OFAC revokes so-called U-turn authorization for Cuba-related financial transactions
OFAC published a final rule that modifies the Cuban Assets Control Regulations to revoke the so-called "U-turn" authorization.
Welcome to the fifth edition of Corporate and commercial disputes review.
In this edition, we feature an analysis of the law on contractual discretion, an issue that will be of interest to clients across all industries and sectors. We also consider trends in case law on contractual interpretation and a recent case concerning
agreements to agree.
Turning away from the field of contract law, we examine an important decision on legal professional privilege. We also consider the related subject of data subject access requests and review two recent cases where the Court of Appeal has considered the use of DSARs as a way of obtaining disclosure of documents. On the regulatory side, we review the new Criminal Finances Act and the changes to the suspicious activity report regime.
In relation to company law, we look at a recent case concerning the valuation of shares.
Finally, in light of recent currency fluctuations, we review two recent cases where the courts have grappled with the impact of changes in exchange rates on costs.
On 5 September 2019, Professor John McMillan AO’s Final Report (Report) on the operation of the Narcotic Drugs Act 1967 (ND Act) was tabled in Parliament. Section 26A of the ND Act required the Minster to cause a review of the operation of the ND Act to be undertaken.