Nicole Erb co-leads the international sanctions practice at White & Case LLP. She represents clients in civil and criminal government investigations, voluntary self-disclosures (VSDs), internal audits and investigations, compliance, licensing and other regulatory matters, as well as complex transnational litigation matters. Her clients comprise foreign states and their state-owned entities, international financial institutions and multinational corporations in the Americas, Europe, the Middle East, Russia, Africa and Asia.
Nicole routinely represents clients before the Department of the Treasury's Office of Foreign Assets Control (OFAC), the Department of Justice, and the Department of State. She advises clients on US sanctions relating to, among others, Crimea, Cuba, Iran, Nicaragua, North Korea, Russia, South Sudan, Sudan, Syria, and Venezuela. She also advises on matters involving OFAC's various sanctions lists, such as the Specially Designated Nationals and Blocked Persons List (SDN List) and the Sectoral Sanctions Identifications List (SSI List), including delisting applications and applications to unblock assets. Nicole also advises on US sanctions legislation including, among others, the Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA), the Countering America's Adversaries Through Sanctions Act (CAATSA), and the Global Magnitsky Act.
Clients benefit from Nicole's skill and experience in navigating complex, multijurisdictional disputes in federal and state courts at all levels. Her litigation matters typically involve questions under the Anti-Terrorism Act (ATA), the Foreign Sovereign Immunities Act (FSIA), the Alien Tort Statute (ATS), the Terrorism Risk Insurance Act (TRIA), the International Emergency Economic Powers Act (IEEPA), the Trading With the Enemy Act (TWEA), and the act of state and political question doctrines, as well as garnishee and interpleader actions involving OFAC sanctions and blocked assets.
Nicole is one of eight partners on the Firm's global Partnership Committee, a partner-elected governance body.
Representative international sanctions matters include:
Representation of sanctions target in connection with sanctions risks and litigation options.
Representation of Brazilian company in internal sanctions risk assessment.
Representation of Latin American financial institution in internal sanctions risk assessment.
Representation of Chinese company in internal sanctions audit and develop sanctions compliance policies and procedures.
Representation of Middle Eastern bank in internal sanctions and international money laundering audit, and implementation of enhanced sanctions and AML compliance policies and procedures.
Representation of US affiliate of Asian company in internal sanctions investigation.
Representation of a European corporation's non-EU subsidiary in an OFAC investigation and enforcement matter under Iran secondary sanctions.
Representation of shipping company in voluntary-self disclosure to OFAC.
Representation of a European private equity fund in an OFAC licensing matter under Ukraine-/Russia-related sanctions in connection with a proposed acquisition.
Representation of foreign sovereign in unblocking of foreign sovereign assets blocked pursuant to OFAC sanctions regulations.
Representation of companies in technology and Internet-based services sector in connection with internal investigations in support of voluntary self-disclosures to OFAC and BIS.
Representation of a major shipping company in the civil and criminal investigation of OFAC sanctions violations.
Providing ongoing US economic sanctions compliance and licensing advice to US, Latin American, European, Russian, Middle Eastern and Asian financial institutions, oil & gas companies, and multinational corporations.
Representative litigation matters include:
Ongoing defense of foreign sovereign in the US Supreme Court and multiple federal district courts and courts of appeals in multibillion-dollar US terrorism-related litigation under the FSIA.
Successful defense of foreign sovereign in multibillion-dollar US litigation. Negotiated a historic bilateral agreement with the United States resolving such litigation.
Successful defense of prominent Saudi bank alleged to have financially supported terrorism. Won pre-trial dismissal of over US$1 billion claim in the Southern District of New York. Won appeal in the Second Circuit and successfully opposed US Supreme Court review.
Successful defense of foreign financial institution in terrorism litigation. Won pre-trial dismissal for lack of personal jurisdiction.
Successful representation of a large Saudi travel agency on appeal and on remand in district court. The Fourth Circuit vacated the US$10 million judgment.
Successful defense of the Central Bank of Jordan in a federal action brought by a foreign banker. Prevailed on a pre-discovery motion to dismiss. Won appeal in the DC Circuit.
