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Jones Day Sets Sights on Brazil
Add Jones Day to the growing ranks of global law firms setting up shop in Sao Paulo to chase cross-border deal work. The firm announced Monday that Luis Riesgo, chair of the firm's Latin American practice, will relocate to Sao Paulo to open its Brazilian office. Riesgo said he and the two partners joining him have begun the process of becoming licensed as consultants in foreign law in Brazil. If all goes well, Riesgo anticipates the office being fully licensed by the middle of the first quarter of 2011.Getting a Grip on European Data Transfers
European data privacy laws prohibit the transfer of personal data to jurisdictions whose laws don't provide protection for personal data equivalent to that provided in Europe (the "adequacy requirement"). At present, only a limited number of jurisdictions have laws -- and the U.S. isn't among them -- that satisfy this requirement.Latham, Cleary Have Deep Ties to Deals at Heart of Argentine Oil Nationalization
In addition to provoking an international imbroglio, the Argentine government's controversial move to partially nationalize YPF, the local subsidiary of Spanish oil giant Repsol, prompted The Am Law Daily to revisit Latham & Watkins's relationship with Repsol and to take a look at Cleary Gottlieb Steen & Hamilton's Argentina connections.Creating a Culture of Compliance
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