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Memo #4 - Goldman Sachs Deferred Prosecution Agreement
by Gunnar Larson 23 Feb '24

23 Feb '24

https://docs.google.com/document/d/1ajVVx6NGB9wd2GDXfLRftf0RVFpqjl8WWITvdNV… March 10, 2022 BY ELECTRONIC MAIL Mr. John Marzulli United States Department of Justice Eastern District of New York 271 Cadman Plaza East Brooklyn New York, 11201 John.Marzulli(a)usdoj.gov Re: Memo #4 - Goldman Sachs Deferred Prosecution Agreement Dear Mr. Marzulli: The Department of Justice has yet to respond to Memo #1, Memo #2 and Memo #3 with our recent inquiry to the 1Malaysia Development Berhad Deferred Agreement. Goldman Sachs' Deferred Prosecution Agreement <https://www.justice.gov/usao-edny/pr/goldman-sachs-resolves-foreign-bribery…> with the United States of America is in potential breach, with ethical enforcement being concerned. Memo #4 aims to associate the malfeasance in Malaysia with war crimes of aggression (in the planning, initiation, or execution of a large-scale and serious act of aggression), leveraging the world’s only military divided capital city Nicosia, Cyprus. 1. Additionally, Memo #4 aims to earn the DOJ’s assessment of New York State’s regulatory marketplace manipulation deriving the war crime against peace, related to the planning, preparation, initiation, waging or participation in a common plan or conspiracy related to a war of aggression, which can only apply in relation to international armed conflict. 2. In this case, the first challenge is to observe and consider the simple idea that the DOJ’s Deferred Prosecution Agreement with Goldman Sachs alone, through means of regulatory arbitrage naively fails to recognize the ‘cause and effect’ relationship at play at the inception of Memo #4’s assertion of war crimes. 3. Even with the best of intentions, perhaps unknowingly the DOJ may be amplifying the effect of potential war crimes by indirectly supplementing the root cause of the problem and financial model of the Deferred Agreement being self-policing. Mr. Marzulli, there has been an active United Nations peacekeeping mission in Cyprus since the 1964 Turkish military invasion and occupation of the northern third of Cyprus. Only Turkey recognises the Turkish Republic of Northern Cyprus, while there is broad recognition that the ongoing military presence constitutes occupation of territories that are under Turkish military control. - The graduate education behind Memo #4 is a product of the University of Nicosia’s (UNIC) main campus, located adjacent to the United Nations Buffer Zone that separates the invaded Turkish Republic of North Cyprus and the Republic of Cyprus, which joined the European Union in 2004. - Memo #4 is also a product of United Nations consultancy, based at its Manhattan headquarters, where (today, what is now xNY.io - Bank.org) was credited with increasing the breadth and accessibility of reference content from the world’s most important multinational organization. - Memo #4’s subject of war crimes has preeminent association with such projects as the Audio Visual Library of International Law. Over the following sections, Memo #4 will provide a detailed timeline that would constitute real concern of the war crime of aggression yielding the war crime against peace in active war conflict in the world’s only military divided capital, funded from Manhattan Island. The Bank of Cyprus and Illegal Short Selling Irregularities of Turkey’s Markets Mr. Marzulli, turn this matter as we will, and look at it from any side whatsoever, and it presents the appearance of a cross-border act of aggression. Goldman Sachs’ potential disrespect to the Deferred Agreement’s core values has cultivated new crimes that aim to manipulate cross-border war crime regulatory frameworks. - On April 02, 2021 the Financial Times reported that Turkey fined Goldman Sachs over alleged irregularities in short selling, just a week after foreign investors pulled $1.9B from the country’s stock and bond markets. Turkey’s Capital Markets Board said that Goldman Sachs was among 10 securities firms that had placed orders for short selling without proper notification, violating rules enacted previously that temporarily prohibited such transactions. - On April 20, 2021 the CyprusMail (Cyprus’ only English Language daily newspaper) reported Goldman Sachs International acted as Global Coordinators and Dealer Managers in a $330M bond issuance for the Bank of Cyprus. Given the active military conflict in Cyprus, Memo #4 notes that there is one place on the planet you are not supposed to do this sort of thing. Furthermore, the DOJ’s Deferred Agreement with Goldman Sachs may have been tainted with the potential war crime of aggression, risking international peace and the lives of United Nations peacekeepers, while jeopardizing the United States of America’s financial security. Concern of New York Prime Bank Instrument Fraud and Marketplace Manipulation The United States Department of the Treasury warns that Prime Bank Instrument Fraud schemes have attracted significant international attention, since individuals and organizations have lost billions of dollars worldwide. "Prime Bank Instrument Fraud" is the general term given to prime bank fraud schemes that go by many different names. During April 2021, Goldman Sachs could not in good faith (and, plausible deniability) make any reasonable claim of holding a pristine relationship with Turkey’s Central Bank or with Cyprus’ largest financial institutions, given the 1Malaysia Development Berhad scandal and then pending Deferred Prosecution Agreement with the United States of America. - Memo #4 suggests that Goldman