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International Trade
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March 25, 2024
Bank Says Immunity In Terrorism Suit Not Issue For Justices
A Lebanese bank has urged the U.S. Supreme Court not to review a Second Circuit ruling that it could have sovereign immunity over terrorism victims' claims that it funded Hezbollah, saying the appeals court had not offered a final ruling appropriate for review.
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March 25, 2024
Catching Up With Delaware's Chancery Court
Last week in Delaware's Court of Chancery, litigants battled as Truth Social went public, Carl Icahn and Tripadvisor hit a roadblock, and more shareholders wailed about "invasive" bylaws. Oil drilling and pharmaceutical mergers sparked new lawsuits, and a sewing machine trademark owner sued to end a contract.
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March 25, 2024
FTX Clawbacks Unlikely To Help Bankman-Fried At Sentencing
FTX founder Sam Bankman-Fried probably won't find much success in arguing for a shorter prison term based on the billions of dollars recovered by the shuttered crypto exchange's bankruptcy estate, experts told Law360 ahead of this week's much-anticipated sentencing hearing.
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March 25, 2024
Justices Won't Review 11th Circ. $285M Arbitrator Bias Suit
The U.S. Supreme Court on Monday declined to review an Eleventh Circuit decision refusing to vacate $285 million in arbitral awards issued to the operator of the Panama Canal, a case that the petitioners said raised questions about the standard by which courts may nix awards over an arbitrator's "evident partiality."
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March 22, 2024
Success Unlikely For Menendez As Independent, Analyst Says
Although embattled Sen. Robert Menendez, under indictment on federal corruption charges, announced he will not run in New Jersey's Democratic primary but may seek reelection as an independent, the effort is likely to be fruitless, a Garden State political analyst said Friday.
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March 22, 2024
Businessman Indicted Over Hiding Of $20M In Swiss Accounts
A Brazilian-American businessman accused by the government in a criminal complaint of hiding $20 million from the Internal Revenue Service over 35 years by using Swiss bank accounts was indicted by a federal grand jury in Miami and charged with tax evasion, according to a Florida federal court.
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March 22, 2024
Trade Court Clears Feds' Voluntary Solar Cell Duty Reduction
The U.S. Court of International Trade has cleared the U.S. Department of Commerce's decision to voluntarily reduce countervailing duties on Chinese solar cells, accepting trade officials' new method of calculating importers' ocean freight costs.
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March 22, 2024
EU Pushes For Steep Tariffs On Russian And Belarusian Grain
The European Commission said Friday that it's working to constrain Russia's ability to fund its war against Ukraine by increasing tariffs on cereal, oil seed and grain product imports from Russia and its Union State partner, Belarus.
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March 22, 2024
Commerce Lifts Block On Transnational Subsidy Probes
The U.S. Department of Commerce erased a nearly 40-year-old regulation on Friday so it can impose countervailing duties on subsidies China provides its trade partners, despite opposition from foreign governments that the move would conflict with World Trade Organization obligations.
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March 22, 2024
DLA Piper Lands McMillan Hong Kong Office Leader
DLA Piper has hired for its cross-border capital markets practice an experienced attorney who formerly led McMillan LLP's Hong Kong office and was co-chair of the firm's China practice group.
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March 22, 2024
Oil Shipper Fails To Have UK Sanctions Temporarily Lifted
A Dubai-based oil shipping company failed in its attempt to have U.K. sanctions temporarily lifted after a London judge ruled Friday that the British foreign secretary has to review the decision to designate the company before the courts have jurisdiction to rule on its claim.
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March 21, 2024
GAO OKs Trade Compliance In Defense Container Deal
The U.S. Government Accountability Office backed the Defense Logistics Agency's reliance on a contractor's certification that containers it was tapped to ship would use South Korean materials, rejecting a protester's contention the agency should have suspected materials would instead come from China.
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March 21, 2024
UN Cautiously Optimistic For Trade 'Rebound' This Year
Global trade in both goods and services was up in the first quarter of 2024, the United Nations Conference on Trade and Development reported Thursday, forecasting a "rebound" this year after a difficult 2023.
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March 21, 2024
6th Circ. Skeptical Of Enbridge's Late Pipeline Suit Transfer
A Sixth Circuit panel questioned how Enbridge Energy LP could move a lawsuit seeking to shut down one of its pipelines to federal court more than two years after it was filed, pressing the company Thursday to justify missing the 30-day cutoff for removals.
