Tag Archives: Diaz Reus & Targ

Southern District of NY Federal Judge Finds Venezuelan Iron Ore Company to be an Agency or Instrumentality of Venezuela in $350 Million Mining Dispute, says Diaz Reus

MIAMI, Oct. 10, 2016 /PRNewswire/ — United States District Judge Andrew Carter of the Southern District of New York recently ruled that Venezuela’s iron ore company C.V.G. Ferrominera Orinoco, C.A. (FMO) is an “agency or instrumentality” of the Bolivarian Republic of Venezuela. The court’s determination could potentially derail a $350 million global arbitration and litigation assault on FMO brought by the Plaintiff, Commodities & Minerals Enterprise, Ltd. (CME), a British Virgin Islands company.

The ruling stems from a complaint initiated by CME earlier this year in which it sought and obtained an ex parte order of maritime attachment for hundreds of millions of dollars.

FMO’s attorneys, Diaz Reus partners Michael Diaz, Jr., Gary Davidson, and Brant Hadaway, moved to dismiss the Complaint and vacate the Order of Attachment, arguing that FMO is an “agency or instrumentality” of the Venezuelan government and, as such, is immune from pre-judgment attachment under the Foreign Sovereign Immunities Act (FSIA).

Judge Carter’s ruling means that FMO is presumptively immune from prejudgment attachment under the FSIA. The Court has set a mid-October deadline for CME to brief the Court to the extent it claims that an exception to the FSIA applies.

“We are pleased with the result that we achieved on behalf of FMO,” says Hadaway. Davidson explains, “We were always confident in our position that FMO was an agency of Venezuela, and we are gratified that Judge Carter has issued this decision now, as it has far-reaching implications not only in the case before him, but in the arbitrations pending in Switzerland, the UK, and the U.S.” Hadaway adds that “we will oppose any argument presented that an exception to the FSIA applies. FMO is one significant step closer to obtaining a dismissal of the proceeding in its entirety.”

Judge Carter’s ruling comes on the heels of another significant victory for FMO in the New York litigation. On August 25, 2016, Judge Carter denied CME’s petition for an anti-suit injunction seeking to enjoin FMO from proceeding with a declaratory action filed by FMO in Venezuela. Judge Carter noted that FMO’s FSIA jurisdictional challenge left it “doubtful the Court would have the necessary jurisdiction to issue an anti-suit injunction.” The Court determined that even if it had jurisdiction, it would be improper for the Court to issue the requested injunction, noting, among other things, that “principles of comity” warranted denial of CME’s motion.

About Diaz, Reus & Targ, LLP

Diaz Reus offers a global law practice centered around national and transnational parallel proceedings and transactions in sovereign, trade, commerce, finance, and fraud; civil litigation and arbitration; asset identification, location, tracing and recovery; white collar crime, regulatory, and criminal investigations and defense in matters of corruption, bribery, money laundering, FCPA, OFAC, SDNs, and the Bank Secrecy Act; and politically sensitive investigations including the recovery of U.S. immigration status and visas. www.diazreus.com.

Media Contacts:
Gary Davidson gdavidson@diazreus.com
Brant Hadaway bhadaway@diazreus.com
305-375-9220

محامون متمرسان من إدارة مكافحة المخدرات ووزارة العدل ينضمان إلى شركة محاماة دياز روز

ميامي، 8 تشرين الأول، 2016 / بي آر نيوزواير / — أعلنت شركة دياز روز للمحاماة التي تتخذ من ميامي مقرا لها اليوم أن مستشارة القسم القانونية السابقة في قسم ميامي الميداني التابع لإدارة مكافحة المخدرات الأميركية، باتريشيا أل دياز، Patricia L. Diaz والمدعي العام الفدرالي السابق لوزارة العدل الأميركية، القسم الجنائي، قسم التزوير والاحتيال، ريتشارد أن ويلدز Richard N. Wiedis، قد انضما إلى الشركة كشريكين في قسم المقاضاة والتحكيم والوساطة وممارسات الدفاع الجنائي لذوي الياقات البيضاء الدولية فيها. وتعتبر إضافة دياز وويلدز استمرارا لتوسع الشركة الدولي على مدى الـ 12 شهرا الماضية، إذ أنهما ينضمان إلى موظفين جدد موهوبين ومهرة مثل علي عويص (دبي)، غيل إي هانلون (دبي)، لويس في مارتينيز (ميامي)، رولاند أم بوتس (ميامي)، خافير رويز (المكسيك) وكتريل سواريز (ميامي وكوبا).

