North Carolina judge allows voter ID case to go to trial
March 1, 2015
A North Carolina state judge on Friday allowed a lawsuit regarding voter ID laws in North Carolina to proceed to a summer trial, refusing to uphold or strike down the voter requirements as is. The lawsuit, filed by the League of Women Voters of North Carolina, A. Phillip Randolph Institute and and....... [more]




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