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March 21, 2024
Ohio Biz Can't Revive Tariff On Brazilian Cold-Rolled Steel
An Ohio-based steel company wasn't able to unravel a U.S. International Trade Commission decision that freed Brazilian cold-rolled steel from tariffs, after the U.S. Court of International Trade ruled the commission hadn't erred while evaluating the effect of the imports on the domestic industry.
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March 21, 2024
Trade Court Says Glycine Duty Suits Are Too Different To Combine
The U.S. Court of International Trade refused to consolidate a Texas glycine producer's two challenges to the U.S. Department of Commerce's handling of separate scope ruling requests, saying the lawsuits weren't similar enough to hear at once.
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March 21, 2024
FERC Nominees Carefully Walk Climate Line In Senate Hearing
Federal Energy Regulatory Commission nominees on Thursday told a U.S. Senate panel that the agency isn't a climate change regulator, but they didn't close the door on FERC ever considering climate impacts in its decision making either.
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March 21, 2024
Sen. Menendez's Wife Keeps Attys After Feds Allege Conflict
Nadine Menendez, the wife of New Jersey's U.S. Sen. Robert Menendez, told a Manhattan federal judge Thursday that she will stick with her Schertler Onorato Mead & Sears LLP lawyers ahead of their corruption trial after prosecutors alleged an ethical conflict.
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March 20, 2024
Russian F1 Driver's EU Sanctions Over Oligarch Father Lifted
A Formula One racing driver and son of a Russian oligarch has won his fight to lift European Union sanctions, with a court ruling Wednesday there was insufficient evidence to prove that his business interests were benefiting from his fathers' wealth.
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March 20, 2024
Belarusian Tire Maker Wins EU Sanctions Challenge
The European Union unlawfully imposed sanctions on a state-owned Belarusian tire business because it failed to prove that the company was supporting the country's president, a European court ruled Wednesday.
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March 20, 2024
Health And Safety Top Risk For Directors, Global Survey Says
Health and safety is the top risk for directors and officers worldwide, according to a survey published Wednesday, in a "surprise" result partly attributed to the lingering impact of the COVID-19 pandemic on businesses and increasing mental health considerations.
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March 20, 2024
Ex-Russian Minister Fails To Renew Bid To Jail Deripaska
The Court of Appeal dismissed on Wednesday an attempt by Vladimir Chernukhin, a former Russian minister, to have his ex-business associate Oleg Deripaska jailed for contempt of court, finding that a judge had been entitled to conclude the case had not met the criminal standard of proof.
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March 20, 2024
Hemp Co. Wins Bid To Reverse 'Irrational' UK Gov't CBD Ban
A hemp company has won its bid in a London court for permission to challenge the U.K. government's decision to ban imports of its cannabis-derived products based on a trace of a controlled chemical.
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March 20, 2024
Boehringer Wins Diabetes Treatment Patent On Appeal In EU
Boehringer Ingelheim saved its diabetes drug patent from the chopping block after a European appellate board ruled that the treatment for patients with moderately damaged kidneys was new and innovative despite eight oppositions.
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March 20, 2024
How The Supreme Court Could Narrow Chevron
After hours of oral argument in a closely watched administrative law case, it appeared that some U.S. Supreme Court justices could be open to limiting the opportunities for lower courts to defer to federal agencies' legal interpretations in disputes over rulemaking — and legal experts said there are a number of ways they could do it.
Expert Analysis
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Why The US-Japan-South Korea Summit Is Monumental For AI
The recent trilateral summit shows that the U.S., Japan and South Korea are seemingly aligned on their approaches toward regulations governing artificial intelligence, though there are possible challenges to the creation of international standards, says California attorney Donna Etemadi.
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Dissecting The Proposed Foreign Extortion Prevention Act
If the Foreign Extortion Prevention Act — recently introduced in Congress seeking to fill a gap in the Foreign Corrupt Practices Act — becomes law, it will be music to the ears of many U.S. businesses that feel that they bear an unfair burden when it comes to foreign bribery enforcement, say attorneys at MoFo.
