After London and Paris, Rimon Set on Further International Expansion, Law360 Reports
Michael Moradzadeh
Rimon Partner Rodrigo Castillo Cottin Highly Recommended by Leaders League for Wealth Management
Rodrigo Castillo Cottin
Global Law Firm Rimon PC expands international reach with opening of new London office
Roger Parker
Swaps Experts Say Market Will Grow; Others Differ in Opinion As the swaps market braces for Dodd-Frank impact, firms and investors differ on the anticipated changes in the newly regulated market. Citigroup, Inc. recently released a white paper predicting that interest rate and credit default swaps will grow more than 10% by 2013 as trading…
ISDA Calls for Coordination Amongst Global Regulators The International Swaps and Derivatives Association (ISDA) recently announced their position that Global regulators need to first coordinate new rules for trade repositories before drafting more complex derivatives rules. The ISDA feels that G20 agreed upon reforms must be enacted prior to other rules so that there is…
CFTC Increases Policing Power under Dodd-Frank The Commodity Futures Trading Commission (CFTC) has finalized a set of five “anti-manipulation” rules with respect to Title VII of Dodd-Frank requirements. The CFTC voted unanimously to expand the government’s ability to police potential fraud and insider trading with respect to derivatives. The CFTC established that a regulator need…
Banks Ask for Margin Relief The largest U.S. banks via a joint letter on June 29, 2011 asked the Commodities Futures Trade Commission (CFTC) to remove the requirement that overseas swap transactions be subject to margin requirements, regardless of whether the swap counterparty is an affiliate of a U.S. organization. This follows on the coattails…
NYSE sees Growth in Derivatives in June Uncertainty reigns in the derivatives market as regulators on either side of the Atlantic debate upcoming risk managements regulations, but this has hardly slowed the growth of the industry. http://derivative-news.fincad.com/derivatives-news/nyse-sees-growth-in-derivatives-in-june-1274/
Britain and EU Differ over Derivatives Reform Rules Last Monday, July 4, the EU announced that it won’t be prepared to make any decisions regarding derivatives regulation before September. The European Market Infrastructure Regulation (EMIR) has hit a road block as a result of the inability of the European states to reach compromise on which…
Earlier this year in March, Amazon launched the Amazon Appstore, which was then a new avenue for buying Android apps. Almost immediately after the launch, Apple proceeded to file a trademark infringement suit against Amazon over the usage of the “Appstore” phrase. The case is contingent upon whether “app store” can be deemed a generic…
LegalZoom, as referenced in http://www.rimonlaw.com/blog/2011/05/31/e-law-firms-versus-document-mills, is an online service that allows people to economically generate their own legal documents, which are customized by a series of questions – think TurboTax for law. Though customized, the product is still based on a limited set of templates. LegalZoom is based in California, and was founded by Robert Shapiro,…
SEC and CFTC Differ in their Approach to Temporary Relief Title VII of the Dodd-Frank Act gives authority to the Securities Exchange Commission (SEC) to regulate security-based swaps, while the Commodities Futures Trading Commission (CFTC) will generally be responsible for swaps markets. Both the SEC and CFTC have recently announced temporary relief will be available…
Firms Oppose FDIC Claw Back Provision On Wednesday (July 6, 2011), the Federal Deposit Insurance Corp. (FDIC) voted on a rule allowing the government to recover payments from both senior executives and directors who the FDIC determines to be “substantially responsible” for a financial firm’s failure. This rule, known as the “claw back provision,” is…
