The government must work to educate tech startups on potential national security and Committee on Foreign Investment in the United States oversight issues raised by early stage investments from foreign companies, a former high-ranking Treasury Department official now with WilmerHale told the House Financial Services Committee on Thursday.
Certus Automotive Inc. has filed a complaint in the U.S. Court of International Trade seeking review of the tariffs imposed on some of the interior and exterior plastic auto parts it imports, after the U.S. Department of Homeland Security and U.S. Customs and Border Protection denied Certus' request for agency review.
The World Trade Organization has struggled to get ambitious negotiations off the ground for years, but experts say this week’s failure to deliver any concrete results at its ministerial summit could mark a breaking point for the WTO as we know it.
Covington & Burling LLP partner Mark E. Plotkin spent the past year securing U.S. government approval for a litany of billion-dollar overseas transactions with sensitive security implications, headlined by the $3.2 billion sale of Intersil Corp. to Japan’s Renesas Electronics Corp., earning him a spot among Law360’s 2017 International Trade MVPs.
An influential panel of U.K. lawmakers is calling for a Brexit transition to be implemented in two phases to allow banks, insurers and other financial services time to adjust to their new trading relationship with the European Union after Britain leaves the bloc.
The Second Circuit on Wednesday vaporized a pharmaceutical executive’s felony convictions for importing and selling unapproved prescription drugs, saying a judge improperly blocked testimony about legal advice that purportedly greenlighted the sales.
World Trade Organization members wrapped up their biennial summit without agreement on any major issues Wednesday, opting instead to kick the can down the road and focus on smaller agreements in areas like fishing subsidies, e-commerce and investment.
A former Istanbul anti-fraud cop told a Manhattan jury on Wednesday that during stakeouts he performed in a 2013 bribery probe before being forced to leave Turkey, he never saw Mehmet Hakan Atilla, the Turkish banker standing trial on charges of helping Iran dodge U.S. sanctions.
The global business community expressed its “strong and unequivocal support” for the World Trade Organization Tuesday and urged governments to take steps to strengthen the WTO system to promote “shared economic prosperity, legal certainty and a level playing-field for international enterprise.”
The Department of Commerce has made a preliminary finding that some People's Republic of China pipe fitting exports are being subsidized in a way that hurts U.S. makers, it said Wednesday.
The U.S. Court of International Trade on Tuesday partially upheld a “new shipper” review conducted by the U.S. Department of Commerce that called for a 12.64 percent dumping duty on tapered roller bearings from China's GGB Bearing Technology (Suzhou) Co. Ltd. and remanded one of the decisions in the review to the agency.
Arnold & Porter Kaye Scholer LLP’s J. David Park has represented Samsung Electronics, Toray Chemical and other foreign respondents in trade remedies litigation this year, navigating the challenges of working under an administration that, he says, has become much more aggressive, earning him a spot as one of Law360’s 2017 International Trade MVPs.
The Russian government has scaled back its ban on European Union pork products in order to comply with a World Trade Organization decision that struck down Moscow’s food safety rules as overly restrictive, according to a Russian statement circulated Wednesday at the WTO.
Bankrupt global plastics supplier M&G USA Corp. secured final Delaware court approval Tuesday for a $100 million debtor-in-possession loan needed to keep its sale plan alive, over objections from Texas plant construction lienholders and the U.S. trustee's office.
A former Obama administration official on Tuesday told a Manhattan jury that Mehmet Hakan Atilla, a Turkish banker accused of helping Iran dodge U.S. sanctions, was “taken aback” and “sweating” when directly warned against helping Tehran, which was disputed by the defense because the former official could not back up his account with notes from the time.
The Canadian government on Tuesday launched a competition for dozens of new fighter jets while scrapping a planned interim purchase from Boeing, telling the aerospace giant that continuing its trade dispute with Canadian aircraft maker Bombardier would put it at a “distinct disadvantage” for the lucrative deal.
U.S. Trade Representative Robert Lighthizer on Tuesday urged World Trade Organization member states to continue working to harmonize regulations on pesticide use on agricultural imports, saying the status quo constrains global food supplies and farmer incomes.
A Chinese exporter of multilayer wood flooring on Monday landed another crack at exemption from China-wide anti-dumping tariffs after a U.S. Court of International Trade judge concluded the Department of Commerce abused its discretion when determining that the producer didn’t qualify for an individual review and remanded the case.
A powerful government scrutiny panel is to reveal on Thursday how it believes the U.K.’s finance and insurance sectors would cope if they were given an extended period to adjust to a deal between Britain and the bloc after Brexit.
M&G USA Corp. secured Delaware bankruptcy court approval for a longer, two-track company sale schedule Monday, with a decision on M&G’s $100 million debtor-in-possession loan postponed for a day as company attorneys worked to settle objections and cash allocations.
President Donald Trump has begun the process of renegotiating the North American Free Trade Agreement, fulfilling one of his bedrock campaign promises. As the administration prepares to reopen the agreement for the first time in 23 years, catch up on all of Law360’s latest coverage of NAFTA and what lies ahead for the U.S., Mexico and Canada.
U.S. Department of Justice prosecutors and law enforcement partners have secured more foreign bribery-related trial convictions and guilty pleas this year than in any other year in the history of the Foreign Corrupt Practices Act, in fact by almost twice as much. These are all significant cases with significant impacts, says Daniel Kahn, chief of the DOJ's FCPA Unit.
It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.
One key takeaway from the Bonn Climate Talks — which recently brought together negotiators from close to 200 countries to discuss implementation of the Paris agreement — is that energy companies must seriously consider potential lawsuits linking their business operations with human rights violations and climate change, say Viren Mascarenhas and Kayla Winarsky Green of King & Spalding LLP.
In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.
More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.
The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.
Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.
Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.
Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.
Last week, the Organization for Economic Cooperation and Development held a roundtable on extraterritorial remedies, including on global portfolio-wide remedies in antitrust patent licensing cases. Koren Wong-Ervin, director of IP and competition policy at Qualcomm Inc., reviews some of the public statements made by speakers at the off-the-record event.