Deutsche Bank AG sued billionaire investor Alexander Vik in New York court on Thursday, to force him to make good on his obligation to pay a $300 million judgment a London court awarded the bank last month over unpaid margin calls made in violation of several verbal contracts.
The federal government on Wednesday asked the U.S. Supreme Court to hear a challenge to a hedge fund's bid to enforce subpoenas seeking information on Argentina's non-U.S. assets in order to collect on $1.5 billion in defaulted bonds, saying such discovery tramples on foreign states' sovereign immunity.
World Trade Organization members on Saturday reached a deal on measures meant to cut red tape at borders and boost trade and food security in developing countries, marking the first WTO-wide agreement in the organization’s nearly two decade history.
With an interim nuclear accord and the possibility of relaxed sanctions, Iranian officials are publicly courting the world's largest energy companies to help tap the country's vast oil and gas reserves, but experts say companies should keep their distance as long as core U.S. sanctions remain in place.
The U.S. Consumer Product Safety Commission said Friday it is issuing a final rule implementing safety standards for infant and toddler products including infant bath seats, toddler beds and full-size baby cribs.
The U.S. and 11 other World Trade Organization countries meeting this week in Bali, Indonesia, have reiterated a call to end subsidies that contribute to overfishing and deplete already-stressed fishery resources, the U.S. trade representative's office said Friday.
The Federal Circuit found Friday that certain Samsung International Inc. televisions imported to the U.S. from Mexico did not qualify for duty-free treatment under the North American Free Trade Agreement because they contained components made in South Korea.
The U.S. International Trade Commission issued an import ban Friday on products from Monsoon Multimedia Inc. and C2 Microsystems Inc. that it found to violate video "place shifting" patents held by Sling Media Inc., maker of the TV streaming device Slingbox.
The U.S. Export-Import Bank said Thursday that it's greenlighted a $640.7 million direct loan to the Turkish arm of the State Oil Co. of Azerbaijan Republic to finance the export of American-made oil refinery equipment that will be used to build a refinery on Turkey's western coast.
The U.S. International Trade Commission on Friday announced that it has commenced a pair of reviews aimed at determining whether the removal of remedial duties on Chinese tires and magnets would harm domestic producers of similar products.
Griffin Technology Inc. urged the Federal Circuit on Thursday to reverse a U.S. International Trade Commission decision finding its protective cases for several Apple Inc. devices infringed an Otter Products LLC patent, claiming the commission misconstrued a key patent term.
Cheniere Energy Inc. said Wednesday that a subsidiary has inked a two-decade deal to sell 800,000 tons of liquefied natural gas per year to Indonesia’s state-owned PT Pertamina, its first customer for an LNG export terminal being developed in Texas.
South Korea's interest in the Trans-Pacific Partnership should be leveraged by the U.S. as a chance to address potential currency manipulation by the Asian country, a trade group representing Chrysler Group LLC, Ford Motor Co. and General Motors Co. said Tuesday.
Australia and South Korea said Thursday they have reached a free trade agreement, a deal that would reduce steep tariffs on Australian agricultural exports and immediately cut tariffs on certain South Korean car exports.
Yemen has received approval to be a member of the World Trade Organization after talks in Bali, Indonesia, to finalize its accession plan more than a decade after the Middle Eastern nation first applied for membership in 2000, the WTO said Wednesday.
The U.S. Department of Commerce and the U.S. International Trade Commission do not have the right to start reviewing a November 2009 anti-dumping order on diamond saw blades and parts from China within five years after the order was set in place, a U.S. diamond saw blades producer trade group argued Wednesday.
The government of Canada announced Wednesday that it will tighten financial sanctions on North Korean trade and banking activity, following through on a resolution it helped to pass through the United Nations earlier this year.
Crowell & Moring LLP Wednesday welcomed the return of its former intellectual property partner Teresa Rea, who recently ended a three-year gig as deputy director of the U.S. Patent and Trademark Office to take on a new dual role involving IP and international trade work.
U.S. exports hit a record $192.7 billion in October, helping decrease the U.S. trade deficit in a month where imports still exceeded exports by roughly $40.6 billion, the U.S. Commerce Department said Wednesday.
A New York federal judge on Tuesday rejected Korean technology firm Simmtech Co. Ltd.’s motion to remand to state court its $73 million fraud suit accusing Citibank NA of duping Simmtech into investing in derivatives contracts to hedge against currency fluctuations by hiding risks.
The benefits of foreign revenues are clear, but international expansion also carries some significant risks. Companies that understand the complex anti-corruption and export control laws, especially where they intersect with one another, and plan ahead for compliance will position themselves for long-term success, say Scott Maberry and Mark Jensen of Sheppard Mullin Richter & Hampton LLP.
The U.S. Securities and Exchange Commission has generally not concerned itself with improper conduct involving embargoed countries. But the SEC’s complaint in the recent Weatherford International Ltd. case suggests that the agency takes the position that inaccurate accounting of transactions with embargoed countries can result in violations of the Exchange Act, say attorneys with Ropes & Gray LLP.
The European Commission’s recent proposal to establish a common definition of "trade secrets" and set of remedies in all 28 EU members states is likely to increase confidence that this element of intellectual property policy can be addressed effectively in the trade agreement currently in negotiation between the EU and U.S., say Jan-Diederik Lindemans and Mark Klapow of Crowell & Moring LLP.
The next few days of the Bali trade ministerial may very well determine whether the World Trade Organization can re-establish its relevance to the global trading system in addressing the rules of the evolving trading environment. Meanwhile, there has been an unfortunate erosion of transparency at the WTO, which is particularly problematic at this critical juncture, says Terence Stewart of the Law Offices of Stewart and Stewart.
While there are valid reasons to consider using an escrow service in certain international trade transactions, exporters should be aware of some of the risks involved. Most importantly, exporters must understand a few key differences between escrow services and letters of credit, says Jacob Manning of Dinsmore & Shohl LLP.
Because Latin American countries differ substantially from one another, there is no effective one-size-fits-all approach to anti-corruption compliance in the region. That said, companies doing business in the region should be aware of a number of recurring compliance concerns that may lead to an increased risk of violating the FCPA or other applicable anti-bribery laws, say attorneys with Debevoise & Plimpton LLP.
In many instances, the very businesses still facing time and budgetary constraints that hamper employee understanding of compliance must now add a new layer of comprehension in 2014. The stage is set for a banner enforcement year for regulatory bodies worldwide, says Veta Richardson, president and CEO of the Association of Corporate Counsel.
Two considerations stand out regarding the Iran nuclear agreement's effect on sanctions. First, the agreement does not provide detail about suspension of sanctions or even identify measures to be suspended. Second, agreement commitments to relax sanctions measures will only be effective if, when and to the extent that they are implemented in U.S. and EU law, say Harry Clark and Clark McFadden of Orrick Herrington & Sutcliffe LLP.
A consensus on both the methodology for calculating a fair, reasonable and nondiscriminatory royalty and the unavailability of injunctive relief to FRAND-obligated patent holders is emerging, at least in federal district court and at the U.S. International Trade Commission. The current trend may require FRAND-obligated patent holders to re-examine and temper their licensing demands, says Stan Lewis of Baker Botts LLP.
A new law in Mongolia dramatically alters the investment landscape in the country, eliminating the broad restrictions on private foreign investment in the minerals, communication and financial sectors that previously existed, removing the parliament from the approval process, and ending the distinction between foreign and domestic investors, says Stewart Diana of DLA Piper LLP.