A pair of top European Union officials on Monday said the 28-nation bloc remains open to sealing an association deal with Ukraine and criticized the Russian government for exerting pressure that prompted Ukraine to hold off on signing the pact last week.
Negotiations over Iran's nuclear program led to an initial pact announced on Saturday, in which the Middle Eastern nation agreed not to advance portions of its nuclear program and the U.S. and other countries agreed to provide limited relief from financial sanctions.
The European Union said Monday it would update its corporate tax system in an effort to close loopholes that have allowed businesses to avoid paying European taxes.
Seven experts have been appointed to study and recommend various methods for taxing the European Union's digital economy, the European Commission announced Monday, and the group includes SAP AG Co-CEO Jim Snabe, Oxford University Centre for Business Taxation Professor Michael Devereux and Ireland Consulate Mary Walsh.
The U.S. Court of International Trade on Friday granted a preliminary injunction barring the U.S. government from liquidating the entry of zinc anchors into the U.S. while an importer challenges a U.S. Department of Commerce ruling that the anchors are within the scope of a duty order on Chinese steel nails.
Howard & Howard Attorneys PLLC has nabbed a Vanderbilt University-trained tax lawyer and certified public accountant, who counts international law and commercial transactions among his specialties, to bolster the firm's business and tax practices, it said Thursday.
The U.S. Department of Commerce said Thursday that silica bricks imported from China have been sold in the U.S. at unfairly low prices.
Australia and China have laid the foundations to ink a free trade agreement in the "not-too-distant future" with the hope of reaching a deal within 12 months, Australia's trade and investment minister said Thursday.
Negotiations among dozens of World Trade Organization countries looking to reduce tariffs on information technology products were suspended Thursday, with the U.S., the European Union and several others pinning blame for the breakdown on China.
Ukraine said Thursday it will hold off on signing an association pact with the European Union, a move that follows pressure from Russia over the potential trade deal.
Firms should get rid of compensation systems that create internal competition and reward sharp elbows. For decades, we’ve had a system at Jones Day that rewards teamwork, and it’s one of the reasons why so many women are now in leadership positions, says Mary Ellen Powers, partner-in-charge of Jones Day's Europe/Middle East region.
The U.S. and Morocco on Thursday signed a deal to facilitate trade by streamlining and modernizing customs procedures, marking the first such agreement between the U.S. and a country in that region, the U.S. Trade Representative's office said.
A nominee for a top U.S. Department of Commerce post told a U.S. Senate panel Thursday he intends to help promote more exports from American small businesses and make sure government offices in the U.S. and abroad are working closely together to help attract foreign investment.
The European Union will impose anti-dumping duties on biodiesel imports from Argentina and Indonesia after an investigation revealed the countries have been dumping their products on the EU market, the European Commission said Thursday.
National Security Adviser Susan Rice said Wednesday that China and other countries will be welcome to join the Trans-Pacific Partnership in the future, so long as they commit to meeting the high standards that will be laid out in the now-proposed trade agreement.
The U.S. International Trade Commission voted on Wednesday to launch an investigation into whether Belgian auto parts maker Federal-Mogul SA and its Michigan subsidiary are flouting patents held by Trico Products Corp. by importing certain windshield wiper blades.
Although Turkey may be having doubts now about awarding a $3.44 billion missile defense contract to a Chinese company, its willingness to seriously engage with China casts doubt on American companies' plans to use military exports to soften the blow of defense cuts at home.
The most pressing regulatory concern for many of my clients is the uncertainty of corporate tax reform. There is a strong desire to change the system in the U.S., which is viewed by some as anti-competitive and by many — including myself — as extremely complicated, says Diana Doyle, chairwoman of the tax department at Latham & Watkins LLP.
The U.S. International Trade Commission found Tuesday that unfairly low-priced imports of grain-oriented electrical steel from China, Russia and five other countries in Asia and Europe may be harming U.S. steelmakers like AK Steel Corp. and Allegheny Ludlum LLC.
After a Tuesday meeting with President Barack Obama, a bipartisan group of U.S. senators has reportedly agreed to hold off on a vote to impose new sanctions on Iran while still pressuring negotiators in Geneva to deliver a strong pact in ongoing talks there.
U.S. authorities have made clear that a company cannot escape Foreign Corrupt Practices Act liability by simply turning a blind eye to the possibility that its business partners are engaging in corrupt activities. But the greater the franchisor’s involvement in the activities of its franchisees, the more likely it is that authorities will determine the franchisor had the requisite “knowledge” of improper conduct and corrupt intent, say Gregory Williams and Robert Smith of Wiley Rein LLP.
Relying on advances in technology that increase efficiency allowed firms during the past few years to reduce the ratio of lawyers to legal assistants from as low as 1-1 to as much as a 4-1. Now is not the time to stress about negative publicity that often results from staff layoffs. Your attention to your bottom line easily translates into an appropriate concern for your clients’ bottom lines, says Allan Colman of The Closers Group.
When is it safe to rely on the research of a junior associate? You may have seen this coming, but it is almost never entirely safe. The law is simply too riddled with dangerous twists and turns that are hard to spot. And these are not traps that can be avoided with common sense. Indeed, attorneys who follow what is normally considered the sensible path of trusting in their judgment of what is reasonable are apt to be betrayed by the law, says Andrew Jarzyna of Ulmer & Berne LLP.
As part of efforts to unify international procedural rules for patent applicants, the U.S. Patent and Trademark Office recently released new rules that affect several significant aspects of obtaining patent protection, particularly in reducing the requirements to receive an application filing date and the requirements to revive an abandoned application. This is good news for patent applicants when filing in the U.S., say attorneys with Bracewell & Giuliani LLP.
Money laundering in the context of the Foreign Corrupt Practices Act is under increased attention from prosecutors, and failure to abide by anti-money laundering compliance requirements can lead to significant enforcement actions against financial institutions, as illustrated in recent settlements by HSBC Bank and TD Bank, say attorneys with Debevoise & Plimpton LLP.
In light of the recent Diebold Inc. Foreign Corrupt Practices Act settlements, companies assessing the option of self-disclosure must consider the real possibility that doing so may not shield them from the increased costs and scrutiny associated with the retention of independent compliance monitors, say attorneys with Norton Rose Fulbright.
In contrast to sectors historically targeted by the U.S. Department of Justice and Securities and Exchange Commission, such as pharmaceuticals and energy, the financial services sector — and private equity firms in particular — have managed to avoid the Foreign Corrupt Practices Act limelight. But the landscape appears to be changing, say Amy Riella and Kristen Shepherd of Vinson & Elkins LLP.
The Federal Trade Commission’s recent settlement with EK Ekcessories over the company’s claims that its products were made in the U.S. highlights the agency’s continuing enforcement of its long-standing but often misunderstood policy on this sort of advertising, says Paul Laurenza of Dykema Gossett PLLC.
While reliance on outside counsel will continue, only 13 percent of companies recently surveyed indicated that increasing the use of outside counsel was of high importance in addressing increases in legal demand. The trend, more notably since the economic crisis of the late 2000s, has been on rigorous management of outside counsel costs — 95 percent of survey participants said they are taking measures to reduce outside counsel spending, says Lauren Chung of HBR Consulting LLC.
The European Union General Court's recent decision in Greenpeace and Pesticide Action Network v. European Commission raises new questions regarding information-disclosure requirements of a pesticide ingredient and may impact policy developments in the U.S. As political pressure mounts to increase disclosure, manufacturers and importers of pesticides should pay close attention, say attorneys with K&L Gates LLP.