Sachs developed a Prime Bank Instrument Fraud program to level out yo-yo market dynamics caused by failed marketplace manipulation exercises in Turkey and Cyprus. - Systematic bank fraud and/or marketplace manipulation of any kind between Turkey and Cyprus could constitute the war crime of aggression. - Furthermore, Memo #4 argues that Goldman Sachs may have tried to bambooze governments in New York, Cyprus and Turkey through regulatory arbitrage loopholes, while Goldman seemingly may have not considered the totality of such actions as war crimes. Turkey has the highest inflation in Europe. It has the second-highest rate of inflation among emerging markets, just behind Argentina. It has the 13th highest inflation rate in the world, ranking it between South Sudan and Nigeria. After Goldman Sachs was fined for illegal stock and bond market short selling by the Turkish government, logic would argue further malfeasance potentially could have been avoided by the DOJ’s 1Malaysia Development Berhad investigation. - On April 15, 2021 CNBC reported that Goldman Sachs (note, the previous section’s milestones of April 02, 2021 and April 20, 2021) crucially removed its bias toward Turkey tightening interest rates. Goldman issued guidance highlighting the fact that the bank thought that, “…the removal of the tightening bias against rising inflation expectations suggests that the TCMB (Turkish Central Bank) now has a more dovish reaction function.” - On August 14, 2021 the CyprusMail reported serious concern among economists about data reporting from the Turkish Statistical Institute. Ahmet Takan, a former official with the office of the Turkish prime minister, acted as a whistle blower, warning that Turkey potentially was manipulating inflation data. - On September 1, 2021 Reuters reported that Goldman Sachs hiked Turkish growth forecasts. Goldman economists issued guidance stating, "Overall, the Turkish economy has been able to grow faster than we thought without a deterioration in its external balances, as the pickup in foreign demand has been very supportive." - On November 30, 2021 Reuters reported that Goldman Sachs trimed Turkey’s 2022 growth forecast. Goldman Sachs' Murat Unur stated, "We think that the GDP figures released today tell us little about the pace of economic activity going forward as the recent sell-off in the Lira is likely to impact economic activity significantly" Mr. Marzulli, the DOJ’s Deferred Prosecution Agreement with Goldman Sachs was signed on October 21, 2021. The timeline of events above do not coincide with terms and conditions of the Deferred Agreement mandated by the United States of America. Furthermore, as an international graduate scholars of the world’s only military divided capital on the planet, xNY.io - Bank.org should be protected from any association of crimes against peace, related to the planning, preparation, initiation, waging or participation in a common plan or conspiracy related to a war of aggression, which can only apply in relation to international armed conflict. War Crimes Against Humanity Mr. Marzulli, xNY.io - Bank.org is concerned that potential breaches to the Deferred Agreement are impacting our global enterprise. Crimes against humanity can be committed in peacetime as well as during an armed conflict. Even a single act could fall under this exclusion ground provided it forms part of a widespread or systematic attack against a civilian population and the act is committed by any person (including a civilian) who had knowledge of the attack and the link of the act to the attack. 1. We are looking to learn more about the DOJ’s approach to assessing any potential breaches to the Deferred Agreement’s mandates as we determine New York State’s role in cross-border bank regulation and corresponding innovation beyond war crimes against humanity. 2. In order to establish whether a war crime or a crime against humanity has been committed, the case officer should consult the relevant international instruments and case law. 3. Crimes against humanity are fundamentally inhumane acts, committed as part of a systematic or widespread attack. Inhumane acts, which could reach this threshold when committed pursuant to or in furtherance of a State or organizational policy (potentially, New York State bank regulation). 4. Persecution against any identifiable group or collectivity on political, racial, national, ethnic, cultural, religious, gender, or other grounds that are universally recognised as impermissible under international law. 5. Furthermore, we have made 28 highlights to the Deferred Agreement providing supporting reference to Memo #4’s overarching premise. xNY.io - Bank.org submits Memo #4 for DOJ consideration of other inhumane acts of a similar character intentionally causing great suffering, or serious injury to body or to mental or physical health. Some crimes against humanity would require an additional specific intent, such as Goldman Sachs willfully disrespecting New York State and/or overall peace and security of the United States of America. Memo #1, Memo #2, Memo #3 and Memo #4 outline instances that correspond with the associated definitions of the potential war crimes abroad and jeopardize the future of bank innovation from New York, at great sacrifice to the Homeland. We hope to learn the DOJ’s approach to comment on Memo #4’s subject matter or, without delay refer these concerns to the International Criminal Court and/or International Court of Justice for comment. Respectfully yours with anticipation, Gunnar Larson - xNY.io <http://www.xny.io> | Bank.org <http://bank.org>MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107

