Russian gas giant Gazprom said Wednesday that it has launched arbitration proceedings over a more than $6 billion fine imposed by Ukraine's anti-monopoly regulator two years ago for allegedly stifling the local gas transit market, local media reported Wednesday.
U.S. Trade Representative Robert Lighthizer on Wednesday vigorously defended his office’s proposal to subject the North American Free Trade Agreement to potential termination every five years unless the parties agree to extend it, pushing back against lawmakers who said the idea creates uncertainty for U.S. exporters.
U.S. Trade Representative Robert Lighthizer told lawmakers on Wednesday that it's not the U.S. government's job to protect American companies investing abroad as he defended the Trump administration's skepticism of investor state arbitration in the North American Free Trade Agreement.
President Donald Trump on Thursday will unveil new trade restrictions against China, in light of "strong evidence" the administration has uncovered regarding Beijing’s flouting of U.S. companies' intellectual property rights, the White House announced on Wednesday.
The U.S. Department of Commerce said Tuesday in a preliminary decision that Chinese and Indian exporters were selling stainless steel flanges in the United States at unfairly low prices and may face anti-dumping duties.
The U.S. Securities and Exchange Commission has asked a Manhattan federal judge to keep its fraud suit against mining giant Rio Tinto and two former executives alive, saying they filed evidence the court can’t consider and invoked “far-fetched” and “absurd” arguments in their effort to have the suit dismissed.
U.S. Trade Representative Robert Lighthizer indicated Wednesday that several close U.S. allies may earn immediate exemptions from the steel and aluminum tariffs set to take effect this week and that the U.S. aims to wrap up a permanent set of country-specific exclusions by the end of April.
A new €5 billion ($6.1 billion) levy put forward Wednesday by the European Union’s executive arm would target the advertising, data and marketplace-based business models favored by digital giants such as Google LLP, Facebook Inc. and Airbnb Inc., but the European Commission denied accusations that the tax was “anti-American.”
U.K. asset managers fear Brexit negations are unlikely to wield a comprehensive trade deal covering financial services, new research published by the CFA Institute revealed on Wednesday.
Import tariffs on a Canadian fastener company’s screws remained at half of the roughly 12 percent rate initially imposed by the U.S. government after the Federal Circuit on Tuesday affirmed a U.S. Court of International Trade decision that the screws were misclassified by federal regulators.
The U.S. Department of Commerce teed up new duties on imports of steel wire rod from five close allies Tuesday after finding they had benefited from unfair trade and pricing tactics, wrapping up one of the largest trade remedy probes in recent memory.
A scion of the family behind Iranian conglomerate Stratus Group was arrested by U.S. authorities Monday and charged with evading sanctions, money laundering and bank fraud for funneling $115 million for a Venezuelan housing complex through the American financial system.
The U.S. Department of Commerce slapped a Chinese steel plate maker with countervailing duties on its steel cut-to-length plates, finding that loans and other benefits it received were made pursuant to Chinese government directives, according to a filing to be published in the Federal Register on Wednesday.
The Trump administration’s trade policy is under close public scrutiny as the White House prepares to move ahead with new tariffs on steel and aluminum, girds for a new fight with China over intellectual property enforcement, and tries to keep negotiations with its closest allies afloat. It is against this backdrop that U.S. Trade Representative Robert Lighthizer will testify before the two congressional trade committees this week.
Sheppard Mullin LLP has announced it has expanded its government contracts, investigations and international trade practice group with the addition of a former Cadwalader Wickersham & Taft LLP attorney.
On the heels of a World Trade Organization dispute launched by the Vietnamese government over the U.S. process for inspecting catfish imports, U.S. Sen. John McCain and a colleague are calling for an end to the controversial program, citing threats to domestic jobs and exports.
Before his sudden departure Tuesday, Latham & Watkins LLP Chair Bill Voge engaged in a pattern of reckless behavior starting with sexually explicit messages sent to a woman he approached on behalf of a Christian men’s group and culminating in threats to her husband to have her thrown in jail. This story has been updated to include more details.
European Union governments finally signed off a landmark trans-Atlantic insurance deal between the U.S. and the EU on Tuesday, leaving it up to U.S state insurance regulators to start tackling key questions on how to implement a pact.
The Committee on Foreign Investment in the United States’ workload has increased in recent years while staff levels have remained essentially the same, leaving government officials concerned about the committee’s ability to complete its functions, according to a U.S. Government Accountability Office report released Friday.
The Senate has confirmed President Donald Trump’s choice to permanently lead U.S. Customs and Border Protection on Monday, elevating longtime agency official and acting Director Kevin McAleenan with a bipartisan vote.
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.
Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.
A year after President Donald Trump withdrew the U.S. from the Trans-Pacific Partnership, the remaining TPP countries have signed a revised agreement among themselves, and U.S. exporters may pay a heavy price. Now is the time for industries with the most to lose to push for a U.S. return to the TPP, says Christopher Corr of White & Case LLP.
It's unusual for the Committee on Foreign Investment in the U.S. to delay the election of a public company’s board of directors because they may approve a future transaction. But it's not surprising that CFIUS acted to protect critical U.S. network infrastructure from a foreign buyer, say attorneys with Sheppard Mullin Richter & Hampton.
If successful, Acetris' challenge in the U.S. Court of International Trade could have a meaningful impact on decisions about where to manufacture active pharmaceutical ingredients for the very broad range of drug products sold to the U.S. government, say attorneys with Covington & Burling LLP.
Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.
The decision by Venezuela’s state-owned oil company PDVSA to pursue claims in the U.S. over an alleged bribery scheme raises a number of legal and strategic issues not just for the defendants named in the suit, but also for PDVSA’s bondholders and creditors of the republic, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.
Last month, U.S. House of Representatives Foreign Affairs Committee Chairman Ed Royce, R-Calif., introduced the Export Control Reform Act of 2018, which could have a significant impact on restricting access to U.S. technology, even within the United States. Companies should be aware that the act would increase compliance complexity and heighten enforcement risk, say attorneys with Kirkland & Ellis LLP.
China has recently implemented a number of changes to its food regulatory system. U.S. beef can again be imported to China after a 14-year prohibition. But companies must comply with new standards for food manufacturer certification, food labeling and food packaging, say attorneys with Keller and Heckman LLP.
The recent announcement of new steel and aluminum tariffs provided few answers regarding their scope and operation. The sooner definite procedures for exclusions and exemptions are established, the better for the global economy, say Donald Cameron and Mary Hodgins of Morris Manning & Martin LLP.
As China says "zai jian" to the Year of the Rooster and "ni hao" to the Year of the Dog, it's a good time to reflect on developments in China's food laws in 2017. Many important food regulations and standards were revised, including rules on health foods, GMOs and infant formula, say attorneys with Keller and Heckman LLP.