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.
We asked, and you answered. Here are the results of Law360’s inaugural survey on third-party legal funding.
Once a taboo topic in the halls of BigLaw, litigation finance is winning over converts. And the peer pressure is building for rival law firms to join the bandwagon.
They often don’t know exactly what they’re buying, and there’s an ever-present chance they could come up empty in a given case. Here’s why investors are flocking to litigation finance anyway.
The finance chiefs of Europe's five largest economies on Monday warned U.S. Treasury Secretary Steve Mnuchin and other U.S. leaders that provisions of the Republican tax bills could be at odds with World Trade Organization rules, break double-taxation agreements, constitute unfair trade practices and hurt international banking and insurance.
Texas-based Winland International Inc. filed a complaint with the U.S. Court of International Trade on Monday after an imported shipment of truck and bus tires was denied entry into the country for having the wrong manufacturer code stamp.
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.
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.
The World Trade Organization is in Buenos Aires this week for its biennial conference with increasingly diminished expectations for updating international trade rules. One subject not on the agenda, but likely to be hotly debated, is the ongoing U.S. block on the appointment of new WTO Appellate Body members, says former WTO permanent delegate Robert McDougall, now a senior fellow at the Centre for International Governance Innovation.
There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP.
Much has been written about the 2012 "Resource Guide to the U.S. Foreign Corrupt Practices Act," but no one has talked about the behind-the-scenes work that produced the guide — until now, say Charles Duross, former chief of the FCPA Unit at the U.S. Department of Justice, and Kara Novaco Brockmeyer, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission.