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Mark D. Bloom

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Mark Bloom is a Partner with the Restructuring and Insolvency Practice based in the Firm's Miami office. He has over 35 years of experience representing clients in a wide array of US and cross-border financial restructuring, reorganization and bankruptcy matters. In recent years he has focused the majority of his practice on complex cross-border insolvency cases and situations involving the application of Chapter 15 of the US Bankruptcy Code, the UNCITRAL Model Law on Cross-Border Insolvency, and the insolvency regimes of various jurisdictions.
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United States: Baker McKenzie victory at Supreme Court opens door to RICO claims by non-US plaintiffs

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Baker McKenzie’s recent victory in the United States Supreme Court in Yegiazarian v. Smagin, 143 S. Ct., 1900 (22 June 2023), opens the door for non-US plaintiffs to pursue RICO claims when seeking to enforce a judgment or assert claims against U.S . parties or assets. Although the plaintiff in this case was the holder of a foreign arbitration award, the Court’s holding suggests that any foreign plaintiff asserting a claim against or seeking to recover U.S. property will have legal standing to pursue civil claims under federal RICO statutes, and potentially recover treble damages and attorneys’ fees.