The Black Gold Rush

by RitaZhao April 27, 2011 Diaz Reus News

Pipeline, March 27, 2011 World interest may be focused on the dramatic political changes taking place in North Africa, but the continent’s energy industries are still booming. Africa’s oil and gas landscape is changing fast, with commercial battling taking place between Western companies and Asian players. Ghana, Kenya, Nigeria and Angola have become sites of […]

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Asset Hunting and Anti-Money Laundering: Justice on the Trail of Tears

by RitaZhao April 27, 2011 AML

by Michael Diaz ,Jr., Carlos Gonzales, Sumeet H. Chugani and Xingjian Zhao The Financial Law Report, March 1, 2011 In recent years, the terms “Ponzi scheme,” “financial fraud,” and “mon­ey laundering” have become unfortunate household names. Fraudsters like Bernard Madoff have given new meaning to the term “financial fraud,” leaving behind a trail of tears and […]

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Diaz Reus & Targ, LLP opens office in Dubai International Financial Centre

by RitaZhao April 20, 2011 Diaz Reus News

It has been reported that Diaz Reus & Targ, LLP, a Miami-based full-service international law firm focusing on project finance, trade, customs, financial, commercial and corporate transactions and governance, foreign government relations, tax planning, immigration, litigation, and arbitration, has opened a new full service office in the Dubai International Financial Centre (DIFC), announces Michael Diaz, […]

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Risk-based compensation practice in the US

by RitaZhao March 16, 2011 Diaz Reus News

by Adriana C. Clamens Risk-based compensation is a practice whereby banks and financial institutions create attractive compensation packages as an incentive for executive employees willing to make risky —inherently unsafe—business and financial decisions. The recent history of the financial markets strongly suggests that the practice of incentive-based compensation compel bank executives to turn a blind […]

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Fraud Victims ‘Breaking The Bank’

by RitaZhao March 16, 2011 Diaz Reus News

by Michael Diaz Jr. and Carlos F. Gonzalez As the architect of the largest Ponzi scheme in recorded history, Bernard Madoff swindled investors out of billions. His actions ruined the lives of countless individuals and, for that, he has been properly punished. The same, however, cannot be said for those that helped Madoff pull off […]

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From soybeans to steel: a complex future for China-Brazil trade relations

by RitaZhao February 23, 2011 Diaz Reus News

byElenice Portz and Xingjian Zhao In 2009, during the midst of the global economic crisis, China quietly displaced the United States as Brazil’s top trade partner. According to Brazil’s Ministry of Development, Industry and Foreign Trade, bilateral trade between the two emerging BRIC nations exceeded $50 billion USD during the first eleven months of 2010 […]

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The growing cost of investing in China: a shift in strategy

by RitaZhao February 23, 2011 Diaz Reus News

by Vincent Li Beginning December 1, 2010, foreign enterprises in China were required to pay “municipal maintenance and development taxes” and “educational taxes,” eliminating the last two tax exemptions that were previously accorded to foreign-invested companies. As a result, foreign invested companies enjoy no more tax benefits and bear the same tax burdens and obligations […]

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Mexico and the automotive industry

by RitaZhao February 23, 2011 Diaz Reus News

by Ricardo Ortiz Gil Lamadrid Mexico provides automotive companies with tremendous business opportunities. This is due to the strength of a unique market that has transformed into one of the centers of the global automotive industry. In the global automotive sector, Mexico has become an export platform. The largest companies in the world are increasingly […]

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Asset Hunting and Anti-Money Laundering: Justice on the Trail of Tears

by RitaZhao February 21, 2011 Diaz Reus News

By Michael Diaz, Jr., Carlos F. Gonzalez, Sumeet H. Chugani and Xingjian Zhao   I. Introduction On March 3, 2009, a group of scorned investors filed suit in the United States District Court for the Southern District of Florida after being burned by a $170 million offshore Ponzi scheme. These investors sued to get their […]

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New York high court exonerates advisers for aiding and abetting corporate fraud

by RitaZhao February 8, 2011 Diaz Reus News

By Carlos F. Gonzalez, Esq The Delaware Supreme Court recently affirmed a judge’s order dismissing a derivative action filed against American Inter-national Group’s outside auditor, Price-waterhouseCoopers. Teachers’ Ret. Sys. of La. v. PricewaterhouseCoopers LLP, No. 454-2009, 2011 WL 13545 (Del. Jan. 3, 2011). The high court’s order followed a determination by the New York Court […]

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