National Defense Authorization Act Archives

28 Dec 2020 | Erica L. Litovitz

Client Alert: Congressional Ban on Anonymous Shell Companies in the U.S. Has Huge Implications for Businesses and Financial Institutions

While businesses across the country have been eagerly planning, preparing, and waiting for Congress to pass the latest coronavirus relief package, less attention was paid to the Corporate Transparency Act (CTA), which sailed through the House and Senate in early December. The CTA was part of the National Defense Authorization Act which the President recently vetoed; however, the House voted ... Read More

TAGGED: Business Law, National Defense Authorization Act, Corporate Transparency Act, anonymous shell corporations, Financial Crimes Enforcement Network, Bank Secrecy Act

18 May 2020 |

SCOTUS Opinion: Republic of Sudan Exposed to $4.3 Billion In Punitive Damages

Victims of an al Qaeda terrorist attack sued the Republic of Sudan under the Foreign Sovereign Immunities Act, which carved a specific exception under 28 U.S.C. sec. 1605(a)(7) for states that sponsored terrorism. When the victims filed suit, Section 1605(a)(7) did not permit recovery of punitive damages. Then In 2008, Congress amended FSIA through the National Defense Authorization Act, which ... Read More

TAGGED: Foreign Sovereign Immunities Act, SCOTUS opinon, Punitive Damages, 28 U.S.C. sec. 1605(a)(7), National Defense Authorization Act, 1605A(c), 1803(c)(3), Opati v. Rebublic of Sudan