The International Centre for Settlement of Investment Disputes on Friday proposed sweeping revisions to its rules, unveiling possible changes to address hot button issues like transparency and third-party funding while looking to streamline and modernize much of the arbitral process and expand other dispute resolution offerings.
The Chinese government teed up a new round of tariffs targeting $60 billion worth of U.S. goods Friday, ramping up its retaliation against President Donald Trump’s own sweeping tariff regime aimed at countering Beijing’s intellectual property and technology acquisition rules.
The governor of the Bank of England said Friday that the “highly undesirable” possibility that Britain could crash out of the European Union without securing an agreement on the terms of its withdrawal has become “uncomfortably high.”
A Massachusetts federal judge on Thursday denied an American mining company owner’s motion to pause a suit brought by Oman accusing him of failing to pay any part of a $5.6 million international arbitration award issued against him.
Morocco has launched a probe to determine whether an upsurge of coated wood board imports are hurting its producers, according to a World Trade Organization filing.
An international arbitrator has sided with DP World after the government of Djibouti seized control of a deep-sea terminal that the major port operator had managed for more than a decade under a concession agreement with the East African nation, according to a Thursday statement.
Brazil's DLA Piper-affiliated firm Campos Mello Advogados has hired a partner with years of experience handling both domestic and international arbitration and litigation for a variety of clients.
A New York judge on Wednesday looked to preserve the value of bankrupt Ampal-American Israel Corp.’s stake in a more than $1 billion arbitral award stemming from a terminated natural gas deal with Egypt, telling the company's controlling shareholder he must notify the company's bankruptcy trustee before taking certain actions.
The London Stock Exchange Group said on Thursday that it is "executing contingency plans" for Brexit to ensure it can continue to function for markets and customers if the U.K. crashes out of Europe without agreeing a transition deal.
The Eleventh Circuit on Wednesday overturned an order requiring a Mexican cargo transporter to arbitrate its dispute with a Florida shipping company in Miami, ruling that while their contract was hardly a "model of clarity," the parties had in fact agreed to arbitrate disputes in London.
A Dutch company contracted by the Serbian government to run a publicly owned steel mill operator is seeking to confirm a $12.4 million arbitral award issued against the mill operator for alleged wrongful termination of the contract, according to a petition filed in D.C. federal court.
An international tribunal has trimmed a Canadian lender's claim against Mexico, now worth more than $74 million, over the allegedly unlawful cancellation of defaulted loans for certain real estate development projects, according to a decision released Tuesday.
A Florida federal judge ruled Wednesday that the owner of a beach hotel must arbitrate its claims that underwriters at Lloyd's of London wrongly refused to cover more than $2.7 million in damage sustained during Hurricane Irma, finding the arbitration clause in their contract prevails.
The European Commission must provide legal certainty about the transfer of personal data between the U.K. and the European Union ahead of Brexit, the European insurance industry has said.
An international tribunal has ruled by majority to reject the Indian government's $1.7 billion claim that offshore drilling partners BP PLC, Niko Resources Ltd. and Reliance Industries Ltd. siphoned gas from deposits they had no right to exploit, two of the companies said on Tuesday.
The European Commission on Monday shed light on the progress of free trade agreement negotiations with Australia and New Zealand that took place in early July, calling the first round of talks aimed at reducing trade barriers “constructive” in a published report that also outlined future topics.
The English Court of Appeal on Tuesday rejected petitions filed by Romania and two Swedish food industry investors looking to challenge its decision last week refusing to lift a stay of enforcement in England of the investors' arbitral award against the country of approximately £173 million, or $227 million, plus interest.
The owner of a luxury hotel in Morocco urged a Delaware federal court Monday not to toss its suit seeking to force investment firm Starwood Capital Group and an affiliate to pay a nearly $60 million arbitral award over an allegedly botched hotel management deal, saying the businesses had failed to show they are not liable under Delaware law.
A U.S. World Trade Organization case targeting China’s subsidies for rice, wheat and corn producers begun under the Obama administration and carried forward under President Donald Trump will be decided before the end of the year, the WTO said in a document circulated Monday.
Shipbuilding giant Huntington Ingalls Inc. urged a D.C. federal court not to nix its suit seeking to confirm a nearly $129 million award against Venezuela related to a contract to refurbish two warships, asserting that the country is wrong to say the court lacks jurisdiction.
Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.
Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.
The U.S. Supreme Court's holding in Animal Science v. Hebei that a U.S. court is not bound by a foreign government's interpretation of its own laws is likely to have a lasting impact on legal decision-makers across the globe as they make determinations about deference to foreign laws, including U.S. laws, say attorneys at Alston & Bird LLP.
I found that senior members of Congress didn’t have time to mentor younger members. Lawyers — though just as busy as members of Congress — cannot afford to follow this model, says former Rep. Charles Gonzalez, D-Texas, of Ogletree Deakins Nash Smoak & Stewart PC.
"Gateway" arbitration issues such as validity, enforceability and scope of an arbitration agreement may be delegated to an arbitrator if the agreement clearly and unmistakably indicates the parties’ intention to do so. But when one of the named arbitration parties is not a signatory of the agreement, two questions arise seemingly simultaneously, says Mintz Levin member Gilbert Samberg.
Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.
While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.
In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.