Shearman & Sterling hosted a seminar and drinks reception in Dubai on April 29 focused on the recent developments in U.S. terrorism financing liability for financial institutions. Partners Henry Weisburg (New York-International Arbitration) and Brian Polovoy (New York-Litigation) discussed the new terrorism laws in the U.S., how the law is being applied by courts in ongoing lawsuits arising out of the September 11 attacks and others, and how recent cases narrowing the jurisdiction of U.S. courts are balancing out the expanded reach of the new law.