Summary: Part II draws on recent enforcement actions to illustrate how OFAC applies this approach in practice. It highlights the heightened expectations placed on professional service providers and explains why ownership screening alone can no longer be treated as a complete compliance exercise.
Continue Reading How OFAC’s Latest Guidance Changes the Sanctions Compliance Landscape – Part II
Summary: The Supreme Court in its landmark ruling in Nagaraj V. Mylandla v. PI Opportunities Fund-I has charted out a clearer path for PE/ VC exits. It has held that a promoter responsible for providing exits to its investor cannot relitigate issues in an Indian court already decided by the seat court. By doing so, the court has formally embraced the doctrine of transnational issue estoppel.
Continue Reading Finality in PE/ VC Exits Across Borders: SC Endorses Transnational Issue Estoppel