Cyprus Financial Crisis Creates Scrutiny on the Banking Activity of Bad Actors

The finan­cial cri­sis that enveloped Cyprus, in con­nec­tion with the broad­er EU finan­cial cri­sis, has cre­at­ed the poten­tial for mar­ket scruti­ny of bad actors — par­tic­u­lar­ly Russ­ian — that might be using Cyprus as a safe haven or finan­cial hub.  The dis­clo­sure of such enti­ties could impact the risk assess­ments of oth­er finan­cial insti­tu­tions and safe havens, call­ing into ques­tion their mar­ket ...

Significant Market Reverberations to PLA and SOE Hacking Scandal

The pub­lic report issued by Man­di­ant in Feb­ru­ary 2013 and the charges filed by the U.S. Jus­tice Depart­ment in May 2014 have exposed SOEs impli­cat­ed in this scan­dal to poten­tial mar­ket scruti­ny and penal­ty due to vio­la­tions of good faith mar­ket prin­ci­ples.  The emerg­ing real­i­ty of cer­tain con­tracts, joint ven­tures and oth­er agree­ments hav­ing been achieved by cheat­ing part­ners, clients and ...

Sale of Telecom Equipment: ZTE Corporation (China)

On July 24, 2011, the Telecom­mu­ni­ca­tion Com­pa­ny of Iran signed a con­tract for the pur­chase of com­put­er hard­ware and soft­ware from ZTE Cor­po­ra­tion.  The con­tract for $120 mil­lion includ­ed equip­ment from Microsoft, Hewlett-Packard, Ora­cle, Cis­co Sys­tems and Dell.  Report­ed­ly, ZTE main­tains “sub com­pa­nies” allow­ing it to pur­chase telecom­mu­ni­ca­tions equip­ment that it intends to sell to embar­goed ...