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FBI, I Do Not Give A Hoot - One of the World's Best Videos
by Gunnar Larson 23 Feb '24

23 Feb '24

FBI, I Do Not Give A Hoot - One of the World's Best Videos https://www.instagram.com/reel/C20IwLIN629/?igsh=NTRnNTExcmZwbG11 Gunnar

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The FBI and Freedom Video
by Gunnar Larson 23 Feb '24

23 Feb '24

The FBI and Freedom Video: https://www.instagram.com/reel/C0mX32GtKWW/?igsh=enI5MHIxd3d3aDlr

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Memo #4 - Goldman Sachs Deferred Prosecution Agreement
by Gunnar Larson 23 Feb '24

23 Feb '24

https://docs.google.com/document/d/1ajVVx6NGB9wd2GDXfLRftf0RVFpqjl8WWITvdNV… March 10, 2022 BY ELECTRONIC MAIL Mr. John Marzulli United States Department of Justice Eastern District of New York 271 Cadman Plaza East Brooklyn New York, 11201 John.Marzulli(a)usdoj.gov Re: Memo #4 - Goldman Sachs Deferred Prosecution Agreement Dear Mr. Marzulli: The Department of Justice has yet to respond to Memo #1, Memo #2 and Memo #3 with our recent inquiry to the 1Malaysia Development Berhad Deferred Agreement. Goldman Sachs' Deferred Prosecution Agreement <https://www.justice.gov/usao-edny/pr/goldman-sachs-resolves-foreign-bribery…> with the United States of America is in potential breach, with ethical enforcement being concerned. Memo #4 aims to associate the malfeasance in Malaysia with war crimes of aggression (in the planning, initiation, or execution of a large-scale and serious act of aggression), leveraging the world’s only military divided capital city Nicosia, Cyprus. 1. Additionally, Memo #4 aims to earn the DOJ’s assessment of New York State’s regulatory marketplace manipulation deriving the war crime against peace, related to the planning, preparation, initiation, waging or participation in a common plan or conspiracy related to a war of aggression, which can only apply in relation to international armed conflict. 2. In this case, the first challenge is to observe and consider the simple idea that the DOJ’s Deferred Prosecution Agreement with Goldman Sachs alone, through means of regulatory arbitrage naively fails to recognize the ‘cause and effect’ relationship at play at the inception of Memo #4’s assertion of war crimes. 3. Even with the best of intentions, perhaps unknowingly the DOJ may be amplifying the effect of potential war crimes by indirectly supplementing the root cause of the problem and financial model of the Deferred Agreement being self-policing. Mr. Marzulli, there has been an active United Nations peacekeeping mission in Cyprus since the 1964 Turkish military invasion and occupation of the northern third of Cyprus. Only Turkey recognises the Turkish Republic of Northern Cyprus, while there is broad recognition that the ongoing military presence constitutes occupation of territories that are under Turkish military control. - The graduate education behind Memo #4 is a product of the University of Nicosia’s (UNIC) main campus, located adjacent to the United Nations Buffer Zone that separates the invaded Turkish Republic of North Cyprus and the Republic of Cyprus, which joined the European Union in 2004. - Memo #4 is also a product of United Nations consultancy, based at its Manhattan headquarters, where (today, what is now xNY.io - Bank.org) was credited with increasing the breadth and accessibility of reference content from the world’s most important multinational organization. - Memo #4’s subject of war crimes has preeminent association with such projects as the Audio Visual Library of International Law. Over the following sections, Memo #4 will provide a detailed timeline that would constitute real concern of the war crime of aggression yielding the war crime against peace in active war conflict in the world’s only military divided capital, funded from Manhattan Island. The Bank of Cyprus and Illegal Short Selling Irregularities of Turkey’s Markets Mr. Marzulli, turn this matter as we will, and look at it from any side whatsoever, and it presents the appearance of a cross-border act of aggression. Goldman Sachs’ potential disrespect to the Deferred Agreement’s core values has cultivated new crimes that aim to manipulate cross-border war crime regulatory frameworks. - On April 02, 2021 the Financial Times reported that Turkey fined Goldman Sachs over alleged irregularities in short selling, just a week after foreign investors pulled $1.9B from the country’s stock and bond markets. Turkey’s Capital Markets Board said that Goldman Sachs was among 10 securities firms that had placed orders for short selling without proper notification, violating rules enacted previously that temporarily prohibited such transactions. - On April 20, 2021 the CyprusMail (Cyprus’ only English Language daily newspaper) reported Goldman Sachs International acted as Global Coordinators and Dealer Managers in a $330M bond issuance for the Bank of Cyprus. Given the active military conflict in Cyprus, Memo #4 notes that there is one place on the planet you are not supposed to do this sort of thing. Furthermore, the DOJ’s Deferred Agreement with Goldman Sachs may have been tainted with the potential war crime of aggression, risking international peace and the lives of United Nations peacekeepers, while jeopardizing the United States of America’s financial security. Concern of New York Prime Bank Instrument Fraud and Marketplace Manipulation The United States Department of the Treasury warns that Prime Bank Instrument Fraud schemes have attracted significant international attention, since individuals and organizations have lost billions of dollars worldwide. "Prime Bank Instrument Fraud" is the general term given to prime bank fraud schemes that go by many different names. During April 2021, Goldman Sachs could not in good faith (and, plausible deniability) make any reasonable claim of holding a pristine