Skip to main content

International Economic Sanctions Law – Update on Developments from a U.S. Biden Administration and EU Perspective


Speaker(s): Alexandra Webster, Andrew S. Jacobson, Bruce G. Paulsen, Cherie Spinks
Recorded on: Oct. 14, 2021
PLI Program #: 337889

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 attorney at Seward & Kissel LLP, representing individual and institutional clients in connection with complex governmental investigations, regulatory probes, and related civil matters. In addition, as a member of the Firm’s Sanctions Practice Group, Andrew has extensive experience advising on matters relating to economic sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). Andrew also regularly advises on regulatory issues relating to cryptocurrency and blockchain technology as a member of the Firm’s Blockchain and Cryptocurrency Group.

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 (DFS). 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, anti-money laundering violations, predatory lending practices, and illegal insurance practices. During his time at DFS, Andrew also brought some of the most significant enforcement actions for violations of U.S. economic sanctions, resulting in hundreds of millions of dollars in monetary fines and widespread industry reforms.

In addition, Andrew served as special counsel to the Moreland Commission, 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, resulting in industry and legislative reforms.

Andrew serves as chair of the Export Controls, Sanctions, and Anti-Corruption Subcommittee of the International Bar Association’s International Commerce and Distribution Committee. He also serves on the BSA/AML and Enforcement Committees of the Virtual Commodity Association (VCA) and is a member of the Digital Chamber of Commerce’s AML Task Force. In addition, Andrew co-authored a chapter in Global Investigation Review’s inaugural Guide to Sanctions titled “Navigating Conflicting Sanctions Regimes.” Andrew has lectured on economic sanctions laws for Practising Law Institute (PLI) and the Regulatory Compliance Association (RCA), 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.


Alexandra is a managing associate in the Crime group in London. She advises corporates and individuals on complex criminal investigations and proceedings and has particular expertise in managing the strategic, legal and procedural issues that arise in high-value, high-profile cases involving parallel civil litigation.

She was a member of the team awarded Commercial Litigation Team of the Year (Legal Business Awards), Litigation Team of the Year (The Lawyer Awards) and Banking Litigation Team of the Year (Legal Week Commercial Litigation & Arbitration Awards) in 2019, for successfully defending Grant Thornton and others against claims brought by the Tchenguiz brothers.


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.