Uncategorized – RJ Gaito Law Firm https://rjgaito.com International Business Law Firm Fri, 16 Feb 2024 08:34:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 RJ Gaito builds out Finance & Restructuring practice with Harry Ghillemyn https://rjgaito.com/rj-gaito-builds-out-finance-restructuring-practice-with-harry-ghillemyn/ Mon, 21 Mar 2022 15:58:51 +0000 https://rjgaito.com/?p=1783 Luxembourg business law firm rj gaito welcomes Harry Ghillemyn who will be leading its Finance & Restructuring practice. Prior to joining the firm, Harry was a managing associate at Linklaters and counsel at Goodwin where he represented major private equity firms and credit institutions responsible for the firm’s debt, capital markets and restructuring offering. He brings a decade of high-end experience in the financial industry and focuses on capital markets, debt finance, digital assets, blockchain and fintech, restructuring and insolvency and space law and venture space financing.

“Harry is a high energy professional and his technical know-how, coupled with his business acumen, uniquely positions him to further build out our Finance & Restructuring practice in line with consistent high client demand for Luxembourg debt structures and products. Since our establishment we have achieved extraordinary results for our clients, both in our transactional and litigation practice. Our approach is to operate as a tight-knit task force and have a ratio of associates to partners significantly below that of other firms with the objective of delivering the most effective and sophisticated representation.” – Ronnen Gaito.

“The firm’s strong commercial dispute resolution practice brings significant added value to a restructuring practice as our clients’ challenges are addressed within the larger framework of their strategic, business, and financial goals. The team also has a unique insight into the digital assets industry and the space industry thanks to previous experiences at SES, Eutelsat and current involvement in space projects. Both sectors have become increasingly important for my clients.” – Harry Ghillemyn.

View Harry Bio

Ronnen Gaito
Harry Ghillemyn

]]> Luxembourg Regulator calls on supervised entities to enforce restrictive measures against Russia and Belarus https://rjgaito.com/luxembourg-regulator-calls-on-supervised-entities-to-enforce-restrictive-measures-against-russia-and-belarus/ Wed, 02 Mar 2022 20:26:25 +0000 https://quizzical-clarke.77-68-21-77.plesk.page/?p=1491

In light of ongoing events across Russia and Ukraine, several Western countries including the US, the EU, the UK and Switzerland have imposed new sanctions on Russia and Belarus related businesses significantly extending existing sanctions and export controls. The current sanctions include restrictions on several Russian financial institutions, regional embargoes, blocking measures, sovereign debt restrictions, commercial restrictions and measures targeting certain individuals and their assets.

This is a complex and rapidly evolving topic and further measures may be introduced in the coming days. The CSSF has called on supervised entities to enforce the sanctions, including any attempted transactions, and apply the greatest possible vigilance with respect to risks related to IT security and cyberattacks (currently only available in French:https://www.cssf.lu/en/2022/03/circular-letter-to-all-persons-and-entities-supervised-by-the-cssf/).

The impact of the sanctions cannot be underestimated considering the nine- and ten-figure settlements against non-U.S. entities engaged in trade with countries subject to U.S. embargoes. The global scope of certain measures requires careful consideration in a Luxembourg cross-border context.

How can our firm advise

We are tight-knit independent business law firm with a unique combination of regulatory and dispute resolution expertise, including sanctions related matters and their potential knock-on effects on Luxembourg incorporated institutions. We have successfully defended European institutions and their directors vis-à-vis US authorities for sanctions involving trade embargoes. We approach each matter with intensity, thoroughness and delicacy and have investigated the below topics:

  1. contractual review of main investor and/or finance documents assessing contractual liability risks for breach of contract
  2. assessment of risk of freezing orders and/or conservative measures taken in Luxembourg by disgruntled Russian counterparties as well as counterstrategy
  3. freezing orders and conservative measures taken over assets located in Luxembourg
  4. data leakage, cyberattack and consequent liability risk towards the relevant institution’s clients
  5. management liability assessment in light of criminal nature of infringement of some sanctions
  6. interplay of US sanctions and EU “blocking” measures

We track the evolvement of the sanctions and their impact on global players closely. Do not hesitate to get in touch should you require assistance.

Contact:

Ronnen Gaito         gaito@rjgaito.com
Harry Ghillemyn    harry@rjgaito.com

40 rue Glesener
L-1630 Luxembourg

Tél. (352) 20 600 333
Fax. (352) 20 600 334
Mob. (352) 621 32 37 34

e-mail: info@rjgaito.com

https://quizzical-clarke.77-68-21-77.plesk.page

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