Diaz Reus Blunts Criminal Sentence for Taiwanese Businessman’s OFAC Violation

August 31, 2010

Diaz, Reus & Targ, LLP Successfully Blunts Criminal Sentence For Taiwanese Businessman’s OFAC Violation (U.S. District Court Southern District of Florida – Case Number 10-20246-CR-Jordan) On Friday, August 27, Taiwanese businessman Yi-Lan “Kevin” Chen was sentenced to 3 1/2 years in federal prison by U.S. District Court Judge Adalberto Jordan, successfully avoiding a severe sentence [...]

Read the full article →

Federal Court’s Decision Limits RICO’s Reach Outside U.S

August 26, 2010

New York, NY (PRWEB) August 25, 2010 Federal Court’s Decision Limits RICO’s Reach Outside U.S. Yesterday, a federal court in New York dismissed a RICO lawsuit brought by one of Venezuelan President Hugo Chavez’s most vocal critics, Eligio Cedeno. Mr. Cedeno, a fugitive from the Venezuelan justice system who is currently in Miami, Florida, sued [...]

Read the full article →

Mexico’s Central Bank Imposes New Limits on Bank Fees and Commissions

August 25, 2010

Guest post by Carlos Gonzalez, partner, Diaz Reus and Ricardo Ortiz, associate Mexico’s central bank (Banxico) on July 26 imposed several new limits on bank fees and commissions. Among the new regulations are prohibitions against banks charging account holders fees on deposits and loan payments. Also, banks will be required to display the total cost [...]

Read the full article →

Dubai Debtors Prison Snares Unwary Businesspeople

August 12, 2010

Diaz Reus partner Carlos Gonzalez is quoted in a compelling August 11 Bloomberg article on the sorry state of Dubai justice and the dubious incarceration of foreign executives suspected of fraud. While striving to become a world-class financial center, Dubai’s justice system remains archaic and provincial. In an effort to address fraud and over-development, it [...]

Read the full article →

China Opens Miami Free Zone “Manufacturers Mall” to Help Latin American Buyers

August 12, 2010

Burgeoning China-Latin American trade got a boost August 10 with the opening of the China Sourcing Center, a 76,000-square-foot, duty-free “manufacturers mall” at the Miami Free Zone in Doral. As reported in The Miami Herald, the center enables Latin American commercial buyers to view a range of Chinese products—from building materials to electronics to consumer [...]

Read the full article →

China’s New Regulation of E-Comerce: Fundamental Impact to Pay Pal and Third Party Payment Services

August 12, 2010

WILL PAYPAL THRIVE IN CHINA? Guest post by Vincent Li, Associate Attorney, Diaz Reus. On June 21, 2010, the central bank of China issued the administrative rules governing payment services by non financial institutions (the “Rules”).  The Rules are the first set of regulatory measures China has adopted towards non-bank third-party payment processors like PayPal.  [...]

Read the full article →

Let’s Change the Way Supreme Court Justices are Appointed

August 3, 2010

Guest Post by Carlos Gonzalez. President Obama was elected on a platform of change. Yet, when it comes to appointing federal judges, especially justices to the U.S. Supreme Court, change is the last thing we have seen. Consider Elena Kagan. I was disappointed by her nomination, not because I disagree with her views on key [...]

Read the full article →

Asian and Middle Eastern Business Ethics Hit Latin America

July 20, 2010

Beware when doing business in Latin America. Thanks to growing Chinese and Middle Eastern investment there, fraud and bribery are growing as well. Business practices considered unethical, fraudulent and illegal in the United States, such as bribery and financial “favors,” are largely tolerated and thriving in the developing regions of the Western Hemisphere, with little [...]

Read the full article →

Recovering Assets from International Financial Fraud

July 20, 2010

The element of surprise. Tracking monies stolen by a Ponzi-scheme architect being prosecuted by the SEC, our investigators and attorneys found $15 million secreted in Panama accounts and moved to repatriate the assets. But two days before the freeze orders hit, the bad guys got tipped off by corrupt bank officials and moved the cash [...]

Read the full article →

Guevara Reward in Peru Spy Case Blocked by 11th Circuit

June 27, 2010

In December 2000, Jose Guevara, a former Venezuelan intelligence agent, was introduced by his second cousin to an international fugitive, the target of an international manhunt. Then, spurred in part by the allure of a $5 million reward, Guevara helped authorities capture the fugitive, former Peruvian spy master Vladimiro Montesinos. Montesinos’ capture was considered a [...]

Read the full article →

← Previous Entries