Steel tube supplier Tenaris SA got the green light to pursue a $173 million award issued against Venezuela in an expropriation dispute after an International Centre for the Settlement of Investment Disputes committee lifted an enforcement stay, even as the nation looks to have the award annulled.
The Ninth Circuit on Tuesday upheld a California federal judge’s dismissal of casino mogul Steve Wynn’s claim that short-seller James Chanos defamed him with public accusations of Foreign Corrupt Practices Act violations, saying Wynn hadn’t shown evidence of slander.
A World Trade Organization panel partially backed China’s challenge to the European Union's management of its quota system for certain poultry imports, lending support to China’s bid for greater access to the EU market.
Even as mounting criticism of investor-state arbitration is expected to spur increasingly evolved treaty provisions, it's unlikely that nations will look to radically change investment arbitration or to remove it entirely from future trade deals, says Nigel Blackaby, global head of the international arbitration group at Freshfields.
Major U.S. meat industry groups on Tuesday urged President Donald Trump to press China to move forward on its plan to lift its decade-plus mad cow disease-based ban on U.S. beef, arguing that domestic companies are missing out on a billion-dollar market.
The Eleventh Circuit on Monday remanded to a Florida district court a fruit grower’s challenge to a $32 million arbitration award to Fresh Del Monte Produce Inc., because the district judge’s decision tossing the suit did not explicitly grant Del Monte’s request to confirm the award.
A New York federal judge on Monday largely upheld a stock-drop suit over Brazilian energy giant Eletrobras’ alleged role in a massive bribery scheme, saying investors adequately pled that the company misled them with statements about its ethics and financial well-being.
Iran hit Raytheon Co., United Technologies Corp. and 13 other U.S. companies with sanctions on Sunday for “propping up the Zionist regime” of Israel, according to Iranian state media, retaliating against U.S.-imposed penalties on entities accused of aiding Iran’s missile program.
Wal-Mart Stores Inc. asked an Arkansas federal judge on Friday to reject an investor's request that it be sanctioned for allegedly failing to comply with a discovery order in a suit over bribery in its Mexican unit, saying the plaintiff's line has "no support beyond its own desire to impose costs on Wal-Mart."
Negotiators are hoping to wrap up talks for a trade agreement between the European Union and the Mercosur bloc of South American nations “as soon as possible,” the two sides said on Monday after wrapping up the latest round of negotiations.
A landmark week in the British government's process to leave the European Union began with a demand that the prime minister preserve full access to the European single market, but lawyers warn that U.K. financial firms shouldn’t count on business as usual after Brexit.
An offshore oil and gas exploration company has resolved its dispute with the U.S. government over a $15 million fine for the company’s use of a foreign-flagged ship to transport a drilling rig between U.S. ports, in what had been the largest-ever penalty under the federal Jones Act.
The Chinese government has asked to be treated as a market economy in the context of a U.S. Department of Commerce probe of hardwood and decorative plywood imports, raising the stakes in a protracted dispute that could substantially alter the two countries’ future trade quarrels.
A Belizean appeals court on Friday rejected Belize Bank Ltd.’s bid to collect a $37 million arbitration award against the country stemming from unpaid government debt, agreeing with a trial judge that granting the request would harm public policy given the unusual circumstances under which the guarantees were made.
The U.K. Labour Party wants the government to preserve all key attributes of its European single market membership and to secure a “bankers’ Brexit” that meets the needs of financial services, the party’s top Brexit spokesman said Monday.
President Donald Trump's approval of a cross-border permit for the Keystone XL pipeline will ignite a lengthy legal firestorm over the controversial project, but experts say overturning the presidential permit will be difficult for pipeline opponents and a better chance of success lies in challenging federal environmental permits and state-level actions.
A Kansas federal court on Friday partially granted a demand from a group of corn producers to compel documents from a former Monsanto in-house attorney in multidistrict litigation over Syngenta’s allegedly false promotion of genetically modified corn, saying there could be relevant information in the attorney’s possession.
Cisco Systems Inc. asked a California federal judge Thursday to toss rival Arista Networks Inc.’s antitrust suit alleging it interfered with sales of Ethernet switches, arguing Arista lacks standing to bring the suit because the U.S. International Trade Commission had found that the switches infringe Cisco's patents.
The U.S. Department of State on Friday announced new sanctions targeting 30 entities and individuals accused of supplying Iran's ballistic missile program or furnishing North Korea, Iran and Syria with goods, in contravention of export controls.
Air France, KLM, Martinair and Qantas cannot dig up information on freight forwarder Schenker AG’s relationship with its customers because it’s irrelevant to a $370 million antitrust suit accusing major airlines of fixing prices for air cargo services, Schenker told a New York federal court Thursday.
Congress is trying to kill class actions again. H.R. 985 would impose a host of impossible requirements on the certification of class members, and close the courtroom doors to countless victims of serious fraud, negligence and other abuses. But it would also cause well-behaving companies to lose market share, profits and sales to cheaters who aren’t policed, says Daniel Karon of Karon LLC.
The importance of authenticity is magnified when trying a case outside your home jurisdiction. While using references to local landmarks or history can help make arguments relatable, adopting local expressions or style in an attempt to ingratiate oneself with the judge and jury almost always backfires, say William Oxley and Meghan Rohling Kelly of Dechert LLP.
In addition to steep cuts to foreign aid and other forms of “soft power,” the Trump administration's budget blueprint proposes dramatic shifts to trade and investment priorities that — if enacted by Congress — could impact U.S. stature abroad and change the landscape for American businesses operating around the world, say attorneys with Squire Patton Boggs LLP.
Two recent decisions in the Northern District of California shed light on what standard applies when determining whether a respondent corporation "resides or is found" in the district in which an application for discovery is made pursuant to 28 U.S.C. § 1782, say attorneys with Allen & Overy LLP.
The ruling by the U.S. Court of International Trade in the Energizer Battery case has important implications for importers and manufacturers making "Made in USA" claims for products made of imported components, says Laura Rabinowitz of Kelley Drye & Warren LLP.
The most successful Am Law 200 law firms have evolved from being partner-run to being run by a group of highly skilled professionals reporting to firm shareholders. The data collected from our recent survey indicates this model is generally conducive to increased profitability, says Anita Turner, senior director at Colliers International.
The approach by the English Court of Appeal in Saleh v. U.K. Serious Fraud Office is welcome from an asset-recovery perspective. Parties seeking to freeze or seize assets in a foreign jurisdiction should not be hamstrung by a blindly made order rendered without evidence or argument, says Lincoln Caylor of Bennett Jones LLP.
The best outside counsel think like the client. That includes understanding the client’s perspectives and goals with regard to reaching a settlement — because “good results” mean different things for different clients. Outside counsel must ask themselves the right questions, and know the answers, to shape a client-focused settlement strategy, say Kate Jackson of Cummins Inc. and Patrick Reilly of Faegre Baker Daniels LLP.
The coordinated efforts of U.S. and Brazilian enforcement authorities were on display recently in a number of major corporate anti-corruption resolutions. Corporations doing business from, or within, Brazil must be mindful of a few key cross-border considerations, say attorneys with King & Spalding LLP.
When associates contemplate a potential lateral move, there is a common misconception that all law firms are the same. It may seem that one law firm is just like the next, but if you dig deeper, you may discover unique attributes at some firms that may be more appealing and improve your professional satisfaction significantly, says Darin Morgan of Major Lindsey & Africa.