relationship with Turkey’s Central Bank or with Cyprus’ largest financial institutions, given the 1Malaysia Development Berhad scandal and then pending Deferred Prosecution Agreement with the United States of America. - Memo #4 suggests that Goldman Sachs developed a Prime Bank Instrument Fraud program to level out yo-yo market dynamics caused by failed marketplace manipulation exercises in Turkey and Cyprus. - Systematic bank fraud and/or marketplace manipulation of any kind between Turkey and Cyprus could constitute the war crime of aggression. - Furthermore, Memo #4 argues that Goldman Sachs may have tried to bambooze governments in New York, Cyprus and Turkey through regulatory arbitrage loopholes, while Goldman seemingly may have not considered the totality of such actions as war crimes. Turkey has the highest inflation in Europe. It has the second-highest rate of inflation among emerging markets, just behind Argentina. It has the 13th highest inflation rate in the world, ranking it between South Sudan and Nigeria. After Goldman Sachs was fined for illegal stock and bond market short selling by the Turkish government, logic would argue further malfeasance potentially could have been avoided by the DOJ’s 1Malaysia Development Berhad investigation. - On April 15, 2021 CNBC reported that Goldman Sachs (note, the previous section’s milestones of April 02, 2021 and April 20, 2021) crucially removed its bias toward Turkey tightening interest rates. Goldman issued guidance highlighting the fact that the bank thought that, “…the removal of the tightening bias against rising inflation expectations suggests that the TCMB (Turkish Central Bank) now has a more dovish reaction function.” - On August 14, 2021 the CyprusMail reported serious concern among economists about data reporting from the Turkish Statistical Institute. Ahmet Takan, a former official with the office of the Turkish prime minister, acted as a whistle blower, warning that Turkey potentially was manipulating inflation data. - On September 1, 2021 Reuters reported that Goldman Sachs hiked Turkish growth forecasts. Goldman economists issued guidance stating, "Overall, the Turkish economy has been able to grow faster than we thought without a deterioration in its external balances, as the pickup in foreign demand has been very supportive." - On November 30, 2021 Reuters reported that Goldman Sachs trimed Turkey’s 2022 growth forecast. Goldman Sachs' Murat Unur stated, "We think that the GDP figures released today tell us little about the pace of economic activity going forward as the recent sell-off in the Lira is likely to impact economic activity significantly" Mr. Marzulli, the DOJ’s Deferred Prosecution Agreement with Goldman Sachs was signed on October 21, 2021. The timeline of events above do not coincide with terms and conditions of the Deferred Agreement mandated by the United States of America. Furthermore, as an international graduate scholars of the world’s only military divided capital on the planet, xNY.io - Bank.org should be protected from any association of crimes against peace, related to the planning, preparation, initiation, waging or participation in a common plan or conspiracy related to a war of aggression, which can only apply in relation to international armed conflict. War Crimes Against Humanity Mr. Marzulli, xNY.io - Bank.org is concerned that potential breaches to the Deferred Agreement are impacting our global enterprise. Crimes against humanity can be committed in peacetime as well as during an armed conflict. Even a single act could fall under this exclusion ground provided it forms part of a widespread or systematic attack against a civilian population and the act is committed by any person (including a civilian) who had knowledge of the attack and the link of the act to the attack. 1. We are looking to learn more about the DOJ’s approach to assessing any potential breaches to the Deferred Agreement’s mandates as we determine New York State’s role in cross-border bank regulation and corresponding innovation beyond war crimes against humanity. 2. In order to establish whether a war crime or a crime against humanity has been committed, the case officer should consult the relevant international instruments and case law. 3. Crimes against humanity are fundamentally inhumane acts, committed as part of a systematic or widespread attack. Inhumane acts, which could reach this threshold when committed pursuant to or in furtherance of a State or organizational policy (potentially, New York State bank regulation). 4. Persecution against any identifiable group or collectivity on political, racial, national, ethnic, cultural, religious, gender, or other grounds that are universally recognised as impermissible under international law. 5. Furthermore, we have made 28 highlights to the Deferred Agreement providing supporting reference to Memo #4’s overarching premise. xNY.io - Bank.org submits Memo #4 for DOJ consideration of other inhumane acts of a similar character intentionally causing great suffering, or serious injury to body or to mental or physical health. Some crimes against humanity would require an additional specific intent, such as Goldman Sachs willfully disrespecting New York State and/or overall peace and security of the United States of America. Memo #1, Memo #2, Memo #3 and Memo #4 outline instances that correspond with the associated definitions of the potential war crimes abroad and jeopardize the future of bank innovation from New York, at great sacrifice to the Homeland. We hope to learn the DOJ’s approach to comment on Memo #4’s subject matter or, without delay refer these concerns to the International Criminal Court and/or International Court of Justice for comment. Respectfully yours with anticipation, Gunnar Larson - xNY.io <http://www.xny.io> | Bank.org <http://bank.org>MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107

