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Compliance Kitchen

US Sanctions on Russia, Putin and Nord Stream 2


This week the Compliance Kitchen is looking at sanctions levied on Russia because of its invasion of Ukraine. Today, the US Sanctions on Russia, Putin and Nord Stream 2.

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Greetings and Felicitations

Loren Steffy on the Energy Issues from the Russia Invasion

Welcome to the Greetings and Felicitations, a podcast where I explore topics which might not seem to be directly related to compliance but clearly influence our profession. In this episode, I visit with business journalist and long-time energy issue reporter Loren Steffy about what the Russia invasion of Ukraine means for the world energy scene. Highlights include:

·      Russia is the second largest oil exporter after Saudi Arabia.
·      Russia provides 40% of the energy for the EU.
·      60% of Russian GDP comes from energy production and sale.
·      What will be the response of US producers?
·      What will this mean for shale production?
·      Where does LNG fit into all this?
·      Can the US upgrade its energy infrastructure?
·      What about a US energy policy?
Resources
Loren Steffy in Forbes.com
30Point.com

Categories
Presidential Leadership Lessons for the Business Executive

Leadership Lessons from Grover Cleveland


Richard Lummis and I are back to continue our series of exploring leadership through the study of US Presidents. This episode begins a series on Gilded Age Presidents, now largely forgotten. In this episode, we take up Grover Cleveland, the only non-consecutive US President. Some of the highlights include:
Educational and Professional-background of Grover Cleveland
New York Politician including his term as Mayor of Buffalo and Governor of NY
Election Campaigns, including Rum, Romanism and Rebellion
Presidency including Reform (1st term); the Tariff (1st term); Military Policy (1st term); Labor unrest and Pullman Strike (2nd term) and Foreign affairs (2nd term)
Leadership Issues including
(1) Why tone at the top matters? A Public Office is a Public Trust;
(2) How Cleveland helped to return power to the Executive Branch;
(3) When is the ‘vision thing’ needed? and
(4) Servant Leadership- Officeholders are the agents of the people, not their masters.

Categories
Life with GDPR

The Case of the Smart TV

Jonathan Armstrong and Tom Fox return for another episode of Life with GDPR. In this episode, dissect the case of the Smart TV and considers its implications for de minimis cases brought under GDPR. Some of the issues we consider include:

1.     What were the underlying facts of the case?

2.     Was the case filed in the correct court (High Court)? If not, why not?

3.     What was the court’s ruling?

4.     What is the viability of a de minimums claim going forward?

5.     When dealing with data protection infringement compensation claims, look to cases from other jurisdictions.

6.     No matter how seemingly trivial, organizations should be prepared for them and manage them with care.

 Resources

Check out the Cordery Compliance, client alert on this topic, click here. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.

Categories
Daily Compliance News

March 3, 2022 the 1MDB Deal? Edition


In today’s edition of Daily Compliance News:
·      Did Trump Administration cut deal on 1MDB scandal? (Reuters)
·      Former Illinois House Speaker indicted over ComEd scandal.   (The Hill)
·      Oligarchs in US sanctions sights. (WaPo)
·      Will sanctions drive Russia into crypto? (NYT)