BNP Deal Shines Spotlight on Law Firms' Sanctions Advice

, The Litigation Daily


The Justice Department's $8.9 billion settlement with BNP Paribas gave prosecutors a chance to argue that they're not afraid to get tough on big banks. But it also highlighted the roles of two large law firms that counseled BNP on transactions at the heart of the government's case, suggesting that the French Bank relied on questionable advice to justify violating U.S. sanctions regimes.

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Originally appeared in print as $8.9 Billion Settlement Highlights Firms' Advice to Banks on Sanctions

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