ويقول مايكل دياز جونيور، Michael Diaz, Jr., Global Managing Partner، الشريك الإداري العالمي في الشركة: “نحن محظوظون حقا لجذب هذه المواهب الرفيعة المستوى في مجالات رئيسية تعتبر مهمة لعملائنا. فباتريشيا لديها سجل نجاح هائل في مسائل التحقيق والتقاضي وهي مؤهلة تأهيلا عاليا لتوجيه العملاء عبر التحقيقات الجنائية والملاحقات القضائية  والمفاوضات الحساسة. وريتشارد يغطي مجالات متعددة من ممارستنا القانونية، إذ هو يمثل مستشارا قانونيا خارجيا، مستشارا قانونيا داخليا، وتجربة في العمل القانوني الحكومي، معا. وعمله في وزارة العدل ولدى شركة تكنولوجيا تتداول أسهمها بصورة عامة سيكون قيما للغاية لعملائنا في قضايا التقاضي والتحقيقات والامتثال التنظيمي العالية المخاطر.”

وعملت دياز لست سنوات كمستشارة قسم في قسم ميامي الميداني في إدارة لمكافحة المخدرات إذ كانت مسؤولة عن ولاية فلوريدا وجزر البهاما وأمضت 21 عاما كمساعدة للمدعي العام الفدرالي للولايات المتحدة للمنطقة الجنوبية من ولاية فلوريدا، إذ أشرفت على مقاضاة مئات القضايا في غسل الأموال الدولية، وحازت على جوائز الإنجاز المتميز وجائزة الخدمة الجليلة من وزارة العدل، إدارة مكافحة المخدرات ومكتب التحقيقات الفدرالي، ووزارة الصحة والخدمات الإنسانية، ووكالات أميركية أخرى. وكمدعية عامة فدرالية، عينت دياز في فريق العمل بمنطقة تجارة مخدرات عالية الكثافة، وهو فريق عمل متخصص للتحقيق والملاحقة القضائية لمنظمات غسل الأموال الدولية الرفيعة المستوى.

وكعضو في نقابة محامي فلوريدا منذ العام 1988، ستتركز ممارسة دياز القانونية على الدفاع عن المتهمين في القضايا الجنائية من ذوي الياقات البيضاء، والتحقيقات الداخلية للشركات، والتقاضي المدني العام، والمصادرة المدنية والجنائية، وغسل الأموال، قضايا التأثير الاحتيالي والفساد، وتسوية المنازعات. حصلت دياز على درجة القانون، بامتياز، من كلية الحقوق بجامعة ميامي، في ميامي، فلوريدا.

خدم ويلدز لمدة 15  عاما كمدع عام فدرالي في وزارة العدل الأميركية، الشعبة الجنائية، قسم التزوير والاحتيال، حيث أدت أعمال التحقيق والمحاكمة التي قام بها إلى إدانات في قضايا بارزة انطوت على احتيال مصرفي واحتيال في الأوراق المالية والمحاسبة، وغيرها من جرائم أصحاب الياقات البيضاء. وقد فاز بالعديد من جوائز الإنجاز المتميز والخدمة الجليلة وخطابات الثناء من وزارة العدل ومكتب التحقيقات الفدرالي. وقبل انضمامه إلى دياز روز، شغل منصب نائب الرئيس التنفيذي لإدارة المخاطر والموارد البشرية ومساعد المستشار العام في شركة مايكرو ستراتيجي، وهي شركة متعددة الجنسيات لبرمجيات المعلومات التجارية تبلغ قيمة أعمالها 2 مليار دولار، حيث أشرف على محفظة التقاضي للشركة وصمم ونشر نظام إدارة ونظام امتثال شاملا للشركة و 23 من فروعها الدولية.

وكعضو في نقابة المحامين في نيويورك وواشنطن العاصمة، سيركز ويلدز نشاطه في مجال الدفاع عن ذوي الياقات البيضاء في القضايا الجنائية والتحقيقات الداخلية للشركات، وقانون الممارسات الأجنبية الفاسدة، والتقاضي المدني العام، استشارات المحاكمة، المصادرات المدنية، وغسل الأموال، والتأثير الفاسد والوساطة والتحكيم، والامتثال وتقديم المشورة لإدارة المخاطر. حصل ويلدز على دكتوراه في القانون بامتياز من كلية القانون في جامعة جورجتاون، واشنطن العاصمة.