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The Freedom Of Expression Versus The Right To Privacy - Considerations - Human Rights - Worldwide
by Gunnar Larson 23 Feb '24

23 Feb '24

FBI, yesterday in Chelsea the NYPD was at the door and I would not open it... I think this had to do with the Mayor Adams? Looking through the peep hole, there were several officers with the body cameras 📷 going. I filed a new NYPD FOIL for the new footage. What happened yesterday makes this article below one of my favorites. I think this explains yesterday probably better than anything. Gunnar --- https://www.mondaq.com/human-rights/1426622/the-freedom-of-expression-versu… Worldwide: The Freedom Of Expression Versus The Right To Privacy - Considerations 21 February 2024 As an essential attribute of democracy, freedom of expression is legitimised through a range of both national and international instruments. In the European Convention on Human Rights (hereinafter - the Convention) this concept was reinforced in Article 10. In the case of Handyside v. the United Kingdom, we observe the importance given by the European Court of Human Rights (ECHR) to this principle - "freedom of expression constitutes one of the essential foundations of a [democratic] society, one of the basic conditions for its progress and for the development of every man". In the same case, the European Court emphasised that freedom of expression is applicable not only to "information" or "ideas" that are favourably received or regarded as inoffensive or as a matter of indifference, but also to those that offend, shock or disturb; such are the demands of that pluralism, tolerance and broadmindedness without which there is no "democratic society". Freedom of expression is not an absolute right and, as the Court showed in Morice v. France, it is accompanied by exceptions that require a strict interpretation, and the need to restrict it must be convincingly established. Any interference with the applicant's right to freedom of expression needs to be conclusively and unequivocally motivated by the court, considering the principle of proportionality. In addition, it is necessary to argue that this interference is a necessary one in a democratic society. Thus, if in the exercise of the right to express one's opinion some unjustified insult is resorted to infringing the right to a good reputation, the court is called to take into account all aspects of the case, including analysing whether the main purpose of the value judgement was rather to raise public awareness of a matter of public interest, even if expressed in an exaggerated or provocative manner, rather than denigrate. We are in the presence of a violation of Article 10 of the Convention when the reasons invoked by the national courts cannot be considered relevant and sufficient to justify the interference with the right to freedom of expression of an applicant and when this interference is disproportionate in relation to the legitimate aim pursued. In the Marunić v. Croatia case, the European Court decided that there was a violation of Article 10 of the Convention, finding that the interference with the applicant's freedom of expression in the form of summary dismissal was not necessary in a democratic society to protect the reputation and rights of the society in question. In this case, the applicant, director of a municipal company providing services of public interest, was summarily dismissed following public statements in which she defended herself, statements made a week after the president of the company criticised her activity in an article of the press. The dismissal decision was motivated by the fact that her statements to the press harm the company's reputation. The applicant complained that her statements to the press were made only to refute the false accusations against her and that her dismissal violated her right to freedom of expression. The Court held that, although the obligation of loyalty, reserve and discretion normally prevents employees from publicly criticising the employers' activity, in the present case the essential element is the appearance in the press of the other member of the company's management and the public criticism of the activity of the applicant. Under these conditions, she could not remain silent and not defend her reputation in the same way. It would be regarded as stretching the duty of loyalty to request otherwise. The internal laws of the member-states may require the proof of the veracity of the statements made publicly, and this does not seem to contravene Article 10. On the contrary, such measures are intended to prevent gratuitous personal attacks, with unnecessarily hurtful comments, that is, without any valid justification. In the case of Axel Springer AG v. Germany, it was shown that the quality of public personality of the person whose reputation protection is weighed against the restriction of freedom of expression plays an important role. This being