Client Alert February 20, 2025

Leveraging Delaware’s Trust Law Against Aggressive Creditors

  • As creditors find ways to crack Delaware’s trusts, debtors should remain mindful of the debtor-friendly features of Delaware trust law.
  • Delaware allows individuals to shield assets through a domestic asset protection trust (DAPT), where the trust's settlor is also the trust’s beneficiary. Using DAPTs, a settlor can shield his or her assets from creditors while retaining the right to benefit from those assets.
  • Although DAPTs are inherently robust, settlors should take every precaution to maximize their protective measures.

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Publications February 13, 2025

Helena Shipman on How Wealthy Families Can Protect Their Online Reputations for PWM

Kobre & Kim’s Helena Shipman shares her insights on the risks of disinformation in Professional Wealth Management

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Client Alert February 13, 2025

U.S. Grows as Forum for Redress of Global Trade Secret Disputes

  • Claimants in trade secret disputes around the world increasingly bring their claims to U.S. courts and the U.S. International Trade Commission (ITC).
  • Kobre & Kim partner Michael Ng recently discussed the trend in his interview with IAM Magazine. 
  • Kobre & Kim recently won a California case for firm client Propel Fuels, winning a US $604.9 million jury verdict in October—the most significant trade secret verdict of 2024.

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Client Alert February 6, 2025

Kobre & Kim Expands in Latin America with New Regional Managing Director in São Paulo, Brazil

  • As part of its continued growth in Latin America, Kobre & Kim has appointed Renata Ramalhosa as Regional Managing Director, based in São Paulo.
  • Renata will expand and enhance relationships with local law firms, strategic advisors, key regional stakeholders, and clients outside of Brazil with Brazilian interests.
  • Renata has held leadership roles in both the private and public sectors.

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Client Alert January 30, 2025

Aggressive Amendments to U.S. Statute of Limitations for Money Laundering Heightens Risks for Non-U.S. Targets

  • The U.S. Department of Justice (DOJ) continues to expand its aggressive enforcement efforts of non-U.S. individuals in money laundering investigations.
  • Recent amendments to the statute of limitations for these violations have extended the prosecution timeframe from 5 to 7 years.
  • At-risk individuals should take proactive steps to ensure they are protected.

 

 

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Publications January 24, 2025

Michael Ng Discusses $604.9 Million Propel Victory on Law, disrupted with John B. Quinn

Kobre & Kim’s Michael Ng joined John B. Quinn on his Law, disrupted podcast to discuss a recent US $604.9 million jury verdict Kobre & Kim obtained on behalf of Propel Fuels in its trade secrets misappropriation case against Phillips 66.

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Client Alert January 23, 2025

Managing Risks Amid New Opportunities in Africa’s Extractive Industries

  • As Africa's landscape continues to open new opportunities for investors in the extractive industries, challenges such as navigating high-risk jurisdictions and maintaining the support of governments and local business partners persist.
  • Rapid political shifts can strain or irreparably damage relationships, while adverse actions by key local business partners can create significant operational hurdles.
  • While the decision to operate in volatile markets can be a lucrative one, businesses and individuals can take the proactive steps below to ensure their investments stay protected.

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Client Alert January 16, 2025

Brazilian Insolvencies: Offshore and Cross-Border Strategies

  • The December 2024 Chapter 15 filing of Brazilian cement group Intercement is the latest in a series of insolvency cases involving Brazilian companies with cross-border implications.
  • Navigating the multijurisdictional aspects of distressed situations could prove both demanding and rewarding for international creditors and investors.
  • Since a recent bankruptcy law was enacted, several tools have become available in Brazil for international creditors looking to improve their leverage.

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Client Alert January 9, 2025

Investors Should Be Mindful of New Aggressive South Korean Crypto Regulation and Enforcement

  • Under Korea’s 2024 Virtual Asset User Protection Act (the “Act”), crypto investors and traders active in Korea face significant regulatory risk.
  • While many applaud its proactive effort to combat market manipulation in virtual asset trading, others express concerns over its broad definitions and potential impact on common market-making activities legitimately used in other financial markets.
  • We explain how potential targets can prepare for arising risks during this period of transition and uncertainty.

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Publications January 7, 2025

Michael Ng with IAM: U.S. Status as Trade Secret Litigation Forum Expected to Strengthen in 2025

Kobre & Kim’s Michael Ng sat down with IAM to discuss emerging trade secrets trends and global competition of litigation forums in 2025, a process he expects to speed up in 2025.

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Client Alert December 19, 2024

Kobre & Kim Scores Victory in US $10+ Billion Award Enforcement Against Venezuela and PDVSA

  • Kobre & Kim currently represents ConocoPhillips in its efforts to enforce over US $10 billion in judgments and arbitration awards against the Republic of Venezuela and related state-owned entities. 
  • A recent victory in the U.S. Third Circuit Court of Appeals has cleared a path for ConocoPhillips to enforce a judgment recognizing an ICSID award against Venezuela's state-owned oil company's shares in its Delaware subsidiary. 
  • This victory shows how the "alter ego" theory can be used as an effective leverage point against a recalcitrant sovereign debtor, increasing claimant chances of achieving favorable returns.

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Client Alert December 12, 2024

Creditors Can Enhance Returns Amid Surge in Global Sovereign Debt

  • Creditors and investors in sovereign debt are riding a wave of new opportunities driving returns with global public debt projected to exceed US$100 trillion by the end of 2024, making it possible to reap higher returns on claims against sovereigns previously thought too difficult to enforce.
  • A well-thought-out strategy can increase returns and accelerate enforcement timelines.

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Client Alert December 5, 2024

Navigating the Impact of Potential UK Secondary Sanctions on Chinese Companies

  • The UK continues to use sanctions as an aggressive political strategy to attack adversarial governments and their perceived allies. 
  • While Russian entities have borne the focus of these efforts in recent years, the potential use of secondary sanctions—targeting those with connections to sanctioned countries or individuals—could be on the horizon.
  • This development may significantly impact Chinese businesses and citizens engaged in trade or holding interests in the UK.

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Client Alert November 27, 2024

Ultra-High-Net-Worth Individuals Can Mitigate Reputational Risks Arising From Disinformation

  • Disinformation is the creation and proliferation of inaccurate information with the intent of causing harm, posing a significant threat to ultra-high-net-worth individuals as it is often designed to cause serious financial and reputational damage.
  • From disgruntled former business partners seeking retribution to political adversaries trying to influence governments against their targets, disinformation can cause a ripple effect of dire consequences.
  • Some tools can help mitigate risks and combat harmful narratives. 

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Publications November 21, 2024

Emily Beirne on Trusts and Foundations Regimes in the Middle East for Citywealth

Kobre & Kim’s Emily Beirne shared with Citywealth her perspectives on the recent surge of interest in trusts and foundations regimes in the Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC).

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