نبذة عن شركة محاماة دياز روز أند تارغ، أل أل بي
إذ تعمل في خمس قارات، عبر 17 مكتبا في مراكز أعمال رئيسية، شركة محاماة دياز روز تقدم ممارسة قانونية عالمية متركزة على الإجراءات القانونية الوطنية والعابرة للحدود في المجالات العامة التالية: القضايا السيادية، التجارة، المال، والاحتيال، المقاضاة المدنية والتحكيم، تحديد الأصول، المواقع، التتبع والاستعادة، جرائم ذوي الياقات البيضاء، التحقيقات التنظيمية والجنائية والدفاع في قضايا الفساد والرشوة وغسل الأموال، وقانون مكافحة الممارسات الأجنبية الفاسدة، ومكتب مراقبة الأصول الأجنبية، والمواطنين الأجانب المدرجين في قوائم مراقبة خاصة، وقانون السرية المصرفية، والتحقيقات الحساسة سياسيا بما في ذلك استعادة أوضاع الهجرة والتأشيرات الاميركية. يقع المقر الرئيسي للشركة في ميامي، www.diazreus.com.

Veteran Counsels for DEA and DOJ Join Diaz Reus

MIAMI, Oct. 7, 2016 /PRNewswire/ — Miami-based law firm Diaz Reus announced today that former Division Counsel for the Miami Field Division of the U.S. Drug Enforcement Administration, Patricia L. Diaz, and former Federal Prosecutor for the U.S. Department of Justice, Criminal Division, Fraud Section, Richard N. Wiedis, have joined the firm as partners in the firm’s international litigation, arbitration, and mediation and white collar criminal defense practices. The addition of Diaz and Wiedis continues the firm’s international expansion over the past 12 months as they join other impressive and talented lateral hires, including Ali Awais (Dubai), Gayle E. Hanlon (Dubai), Louis V. Martinez (Miami), Roland M. Potts (Miami), Javier Ruiz (Mexico), and Karel Suarez (Miami and Cuba).

“We are truly fortunate to attract such top level talent in key areas that are important to our clients,” says Michael Diaz, Jr., Global Managing Partner. “Patricia has an enormously successful track record in investigative and litigation matters and is highly qualified to guide clients through sensitive criminal investigations, prosecutions, and negotiations. Richard covers multiple areas of our practice, having outside counsel, in-house counsel, and government experience. His work at the DOJ and for a large, publicly traded technology corporation will be very valuable for our clients in high-stakes litigation, investigations, and regulatory compliance counsel.”

Diaz served six years as Division Counsel for the Miami Field Division of the Drug Enforcement Administration—covering the State of Florida and the Bahamas—and spent 21 years as an Assistant United States Attorney for the Southern District of Florida, prosecuting hundreds of complex, international money laundering cases and earning Special Achievement and Meritorious Service awards from the DOJ, DEA, FBI, HHS, and other U.S. agencies. As a Federal Prosecutor, Diaz was assigned to the High Intensity Drug Trafficking Area Task Force, a task force dedicated to the investigation and prosecution of high level international money laundering organizations.

A member of the Florida bar since 1988, her practice will be focused on white collar criminal defense, internal corporate investigations, general civil litigation, civil and criminal forfeiture, money laundering, RICO, and dispute resolution. Diaz received her J.D., magna cum laude, from the University of Miami School of Law, Miami, Florida.

Wiedis served 15 years as a Federal Prosecutor with the U.S. Department of Justice, Criminal Division, Fraud Section, where his investigatory and trial work led to convictions in high profile cases involving bank fraud, securities fraud, accounting fraud, and other white collar crimes. He holds multiple Special Achievement and Meritorious Service awards and letters of commendation from the DOJ and FBI. Prior to joining Diaz Reus, he served as Executive Vice President of Risk Management and Human Resources and Associate General Counsel at MicroStrategy, a $2 billion market cap, multinational business intelligence software company, where he oversaw the company’s litigation portfolio and designed and deployed a comprehensive risk management and corporate compliance regime for the company and its 23 international subsidiaries.

A member of the New York and District of Columbia bars, Wiedis will focus his practice on white collar criminal defense, internal corporate investigations, FCPA, general civil litigation, trial counsel, civil forfeiture, money laundering, RICO, mediation, arbitration, and compliance and risk management counseling. He received his J.D., cum laude, from Georgetown University School of Law, Washington, DC.

About Diaz, Reus & Targ, LLP
Operating on five continents, across 17 offices in key business centers, Diaz Reus offers a global practice centered around national and transnational parallel proceedings and transactions in the following broad areas: sovereign, trade, commerce, finance, and fraud; civil litigation and arbitration; asset identification, location, tracing and recovery; white collar crime, regulatory, and criminal investigations and defense in matters of corruption, bribery, money laundering, Foreign Corrupt Practices Act, OFAC, Specially Designated Nationals, and the Bank Secrecy Act; and politically sensitive investigations including the recovery of U.S. immigration status and visas. The firm is headquartered in Miami, Florida. www.diazreus.com.