a sufficiently well-known actor, and the fact that he had been arrested in public and actively sought to come to the fore by revealing information about his private life in a series of interviews, meant that his legitimate belief that his private life will be effectively protected was limited. We observe a similar perspective in the case of Axel Springer AG v. Germany (no. 2), where the Court noted that the case concerned aspects of public interest and that the former chancellor, insofar as he had occupied one of the highest political positions of the Federal Republic of Germany, had a duty to show a much greater degree of tolerance than a private person. In the constant jurisprudence of the Strasbourg Court it is highlighted that the limits of acceptable criticism are greater towards a politician than towards a private person. Politicians unavoidably and knowingly expose themselves to the scrutiny of their every word and deed by the public and must therefore display a greater degree of tolerance for criticism. In the decision of Mladina D. D. In Ljubljana v. Slovenia, the Court likewise emphasised that the limits of acceptable criticism are greater in relation to a politician, particularly as he himself had made controversial public statements, than in relation to a private person. Both the context in which the editor's article was written (an intense political debate) and the style used (similar to the parliamentarian's provocative behaviour and comments) were not sufficiently taken into account by the national courts. Therefore, the article was not a gratuitous personal attack on the MP, but a reply to the MP's own public remarks. Consequently, it was concluded that the domestic courts had not struck a fair balance between the competing interests of protecting the reputation or rights of the parliamentarian and the publisher's right to freedom of expression. In Reznik v. Russia the applicant complained that his right to freedom of expression had been disproportionately restricted. The European Court ruled that it was indeed violated Article 10 of the Convention, finding that the applicant did not exceed the limits of acceptable criticism, that his statement was based on a sufficient factual basis and that the Moscow Court, which convicted him of libel, did not base its decision on an acceptable assessment of the relevant facts. In particular, the tribunal did not maintain any balance between the need to protect the petitioners' reputation and the public interest. Furthermore, although the applicant was ordered to pay only a small sum of money as compensation, the initiation of a libel suit against him was likely to have a chilling effect on his freedom of expression. The case of Rodriguez Ravelo v. Spain concerned language used by a lawyer in a written application that contained value judgments about a female judge and attributed reprehensible behaviour to her. The applicant complained about the conviction and the sentence imposed on the grounds that they represented a disproportionate interference with the exercise of his right to express himself freely in the context of his professional duties. The Court decided that Article 10 of the Convention was violated. Certainly, the applicant's conviction and sentence were provided for by law and the interference with the exercise of his right to freedom of expression had pursued the legitimate aim of protecting the judge's reputation and rights and maintaining the authority and impartiality of the judiciary. However, the Court found that the applicant's conviction could have a deterrent effect on lawyers called upon to defend their clients. The Spanish criminal courts therefore did not strike a fair balance between the need to maintain the authority of the judiciary and the need to protect freedom of expression. The punishment pronounced against the lawyer was therefore not proportionate to the legitimate aim pursued and was therefore not necessary in a democratic society. We observe that this sanction in the specific circumstances of the case were excessive. A case also worthy of attention is Morice v. France, in which the conviction of a lawyer, considering the observations presented in the press, for complicity in slander against investigating judges who had been recused from the judicial investigation regarding the death of a judge was targeted. The applicant argued that the conviction for complicity in defamation violated his right to freedom of expression under Article 10 of the Convention. It was not disputed in this case that the decision to convict the applicant constituted an interference with the exercise of his right to freedom of expression, as provided by law, to protect his reputation or the rights of others. The Court decided, however, that there was a violation of Article 10 of the Convention, noting that the conviction for complicity in slander pronounced against the applicant can be seen as a disproportionate interference with his right to