Yesterday, the DOJ announced criminal charges against Jorge Cherrez Mino (pictured) and John Robert Luzuriaga Aguinaga in connection with a bribery scheme in Ecuador.
According to this criminal complaint, Cherrez (a citizen of Ecuador who is currently located in
Cannabis and Ballots, Part 1: Ecuador
Five Latin American nations are set to hold presidential elections in 2021, with legislative elections taking place in an additional two. Most of these contests will have implications for cannabis policy, and we will be looking at what is at
Friday Roundup
Sentenced, convicted, and ridiculous. It’s all here in the Friday roundup.
Sentenced
As highlighted in this prior post, in 2019 the DOJ criminally charged Armengol Alfonso Cevallas Diaz (an Ecuadorian citizen) in connection with a bribery scheme involving PetroEcuador
Ecuador’s Hemp Regulations
In October, Ecuador’s agriculture ministry (MAG) released hemp regulations, in the form of Acuerdo Ministerial No. 109 (English). This follows the National Assembly’s 2019 decriminalization of cannabis with a THC content of less than 1.0% THC (which entered
Issues To Consider From The Vitol Enforcement Action
This prior post highlighted the net $90 million Foreign Corrupt Practices Act enforcement action against Vitol for conduct in Brazil, Ecuador and Mexico. This prior post took a closer look at the net $28.8 million enforcement action brought by the Commodity Futures Trading
U.S. and Ecuador Update Trade and Investment Council Agreement
On December 8, 2020, the United States and Ecuador signed a new Protocol on Trade Rules and Transparency that updates the U.S.-Ecuador Trade and Investment Council Agreement (TIC Agreement). The Protocol adds four new annexes on (i) Customs Administration and
Cleary Gottlieb Discusses Case on Collective Action Clauses in Sovereign Debt Restructuring
On July 31, 2020, Judge Caproni in the Southern District of New York denied an emergency motion filed by certain bondholders for a temporary restraining order that would have halted efforts by the Republic of Ecuador (“Ecuador”) to restructure $17.4
FCPA Enforcement Actions Regarding Conduct In Ecuador
Ecuador.
It is on the smaller side of countries in South America in terms of population and land area. However, it has the third largest oil reserves in South America and thus many companies subject to the Foreign Corrupt Practices
Individual Enforcement Actions In Connection With Sargeant Marine Matter Span Several Years
[Just when you think 2020 can’t get any more strange, there were no SEC FCPA enforcement actions during the final days of September. Why is this strange? Because as highlighted in this prior post, approximately 15% of SEC FCPA
New Treatments for COVID-19: Recent International Activity Relating to IP and Some Tools the US Already Has in Place
As potential COVID-19 treatments enter human trials, the question of pricing, access, and intellectual property has naturally entered the discussion. With numerous private entities working on a cure, the industry, governments, payers, healthcare groups, and other stakeholders are quickly pushing