Forensic engagements that involve determining lost profits or other economic damages often require a “time series” of economic and market data. When the lost profits or other economic damages engagement involves comparing international companies, multi-country economic data, and international market data, the challenges in locating meaningful data become especially difficult. In this article, the authors share how a time series analysis was used in an engagement, resulting from a breach of a franchise in a European Union (EU) country. To perform the time series analysis, the authors needed to gather multi-country economic data to determine the alleged lost profits and/or…
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The EU is making increasingly positive noises that a Brexit deal is within reach. But don’t breathe easy just yet—there are still battles to come when Prime Minister Theresa May brings her deal back to Parliament. To read the full article in Bloomberg, click: Brexit Bulletin: A Deal, and Then the Drama.
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Donald Trump unilaterally pulled the U.S. out of the 2015 Iran nuclear deal earlier this year. European businesses that pull out of Iran because of U.S. sanctions may end up being sued by EU states. A European Commission spokeswoman told reporters in Brussels that EU firms are banned from following U.S. demands to cut business ties with Iran, unless specifically authorized to do so. To read the full article in euobserver, click: EU Firms in Iran Caught Between U.S. and Europe.
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In an article titled “Regulation ‘Pushing Up Financial Firms’ Costs” The Financial Times‘ chief regulation correspondent Brooke Masters reports that extraterritorial regulations, rules that affect businesses outside the country that enacts them, are pushing up costs and driving banks, insurers and asset managers away from particular markets, a survey of global financial firms has found. More than half the groups that participated in a survey that the Protiviti regulatory consultancy will unveil on Monday said they had decided not to enter – or had exited – specific countries because of concerns about their laws and regulations. Nearly that many,…
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Jack Nicholson Takes Over E.U. Finance FT’s Alphaville Blog reprises an ECB press conference last week: Reporter: What is your answer to German people and economists who want the return of the DM? Trichet: You want answers? Reporter: I think the Germans are entitled. Trichet: You want answers? (SHOUTING) Reporter: Germans want the truth! (SHOUTING) Trichet: *You can’t handle the truth!* (SHOUTING) [pauses]… Trichet: Son, we live in a world that has prices, and those prices have to be guarded by men with bonds. Who’s gonna do it? You? You, Sylvia Wadhwa? I have a greater responsibility than you could possibly fathom. You weep for…