freedom of expression and therefore was not necessary in a democratic society within the meaning of Article 10. At the same time, it should be noted that, considering his specific status and his position in the administration of justice, the Court considers that the lawyer cannot be assimilated to a journalist. Indeed, their respective places and missions in judicial debate are inherently different. The journalist must communicate, in compliance with his duties and responsibilities, information and ideas on all matters of general interest, including those relating to the administration of justice. In turn, the lawyer acts as an actor of the justice system, directly involved in its operation and in the defence of a party. Therefore, he cannot be assimilated to an external witness responsible to inform the public. Another important aspect to consider refers to the attestation of the existence of any element suggesting bad faith on the part of the person issuing public statements, as was shown in the judgement of Kanellopoulou v. Greece. At the same time, in this case the European Court established that the Greek courts did not place the applicant's statements in the specific context of the case, nor did they correctly consider the suffering felt by the applicant when she made the statements, in this case being the patient who endured the shortcomings of an operation conducted by a renown cosmetic surgeon. Therefore, we conclude that the consequences suffered by a person due to the actions of another plays a significant role when it comes to expressing their opinion publicly. Often there is an incidence between Article 10 (freedom of expression) with Article 8 (the right to respect for private and family life) of the Convention. In such situations, the incidence between these values must be balanced and analysed in relation to the concrete circumstances of the case, as well as the legitimate goal pursued by each of the parties, to avoid disproportionate sanctions. When we talk about the violation of Article 8 of the Convention, the consequences that may exist are discussed, such as: the stigmatization of an individual, which has a major impact on his honour and reputation and affects his private and family life; inability to continue working; being forced to leave his home or the community he belongs to, leading to his social exclusion; the suffering of extremely serious damages in terms of psychological and moral integrity, but also physical (aggression from other people, self-flagellation, suicide), etc. The gravity of such consequences must not be the subject of speculation, but a causal link between the statement and the effect will be proved in order to convince an impartial and independent court of the truth of such facts. In this sense the Petrenco v. Republic of Moldova case becomes relevant. At the time of the facts, the applicant was the president of the Association of Historians from the Republic of Moldova and a university professor. He complained that his reputation had been damaged because of the publication of claims in the official newspaper of the Moldovan government suggesting that he had collaborated with the KGB in his past. The European Court decided that Article 8 of the Convention was infringed, finding that the reasons invoked by the Moldovan courts to protect the right to freedom of expression of the newspaper and the author of the article in dispute were insufficient for the first against the right to respect the reputation of the applicant. The Court observed, in particular, that the article was published in the context of an animated debate of great public interest and that the applicant, who was a public figure, was obliged to tolerate greater public scrutiny and criticism than if he had been a private person. Therefore, the general tone of the article and the offensive language did not in themselves constitute a violation of the applicant's right to respect for his reputation. However, by suggesting that the applicant collaborated with the KGB as if it were an established fact, to the extent that it was mere speculation on the part of the author, the article overstepped the bounds of acceptable commentary in the context of a public interest debate. The courts are called upon to strike a fair balance between the relevant interests when two rights of equal importance, such as freedom of expression and respect for privacy, are brought before them, explaining at length and reasonably the reasons why one value takes precedence over the other in each individual case and subjecting the interference on any right to the test of proportionality. We believe that the right to verbalise observations or criticisms on a subject of general interest, even if in a harsh or even acidic manner, should not be restricted in a democratic society in the absence of relevant and absolutely justified reasons, especially if it is about value judgments, made in general terms and having a sufficient factual basis.

