A Qualcomm Inc. investor opened a derivative lawsuit against the company and its directors late Wednesday in Delaware Chancery Court, alleging the tech company’s board made undisclosed and self-interested decisions that scuttled a proposed $117 billion merger with Broadcom Ltd. and cost Qualcomm $8 billion in market value.
A Venezuelan-American businessman has been charged with Foreign Corrupt Practices Act violations for funneling hundreds of thousands of dollars in bribes to an official of Petroleos de Venezuela SA to secure contracts from the state-backed oil and gas company, prosecutors said Wednesday.
Solar importer Sunpreme Inc. on Tuesday filed a lawsuit in the U.S. Court of International Trade contesting the U.S. Department of Commerce’s customs instructions on its solar module imports from China, arguing that the department had abused its discretion.
Two Senate Republicans and a Democrat introduced a bill Wednesday aimed at curbing the authority by which President Donald Trump has imposed tariffs on steel and aluminum based on concerns over national security.
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.
President Donald Trump is considering hiking his proposed tariffs on $200 billion of Chinese goods from 10 percent to 25 percent in an escalating dispute over Beijing’s intellectual property rules, the U.S. government's top trade official said Wednesday.
The U.S. Department of Commerce will investigate whether importers of certain steel products are trying to circumvent anti-dumping and countervailing duties imposed on Taiwan and South Korea by completing the materials in Vietnam, according to notices the department will publish Thursday in the Federal Register.
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.
The U.S. Department of Commerce teed up another preliminary round of steep tariffs on decorative ribbons from China after finding that the imports have been sold on the U.S. market at unfairly low prices.
Mining giant Rio Tinto asked a New York federal judge on Tuesday to issue letters requesting international judicial assistance in compelling three internationally located PricewaterhouseCoopers firms to produce documents and other evidence that could aid its defense in a fraud suit from the U.S. Securities and Exchange Commission.
Four House Democrats from states bordering Canada have warned the Trump administration against shifting away from a full North American Free Trade Agreement renegotiation to strike a standalone deal with Mexico, according to a letter circulated 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 Trump administration on Monday said it will relax export controls on India, placing New Delhi on the same plane as Australia, Japan, South Korea and U.S. NATO allies and making it easier for American companies to sell high technology and military items there.
The Trump administration is moving forward with changes to rules governing refunds of customs duties paid on imported goods that are subsequently exported, according to a notice to be published in the Federal Register on Thursday.
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.
Japan has settled on Lockheed Martin to provide radar systems for a pair of land-based Aegis ballistic missile defense systems reportedly aimed at providing protection against any possible North Korean attack, according to Monday news reports.
The Republic of Uzbekistan has failed to pay any of the $13 million that a European tribunal awarded to U.K.-based Oxus Gold PLC after finding changes in the country’s tax regime harmed the mining company, according to a complaint filed in a D.C. federal court.
Eight states and Washington, D.C., sued the Trump administration in Washington federal court Monday, seeking to block a recent settlement allowing a defense firm to publicly post 3D printing plans for guns online, saying the deal would wrongly allow “dangerous criminals” to effectively access untraceable weapons.
The U.K. government is working to create a formal process for reviewing foreign investments for national security threats, making it the latest country to revamp its system for catching hostile investments in sensitive industries. Here, Law360 outlines what attorneys need to know about potential changes in the U.K.
The World Trade Organization struck down many of Ukraine’s claims in its dispute with the Russian Federation over its restrictions on Ukrainian shipments of railway equipment, finding certain limits nondiscriminatory but unnecessary, according to a panel report circulated on Monday.
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.
As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.
With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.
Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
An American company that has taken enough investment from non-U.S. sources may have become a “foreign person” itself for purposes of the Committee on Foreign Investment in the United States, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.
Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.
Until this month, recipients of subpoenas in U.S. International Trade Commission investigations had only 10 days to move to quash, or risk waiving all objections. Now the ITC has aligned its subpoena practice with federal court procedures, a step that will likely be well-received by practitioners, say Elizabeth Banzhoff and Amanda Tessar of Perkins Coie LLP.
Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.
The U.S. Supreme Court's holding in Animal Science v. Hebei that a U.S. court is not bound by a foreign government's interpretation of its own laws is likely to have a lasting impact on legal decision-makers across the globe as they make determinations about deference to foreign laws, including U.S. laws, say attorneys at Alston & Bird LLP.