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.
Two Moldovan oil and gas investors embroiled in a multinational legal battle attempting to squeeze a half-billion-dollar arbitration award out of Kazakhstan told the First Circuit on Friday that the country has jumped the gun by appealing a discovery request.
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.
Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.
I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.
Legal pundits continue to make predictions that newer entrants into the industry — NewLaw firms, the Big Four and alternative legal service providers — will progressively seize greater amounts of market share from traditional law firms. But the BigLaw response has been underwhelming at best, and a glimpse at the market forces puts its lack of urgency into perspective, says Craig Levinson, founder of Levity Partners.
The next several weeks may shed a great deal of light on how vulnerable Venezuela and its state-owned oil company PDVSA are to creditor collection efforts. Bondholders should also closely monitor developments in the U.S. bribery suit brought by the PDVSA U.S. Litigation Trust, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.
The International Association of Athletics Federations recently released new rules for "athletes with differences of sex development," and there is ample basis to attack them as unjustified measures that discriminate against women based on natural characteristics, says Sarah Hartley of Bryan Cave Leighton Paisner LLP.
There is a large pool of creditor claims against Venezuela and its state-owned oil company PDVSA that are not yet in litigation. Until recently, creditors had little incentive to litigate, but that may be changing for two reasons, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.
Despite the partiality some courts have shown to live video testimony, it provides no advantages — and several disadvantages — over the tried-and-true method of videotaped depositions, say attorneys with Skadden Arps Slate Meagher & Flom LLP.