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The Role of ATE Insurance in the Post Office Scandal - Litigation Finance Journal
by Gunnar Larson 22 Feb '24

22 Feb '24

https://litigationfinancejournal.com/the-role-of-ate-insurance-in-the-post-… The Post Office scandal has brought the role of litigation funding in opening access to justice to the fore, with the media coverage generating fresh opportunities for funders to talk about their vital role in supporting victims of a miscarriage of justice. However, it is equally important to recognise the role that litigation insurance played in supporting the sub-postmasters legal campaign. In an article for Insurance Post, Alan Pratten, chair of M&A, litigation and tax insurance solutions at Gallagher, provides new insights into the use of after-the event (ATE) insurance in the postmasters litigation. Pratten goes into the nuances and challenges that were overcome as an insurance broker, working in tandem the postmasters legal team which was led by James Hartley, partner at Freeths. Pratten explains that the claimants’ legal teams had struggled to secure ATE initially, with one of the primary issues being that ‘many of the claimants, owing to the findings of the Horizon software, had criminal records, having been convicted of fraud, theft and false accounting.’ Insurers were therefore naturally averse to involving themselves with a case involving fraud, which was compounded by the fact that ‘the majority of existing ATE policies would have been nullified due to some claimants having previous convictions.’ Pratten goes on to detail how Gallagher worked with a panel of UK and US insurers to craft sufficient ATE insurance cover for the sub-postmasters, which involved ‘working with a panel of insurers and reinsurers and tailoring the policy wording in 85 different areas.’ He describes the case as setting ‘a new precedent for ATE in the industry’, and emphasised that the bespoke nature of this policy shows ‘that standardised policies are rarely the best fit and that clients need an insurance broker that understands, and can cater to, their unique circumstances.’

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Crypto Law Firm Invokes Coinbase Petition In SEC Challenge
by Gunnar Larson 22 Feb '24

22 Feb '24

Crypto Law Firm Invokes Coinbase Petition In SEC Challenge <https://www.law360.com/fintech/articles/1805115?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely Crypto-focused law firm Hodl Law PLLC told the Ninth Circuit on Wednesday that its standing to sue the U.S. Securities and Exchange Commission over its crypto policy is undeniable now that the agency has decided not to take up a rulemaking petition from crypto exchange Coinbase. Response attached | Read full article » <https://www.law360.com/fintech/articles/1805115?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1805115?nl_pk=d2b3e7ef-ab62-4a62-80…>

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How Trump's Hush Money Trial Helps Or Hurts Jack Smith
by Gunnar Larson 22 Feb '24

22 Feb '24

How Trump's Hush Money Trial Helps Or Hurts Jack Smith <https://www.law360.com/newyork/articles/1805348?nl_pk=ac5a3855-e47c-4403-be…> By Phillip Bantz Manhattan District Attorney Alvin Bragg's porn star hush money case against Donald Trump is set to be the first criminal trial of a former president in U.S. history, a development that carries potential risks and benefits for special counsel Jack Smith, especially as one expert characterized the New York case as "legally and factually weak." Read full article » <https://www.law360.com/newyork/articles/1805348?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1805348?nl_pk=ac5a3855-e47c-4403-be…>

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Justices Told NRA Speech Claim Would Thwart Regulation
by Gunnar Larson 22 Feb '24

22 Feb '24

Justices Told NRA Speech Claim Would Thwart Regulation <https://www.law360.com/newyork/articles/1805122?nl_pk=ac5a3855-e47c-4403-be…> By Ganesh Setty The ex-head of New York's financial regulator has told the U.S. Supreme Court her statements advising companies to consider their relationships with the National Rifle Association following the 2018 mass shooting in Parkland, Florida, didn't violate the First Amendment, rejecting the NRA's position that the statements were a "veiled threat." Brief attached | Read full article » <https://www.law360.com/newyork/articles/1805122?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1805122?nl_pk=ac5a3855-e47c-4403-be…>

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Bankman-Fried Gets New Attys After Waiving Crypto Conflict
by Gunnar Larson 22 Feb '24

22 Feb '24

Bankman-Fried Gets New Attys After Waiving Crypto Conflict <https://www.law360.com/newyork/articles/1805352?nl_pk=ac5a3855-e47c-4403-be…> By Pete Brush A Manhattan federal judge signed off Wednesday on Sam Bankman-Fried's choice of new counsel ahead of his fraud sentencing, despite the fact that the convicted FTX founder's new team represents an indicted ex-crypto CEO whose interests may conflict with his own. Read full article » <https://www.law360.com/newyork/articles/1805352?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1805352?nl_pk=ac5a3855-e47c-4403-be…>

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