The U.S. and HSBC Bank USA NA both told the Second Circuit to vacate a lower court’s decision to partially unseal a report into the bank's failures to combat money laundering, saying the document is irrelevant to any judicial function.
A proposed class of consumers told a Florida federal judge Friday that vitamin manufacturer NBTY Inc. deceptively labels its products as "Made in the U.S.A." even though they contain ingredients sourced from other countries.
The U.S. Department of Justice claims that more than $1 billion in assets were acquired with money stolen by corrupt Malaysian officials from a state-owned investment fund and that illicit funds were moved through a Shearman & Sterling LLP trust account.
A World Bank tribunal recently rejected Philip Morris' claims against Uruguay's tobacco regulations, an outcome that experts say is an encouraging affirmation of the importance of protecting states’ sovereign right to regulate, but is one that won’t necessarily bar future claims challenging regulation in the name of health and safety.
A looming exit from the European Union has opened the door for the United Kingdom to forge a reputation as an independent trading power for the first time in decades, experts say, but London has heavy lifting to do if it hopes to establish itself as major player untethered from a larger trading bloc.
The European Union must respect the terms of China’s World Trade Organization accession deal, the head of the global trade organization said Friday as the European Commission considers how to handle trade disputes with China.
United States Steel Corp. and a U.S. steel pipe maker asked the Federal Circuit Thursday to reverse a Court of International Trade ruling backing a Commerce Department decision to drop Saudi Arabia from a steel tubing dumping investigation.
The National Farmers Union and a food safety group on Thursday urged the Committee on Foreign Investment in the U.S. to block ChemChina's proposed $43 billion acquisition of Syngenta AG, saying the deal poses an "unacceptable national security risk."
The U.S. Department of Commerce issued an order Friday imposing anti-dumping duties on corrosion-resistant steel products from Italy, India, China, South Korea and Taiwan.
An Eighth Circuit panel on Friday upheld the dismissal of an investor suit accusing Wal-Mart Stores Inc. directors and officers of concealing bribery at its Mexican subsidiary, agreeing with a lower court that the investors should have sought a remedy through the board before filing suit.
The European Union Committee of the U.K.’s House of Lords issued a report Friday calling for the committee to have an oversight role in all stages of the Brexit negotiations.
The U.S. Department of Commerce issued final determinations on anti-dumping margins for cold-rolled steel from China, Japan, Russia and four other countries Thursday, setting the stage for duties that American steel mills say are greatly needed.
A Chinese copper tube importer won another reconsideration of its anti-dumping duty rate Wednesday as the Court of International Trade faulted the U.S. Department of Commerce for failing to factor evidence from the company in its calculations.
JPMorgan Chase & Co. is closing in on a deal to pay $200 million to settle civil and criminal investigations into the firm's hiring practices in Asia, which include hiring scions of Chinese power brokers, according to a published report.
The Tax Court of Canada has ruled Canadian law does not justify a tax on a U.S. company’s refund of U.S. customs duties paid on Canadian lumber, according to a decision released Wednesday.
A dual U.S.-Russian citizen who pled guilty to secretly exporting more than $50 million worth of microelectronics to Russia's military and intelligence agencies was sentenced Thursday to 10 years in prison and ordered to forfeit $500,000 in criminal proceeds, according to the U.S. Department of Justice.
Disputes over countervailing duties on Chinese-made solar panels continued Wednesday as both a collection of Chinese companies and the U.S. company that had called for the duties in the first place filed complaints with the U.S. Court of International Trade challenging the Commerce Department’s latest rate redetermination.
In Law360’s latest glimpse at the World Trade Organization’s Dispute Settlement Body, the members mobilize to resolve their issues regarding the Appellate Body vacancy and bloated workload while cases centering on paper, solar panels and shrimp imports forge ahead.
The U.K.’s largest business group said Thursday that continued access to European markets and regulatory equivalence with the European Union should be top priorities in Brexit negotiations.
A fractured GOP this week named Donald Trump its presidential nominee after a tumultuous primary season that leaves legal experts in some of Trump's most talked-about fields — international trade, immigration and health care — skeptical of how many of his campaign positions are legal, politically possible or even practical solutions.
Brexit has presented increased opportunities for investment in the U.K. commercial real estate market and while there is some uncertainty regarding value, lenders are still making funds available for real estate acquisitions and development, says Michael Speranza at Katten Muchin Rosenman UK LLP.
The recent creation of the National Jones Act Division of Enforcement is particularly significant, especially for shippers of energy commodities, because of the exacting manner in which U.S. Customs and Border Protection interprets the law and the very large penalties Customs may impose for violations, say David McCullough and Shelley Wong at Sutherland Asbill & Brennan LLP.
The Privacy Shield — formally adopted last week — is more flexible, more convenient and less costly than other available data transfer mechanisms. Organizations that will derive the most benefit from the Privacy Shield are those that route the majority of their EU-originating personal data from the EU to the U.S., say Lisa Sotto, leader of Hunton & Williams LLP's privacy and cybersecurity practice, and Christopher Hydak.
Law firms today are recognizing that the process of creating a next-generation workplace is far more complex than relocating to a more modern space in a trendier part of town. The challenge is more significant for larger firms with multiple generations represented within their executive teams, says Tere Blanca, founder of Miami-based Blanca Commercial Real Estate Inc.
The U.S. recently challenged, for the third time, China's excessive use of export duties. But if history is any indication, China will delay compliance and continue to distort global trade patterns. It is high time for the U.S. to rethink its bilateral trade relations with China and its trade policy in general, says Terence Stewart, managing partner of the Law Offices of Stewart and Stewart.
The United States and India continue to seek ways to create deeper ties, primarily through trade, defense and clean energy initiatives — and, given larger geopolitical trends, it appears the relationship is blossoming, presenting opportunities for businesses that are engaged in overseas trade, say Betre Gizaw and Michael Taylor at King & Spalding LLP.
With an estimated 80 percent of the world’s illicit money flow stemming from trade-related activities, anti-money laundering regulators and prosecutors are progressively turning their enforcement focus to trade-based money laundering, and scrutinizing financial institutions’ trade-finance compliance programs for potential violations of the Bank Secrecy Act, say William Sullivan Jr. and Fabio Leonardi of Pillsbury Winthrop Shaw Pittman LLP.
Two recent decisions from the D.C. Circuit upholding the Federal Energy Regulatory Commission’s treatment of indirect and cumulative effects of greenhouse gas emissions under the National Environmental Policy Act are important because they provide a further delineation for when so-called upstream and downstream effects should be excluded from analysis as indirect or cumulative impacts in NEPA reviews, say attorneys at Sidley Austin LLP.
Until the end of the negotiation period that will follow the Brexit vote, EU laws will continue to apply in the U.K., and intellectual property owners will likely experience no change in their rights in the U.K. until at least 2018, say Peter Pappas and Karissa Blyth of Sutherland Asbill & Brennan LLP.
Winding down a law firm is at best stressful, at worst excruciatingly painful, and often carried out as if it were an emergency, rendering the process even more difficult. There are certain common steps that should be on the firm's radar from the moment the decision to dissolve is made, says Janis Meyer, a partner with Hinshaw & Culbertson LLP who helped oversee Dewey & LeBoeuf's 2012 bankruptcy filing and the subsequent wind-down of the firm.