House Speaker Paul Ryan, R-Wis., on Thursday did not say whether a bilateral trade deal with Mexico will comply with Trade Promotion Authority and earn an easier route to passage, stressing that he needs more details about the North American Free Trade Agreement before making such a call.
A Costa Rican pineapple farm should have to pay a Monaco-based Del Monte unit's attorneys' fees for mounting a baseless and inadequate challenge against a more than $29.3 million arbitration award issued to the food production and distribution company, a Florida magistrate judge concluded.
An arbitral tribunal has ordered Gramercy Funds Management LLC and Peru to avoid aggravating their $1.8 billion dispute over old government bonds at the request of the country, which claimed the U.S. asset manager has exacerbated the conflict with actions like spreading negative information about the nation in the press.
Ukraine urged the D.C. Circuit to toss Russian energy company PAO Tatneft's bid to enforce a $112 million arbitral award it won following the forced 2007 seizure of a Ukrainian oil refinery, saying an exception to sovereign immunity doesn't apply in this instance.
Two thirds of U.K. firms do not have insurance cover for security breaches and the data loss they cause, a survey revealed on Wednesday, highlighting concerns about data protection after a series of high-profile attacks and breaches.
A group of now former Akin Gump Strauss Hauer & Feld LLP attorneys comprising roughly half the firm's Moscow office have decided to strike out on their own to form a new law firm based in the Russian capital in light of trans-Atlantic "geopolitical tensions," the group said Wednesday.
Things began heating up even more in Delaware federal court on Friday as bondholders and other interested parties sought to maintain a pause on the sale of Citgo Petroleum Corp.'s parent company, a means for Crystallex International Corp. to enforce its $1.2 billion judgment against Venezuela.
Withers LLP has nabbed a former Bryan Cave Leighton Paisner LLP attorney to lead its international arbitration team in the United States, bolstering its New York offerings with her experience representing clients in industries including hospitality, infrastructure, energy, insurance and pharmaceuticals, according to a Tuesday announcement.
President Donald Trump warned Congress over the weekend not to "interfere" in the ongoing North American Free Trade Agreement talks, but he will ultimately need to bring lawmakers into the fold if he hopes to get any version of a new NAFTA across the finish line.
An international tribunal has ordered Egypt to pay a Spanish natural gas company approximately $2.2 billion for cutting off the gas supply to liquefaction facilities the company operated in the northerly port city of Damietta, according to a Monday announcement.
Crowell & Moring LLP has added a former Bryan Cave Leighton Paisner LLP attorney with more than 30 years of experience in international trade, the firm announced.
North Korea has failed to respond to a wrongful death suit filed by the parents of Otto Warmbier, who died after being imprisoned in the country for nearly 18 months for alleged state subversion, according to documents filed in D.C. federal court on Friday.
A Bolivian investment firm urged a Colorado federal court Thursday to confirm a $36.1 million arbitral award against a Mexican cement company following a dispute stemming from a shared investment, arguing that the cement company's claim that the dispute belongs in Mexico doesn't withstand scrutiny.
Trade talks between the U.S. and Canada ended without a deal Friday, leaving the Trump administration’s plans to overhaul the North American Free Trade Agreement up in the air as it moves ahead on a bilateral basis with Mexico.
An international tribunal will decide as an initial matter whether an arbitration in which Ukraine has accused Russia of stealing its energy and fisheries resources in the waters surrounding Crimea is actually a bid to affirm Ukraine's sovereignty over the disputed peninsula, according to a Friday announcement.
If the methods of resolving construction disputes played America’s national pastime, baseball-style arbitration might be rostered as a pinch runner. While it’s rarely seen and some aren’t sure it has any use at all, it can be used in lieu of slower processes such as arbitration and litigation and fans say it excels in the right situation.
French biopharmaceutical company Adocia SA and Eli Lilly & Co. have stepped up their arbitral clash over the U.S. drugmaker's alleged misappropriation of confidential information, with Adocia increasing its damage demand to $1.8 billion and Lilly counterclaiming for $188 million, according to a Thursday statement.
The Eleventh Circuit on Thursday reversed an order forcing an Alabama steel plant owner to arbitrate its dispute with a French unit of General Electric Co. for supplying allegedly faulty motors, concluding that there was no written arbitration agreement between them.
Brazilian Volkswagen distributors sued The Reynolds and Reynolds Co. in Ohio federal court Wednesday, seeking confirmation of an approximately $2.5 million arbitration award issued in a dispute over an allegedly malfunctioning electronic data processing software made by the American company.
U.S. investors and Mexico have clashed over the country's alleged destruction of a $100 million gambling business, with each party trading briefs sparring over whether investors failed to signal their intent to arbitrate or if the country's jurisdictional objections are just an overly technical "magical, written incantation."
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.