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Twitter Legal Fees Suit Offers Crash Course In Billing Ethics
X Corp.'s suit alleging that Wachtell grossly inflated its fees in the final days of Elon Musk’s Twitter acquisition provides a case study in how firms should protect their reputations by hewing to ethical billing practices and the high standards for professional conduct that govern attorney-client relationships, says Lourdes Fuentes at Karta Legal.
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EU Privacy Framework Bodes Well For US Life Sciences Cos.
U.S.-based life sciences companies could face data transfer challenges since they may be subject to the EU General Data Protection Regulation even without having an EU presence, but a recently approved EU-U.S. Data Privacy Framework may provide helpful protection at least for the near future, says Wim Nauwelaerts at Alston & Bird.
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Self-Disclosure Lessons From Exemplary Corp. Resolutions
With scant examples of corporate resolutions in the wake of U.S. Department of Justice self-disclosure policy changes last fall, companies may glean helpful insights from three recent declination letters, as well as other governmental self-reporting regimes, say Lindsey Collins and Kate Rumsey at Sheppard Mullin.
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Trade Preference Program Revival: Is The Past Prologue?
Attorneys at Squire Patton discuss what Congress' past reauthorizations of the Generalized System of Preferences reveal about the prospects for its revitalization in the current term, why this oldest of U.S. trade preference programs should be protected, and how importers can utilize its advantages in the meantime.
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The Benefits Of Preparing OFAC's Blocked Property Report
Companies preparing to submit an annual report of blocked property, due Sept. 30 to the Office of Foreign Assets Control, can use the process to reassess whether existing sanctions compliance measures are appropriate and make adjustments to address new risks, say attorneys at Davis Wright.
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ABA's Money-Laundering Resolution Is A Balancing Act
While the American Bar Association’s recently passed resolution recognizes a lawyer's duty to discontinue representation that could facilitate money laundering and other fraudulent activity, it preserves, at least for now, the delicate balance of judicial, state-based regulation of the legal profession and the sanctity of the attorney-client relationship, say attorneys at Ballard Spahr.
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Bid Protest Spotlight: Unfair Advantage, Buy American Waiver
In this month's bid protest roundup, James Tucker at MoFo offers takeaways on one decision that considers unfair proposal development advantages in the context of an employee's access to nonpublic information in a prior federal government position, and another decision that reconsiders a contract award based on an inadequately supported waiver of Buy American Act restrictions.
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Law Firm Professional Development Steps To Thrive In AI Era
As generative artificial intelligence tools rapidly evolve, professional development leaders are instrumental in preparing law firms for the paradigm shifts ahead, and should consider three strategies to help empower legal talent with the skills required to succeed in an increasingly complex technological landscape, say Steve Gluckman and Anusia Gillespie at SkillBurst Interactive.
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Industry Takeaways From OMB's Final Buy America Guidance
The Office of Management and Budget's recently released guidance on "Buy America" requirements for federal infrastructure projects provides clarity in certain areas but fails to address troublesome inconsistencies with state laws and international trade agreements, so manufacturers and suppliers will need to tread carefully as agencies implement the changes, say Amy Hoang and Sarah Barney at Seyfarth Shaw.
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Opinion
Russia Ruling Should Lead UK To Review Sanctions Policy
The High Court's recent dismissal of the first-ever court challenge to Russian sanctions in Shvidler v. Secretary of State sets a demanding standard for overturning designation decisions, highlighting the need for an independent review of the Russia sanctions regime, says Helen Taylor at Spotlight on Corruption.
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Understanding China's Crypto-Blockchain Dichotomy
Even as China restricts cryptocurrency use, its actions frequently support blockchain as a complementary technology to real economy sectors, which is why the blockchain-cryptocurrency distinction is core to understanding the country's relationship with these technologies, say attorneys at Cravath.
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The Self-Disclosure Calculus After Tri-Seal Compliance Note
With the recent note from three government agencies emphasizing the incentives for voluntarily self-disclosing potential violations of sanctions, export control and other national security laws, companies’ risk-based analyses of whether to disclose even minor, technical offenses may shift, say attorneys at Akin.
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The Basics Of Being A Knowledge Management Attorney
Excerpt from Practical Guidance
Michael Lehet at Ogletree Deakins discusses the role of knowledge management attorneys at law firms, the common tasks they perform and practical tips for lawyers who may be considering becoming one.