Successful defense of the Hashemite Kingdom of Jordan in a federal action brought by an Iraqi national alleging wrongful seizure of a bank. Prevailed in district court and in DC Circuit.
Successful defense of the Republic of Indonesia and its state-owned agencies and instrumentalities in federal district court and on appeal in actions involving fraudulent banking and securities transactions.
Successful defense of a Russian state-owned entity in US litigation seeking preliminary injunction and specific performance while the dispute was being arbitrated in Sweden. Won dismissal of the lawsuit.
Nicole has served as an invited speaker at numerous off-the-record sanctions-related events hosted by various think tanks and associations in Washington, DC and New York. Additional engagements include:
"Deep Dive into Venezuela Sanctions", May 2, 2019: ACI Flagship Conference on Economic Sanctions Enforcement and Compliance (Washington, DC)
"Late Breaking Panel on the Crisis in Venezuela," March 29, 2019: American Society of International Law’s 113th Annual Meeting (Washington, DC)
"A Changing World: Navigating Financial Sanctions in 2019", March 5, 2019: White & Case Seminar (with Justine Walker, Director, Sanctions Policy at UK Finance; Maya Lester QC, Brick Court Chambers; Joanna Dimmock, White & Case; and Sara Nordin, White & Case) (London)
"Regulatory and Enforcement Priorities: US and UK Sanctions Enforcement Landscape for the Coming Year," December 7, 2018, ACI 9th Annual New York Forum on Economic Sanctions (with Michael Dondarski, Assistant Director for Enforcement, Office of Foreign Assets Control, US Department of the Treasury and David McLean, Joint Deputy Head and Head of Enforcement and Engagement, Office of Financial Sanctions Implementation, HM Treasury) (New York)
"Workshop: US and EU Sectoral and Secondary Russia Sanctions", November 16, 2018, C5 7th Annual Conference on Economic Sanctions and Financial Crime (London)
"Focus on New Iran Secondary Sanctions and Enforcement", November 14, 2018, C5 7th Annual Conference on Economic Sanctions and Financial Crime, Discussion Leader (London)
"Venezuela: What Comes after Default?", October 25, 2018: Americas Society/Council of the Americas (New York)
"Sanctions and Export Control Considerations for Your Investment Strategy – A closer look at ZTE, Iran, Russia and North Korea", July 19, 2018: White & Case Taiwan Seminar: Cross-border Trends Relevant to Taiwanese Investors and Companies (Taipei)
"Interactive Licensing Scenarios Under US Sanctions", December 5, 2017: 8th Annual ACI Forum on Economic Sanctions (New York)
"Inside the ZTE Settlement", April 19, 2017: 10th Annual ACES Compliance Summit (Washington, DC)
"Global Considerations: Resolving Differences Between US, EU and Canadian Sanctions", December 1-2, 2015: ACI Economic Sanctions Bootcamp (New York)
"International Sanctions At A Glance", December 10, 2014: ICC-Russia (Moscow)
"Corporate Responsibility and the Alien Tort Statute: Perspectives and Alternatives", March 27, 2012: Symposium presented by the Georgetown Journal of International Law, the Center on Transnational Business and the Law, and the American Society of International Law (Washington, DC)
"Surge in Sanctions Enforcement Reflects Treasury Unit's Backlog," Bloomberg, Quoted (June 2019)
"Correspondent Risk: Financial Crimes and Correspondent Banking," JDSupra (May 2019)
"Review of Anti-Money Laundering and Sanctions Policy and Enforcement," Wolters Kluwer Banking & Financial Services Report (January 2019)
"Venezuela sanctions target gold and corruption," WorldECR (November 2018)
"Expert Analysis: Election Interference Sanctions Expand Compliance Risks," Law360 (September 2018)
"A Win for Sovereign Immunity," Law360 (May 2017)
"Reconciling US and EU Sanctions: Iran and Cuba," The Review of Securities & Commodities Regulation (May 2016)
"Kiobel's New Focus on Extraterritoriality Under the Alien Tort Statute," Georgetown Journal of International Law (2012)
Recommended Lawyer: The Legal 500 2019: International Trade
Recommended Lawyer: The Legal 500 2019: General Commercial Disputes
Benchmark 2008, Commercial Litigation