Judge Upholds U.S. Automobile Dealers In Fraud And Conspiracy Lawsuit Against Indian Truck Manufacturer Mahindra

ATLANTA, March 7, 2013 /PRNewswire — A federal judge has upheld a lawsuit by U.S. automobile dealers accusing Indian truck manufacturer Mahindra & Mahindra, Ltd. and its U.S. counterpart of fraud, misrepresentation, and conspiracy.  The lawsuit alleges that Mahindra duped hundreds of U.S. auto dealers and walked away with more than $60 million in cash and trade secrets, according to attorney Michael Diaz, Jr., global managing partner of Miami-based Diaz Reus & Targ, the law firm that represented the U.S. automobile dealers.

“We look forward to the next phase of this litigation and bringing justice to hundreds of U.S. auto dealers across the country who were victimized by Mahindra’s fraudulent business practices,” said Diaz, who leads the plaintiffs’ legal team of Gary Davidson, Brant Hadaway, Carlos Gonzalez and Ahmand Johnson.

In his ruling yesterday, U.S. District Judge Thomas W. Thrash in Atlanta ruled against Mahindra’s motion to dismiss the plaintiffs’ lawsuit, allowing the dealers’ case to move forward. No date has been set for further court action.

“In a commercial fraud and conspiracy case, the plaintiff has to allege very specific conduct by the defendant,” said Hadaway. “In finding that our clients’ allegations against Mahindra are legally sufficient to continue the lawsuit, Judge Thrash has vindicated our clients’ decision to seek compensation for their losses.”

The mass tort lawsuit was filed in June, 2012 (#KH199170-3) against Mahindra & Mahindra, Ltd, and Mahindra USA, Inc. by dealerships in New Hampshire, Florida, California, New Jersey, and Washington. Dealers across the country paid initial dealership fees, undertook marketing on Mahindra’s behalf, built Mahindra showrooms, display platforms and showcases, and hired additional personnel – all at Mahindra’s urging according to the lawsuit.  Mahindra then began laying the groundwork to enter the U.S. market and build a nationwide dealer network in 2004.

In a high-profile move to court the U.S. dealers, Arun Jaura, a senior Mahindra executive, attended an Atlanta automotive show in 2007 where he repeatedly proclaimed, “I love America!” At that show, which was attended by about 400 U.S. dealers, Mahindra executives presented promotional videos that showcased its vehicles’ durability, purportedly showing them being driven on different terrains.  Jaura also provided a set time-line for introducing Mahindra’s four-door truck to the U.S. market at the end of 2008, and Mahindra’s two-door truck and SUV in the third quarter of 2009.

Mahindra’s pitch was highly successful.  Ultimately, it obtained $8.5 million in fees from the dealers, according to the lawsuit. Through a barrage of press releases, sales pitches, advertisements, and news articles orchestrated by Mahindra, Jaura’s comments were subsequently used to entice more U.S. dealers to agree to carry Mahindra’s vehicles.  Over the next two years, Mahindra continued to reassure the U.S. dealers that its certification process was on target, while in fact it was delaying submitting its documentation to regulators as a pretext for terminating its agreements. “Mahindra repeatedly failed to live up to its obligations,” Diaz added. “Now, we will continue to aggressively seek justice for our clients.”

About Diaz Reus

Diaz Reus represents dealmakers around the world with a focus on emerging markets. With experienced lawyers in the U.S., Latin America, Asia, Europe, and the Middle East, the firm is uniquely suited to handle a wide range of complex commercial, business, and financial transactions across international borders. Diaz Reus lawyers have experience in government relations, trade, compliance, customs, tax, and immigration matters, as well as internal and government investigations, complex litigation, and arbitration matters. Diaz Reus operates offices in Miami, Florida; Caracas, Venezuela; Shanghai, China; Dubai, U.A.E.; Iraq; Frankfurt, Germany; Bogota, Colombia; Panama City, Republic of Panama; Mexico City, Mexico; Buenos Aires, Argentina; Santiago, Chile; and an affiliate office in Sao Paulo, Brazil. For more information, visit www.diazreus.com or http://www.jdsupra.com/profile/diazreus.

For the law firm, Michael Diaz, mdiaz@diazrues.com, +1-305-375-9220