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International Sanctions Law - Recent Developments from a U.S. and EU Perspective


Speaker(s): Andrew S. Jacobson, Bruce G. Paulsen, Cherie Spinks, Stephen Gentle
Recorded on: Sep. 4, 2019
PLI Program #: 282023

Bruce G. Paulsen is a member of Seward & Kissel’s Litigation Group.  Bruce has practiced law since 1985, and has been a partner since 2002.

Described as a "true professional” (Legal500 2013) providing “sound guidance” in dispute resolution (Chambers USA 2013), Bruce specializes in handling complex commercial disputes.  He recently won a series of securities litigations against publicly-held companies.  He has achieved landmark victories in trial and appellate courts in a variety of business litigations.  He recently obtained the largest sanctions award in New York history.  Bruce has no fear of taking cases to trial when a reasonable settlement cannot be obtained, and is comfortable before judges, juries, and arbitrators.  Commercial disputes handled by Bruce have included contract disputes, fraud, trade claims, securities, commodities, derivatives, international disputes (including international arbitration), insurance, reinsurance, banking, investment funds, real estate, bankruptcy, regulatory disputes, and others.  He has substantial expertise in the area of international trade sanctions and has been deeply involved in handling piracy issues before U.S. government agencies.

Bruce also handles finance and securities-related disputes in the shipping industry.  Bruce has successfully defended significant securities claims brought against publicly-financed shipping ventures, including claims brought in offshore jurisdictions.  He has represented bondholders, bond issuers, secured lenders and other creditors in matters arising from some of the most significant financing defaults in the shipping business.  Further, he has acted for shipowners, charterers, lenders, borrowers, marine insurers, shipyards and others in litigations and arbitrations involving more traditional maritime disputes, including environmental matters.  He is an expert in the recognition and enforcement of arbitration awards.

Bruce is a member of the Committees on Commercial Litigation and Business Litigation of the American Bar Association and the Litigation Committee of the International Bar Association.  He is a Proctor member of the Maritime Law Association.

Described as an "excellent communicator," Bruce has written and lectured frequently on litigation, arbitration, piracy and sanctions issues and is highly engaged, on a pro bono basis, in non-profit governance.

Ranking and Awards
  • Chambers (USA) 2013 (transportation litigation)

  • Legal 500 (2013) (securities litigation)

  • Top Rated Lawyers

  • Annual Guide to Business Litigation 2012

  • The Lawyers World Leading Lawyer Awards 2012 (Shipping and Maritime)

  • New York Super Lawyers 2013 (business litigation)

  • Corporate Counsel Super Lawyers Edition 2012

  • AV Peer Review Rated by Martindale-Hubbell

  • Rated “Superb” (10.0 out of 10.0) by Avvo.com 

Education

J.D., Tulane University School of Law, cum laude, 1985

B.A., Columbia University, 1980


Bar Admissions

New York

Court Admissions

U.S.D.C., Southern District of New York
U.S.D.C., Eastern District of New York
U.S.C.A., Second Circuit
U.S.C.A., Third Circuit
U.S.C.A., Fourth Circuit
U.S.C.A., Fifth Circuit
 


Andrew Jacobson is an associate in the Litigation Group. Andrew represents individuals and institutional clients in connection with complex governmental investigations, regulatory probes, and related civil matters. Andrew also regularly advises clients on matters relating to OFAC sanctions.

Prior to joining Seward & Kissel, Andrew served as an enforcement attorney in the Financial Frauds & Consumer Protection Division at the New York State Department of Financial Services. In that capacity, he managed and led complex investigations into the banking and insurance industries, including investigations into widespread manipulation in the foreign exchange market, high-frequency trading abuses, international sanctions violations, anti-money laundering violations, predatory lending practices, and illegal insurance practices.

In addition, Andrew served as special counsel to the Moreland Commission on Utility Storm Preparation and Response, which was a special commission established by Governor Andrew M. Cuomo to investigate New York’s utility companies following Hurricane Sandy. In that position, Andrew led investigations into some of New York’s largest utility companies, which resulted in widespread industry reforms.

Andrew has authored numerous articles in the New York Law Journal and is regularly quoted on legal matters in publications that include the Wall Street Journal, Reuters, and Law360.

He received a B.A., cum laude, from Union College, and a J.D. from Cornell Law School.


Stephen is head of the firm’s Crime, Fraud & Investigations group. He specialises in assisting corporate and individual clients in complex fraud and financial regulatory matters, frequently with multi-jurisdictional aspects.

He has particular expertise in advising in anti-bribery and anti-money laundering compliance, investigations and proceedings and Financial Conduct Authority matters (with a particular emphasis on insider dealing, market misconduct and international regulatory issues). He has expertise in Competition and Markets Authority criminal cartel investigations. His international criminal practice covers extradition proceedings, financial sanctions advice and mutual legal assistance requests where he acts for corporations, individuals and governments.

Alongside his fraud practice he has extensive experience in advising members of government and law enforcement agencies in sensitive enquiries where independent expertise in criminal law is required.

Stephen also has expertise in the criminal aspects of the restraint and recovery of the proceeds of crime both in its domestic and cross border aspects.

Stephen is listed in Band 1 in the 2019 Chambers UK guide to the legal profession (Financial Crime (Corporates) and Band 1 for Financial Crime (Individuals and Cartel Investigations) where he is described as “very clever, very able, can see the big picture” and that “he has excellent technical knowledge and combines this with strategic advice and an intuitive understanding of what the client wants”. The Legal 500 describes him as being a leading practitioner “at ease advising both corporates and individuals” and notes the “calm reassurance” he brings “to problem areas”. He was recognised as Who’s Who Legal’s Business Crime Defence Lawyer of the Year 2016 and Global Investigations Review (Investigations 2019) describes him as “one of the best around” and a Global Elite Thought Leader.


Cherie is a lawyer in our London office and a member of the firm's Crime, Fraud & Investigations Group. She has significant experience in advising financial institutions and international corporations on extradition and high profile fraud and corruption investigations in both the UK and internationally, including those run by the UK Serious Fraud Office. Cherie is a lead member of Simmons & Simmons’ sanctions team advising professionals and corporations on compliance with UK and EU sanctions regimes and on technical money laundering issues, including disclosure obligations, and on implementation of worldwide anti money laundering procedures. Cherie has spent time on secondment to the legal department of an international energy company advising on anti corruption and anti money laundering compliance issues.