The European Union should not pursue a Brexit policy that imposes a punitive trade agreement on the U.K. after it leaves the bloc, top British government officials said Tuesday amid claims such a move would find the EU excluded from Britain's financial services.
U.S and European Union officials on Tuesday detailed the litany of unfinished business in the Transatlantic Trade and Investment Partnership negotiations, which face an uncertain future as the Obama administration prepares to hand the baton to President-elect Donald Trump this week.
A senior U.K. lawmaker said Tuesday that Britain will not abandon incoming European Union banking reforms as the country seeks to shield its multibillion-dollar financial technology sector from Brexit-related disruption.
DLA Piper has added an antitrust litigator previously with O’Melveny & Myers LLP as its head of investigations and its head of antitrust and competition in Asia, the firm has announced.
U.K. Prime Minister Theresa May on Tuesday outlined plans for a clean break from the European Union, including its single market for goods and services and the jurisdiction of the European Court of Justice, but held out hope for possible transitional arrangements for legal and financial services.
Seven major European banks have joined forces to create a blockchain-powered, cross-border trade financing platform for small and medium-sized companies in Europe, one of the biggest financial technology initiatives of its kind.
Chilean-based chemical and mining company Sociedad Quimica y Minera de Chile SA has agreed to pay more than $30 million to resolve criminal and civil allegations of violating the Foreign Corrupt Practices Act by funneling more than $15 million to Chilean political figures and associated entities, the U.S. Department of Justice said Friday.
A California telecommunications products company Thursday urged a California judge to ax counterclaims from a former business partner in a breach of contract case, saying the claims of fraud, forgery and misappropriation of trade secrets fail to meet basic pleading requirements.
More than 100 agriculture and other commerce groups on Friday urged President-elect Donald Trump to forge ahead with President Barack Obama’s efforts to normalize trade with Cuba as a group of bipartisan Congress members co-sponsored a bill earlier this week to lift a decades-old embargo on the island nation.
With President Barack Obama taking one final strike at Russia for its purported tampering in the U.S. election and President-elect Donald Trump facing a slew of explosive allegations of Moscow-related impropriety, sanctions attorneys have been left grasping at straws regarding what comes next in the two countries' fractious relationship.
President Barack Obama on Friday signed an executive order that recognizes a marked reduction in offensive military activity by the government of Sudan against its own people and lifts some sanctions against the African nation, after 20 years of hostile relations between Sudan and the United States.
U.S. and European Union officials said Friday they have completed a bilateral agreement designed to place their insurers and reinsurers on equal footing by eliminating duplicative regulations and axing collateral requirements for EU reinsurers doing business in the U.S., among other measures.
The U.S. government Thursday announced sanctions against a Syrian technology company it claimed has been involved in the Syrian government’s missile and chemical weapon programs.
Counsel for Hanjin Shipping Co. urged a New Jersey bankruptcy court on Thursday to approve the Korean courier’s bid to sell its U.S. assets, including equity interest in a financially distressed operator of port terminals, for $78 million, saying it’s the best deal for Hanjin and its creditors, despite several of their objections.
American attorneys are allowed to advise foreign clients about U.S. sanctions law, the Department of the Treasury said in a clarification Thursday.
Indiana-based medical device company Zimmer Biomet Holdings Inc. agreed on Thursday to pay more than $30 million in penalties for violating the Foreign Corrupt Practices Act after a compliance monitor said its predecessor company had breached a prior bribery settlement with U.S. authorities.
A Florida federal judge ordered Fresh Del Monte Produce Inc. and a Costa Rican juice company to provide more details about pineapple purchases that Del Monte asserts are illegal, saying Monday that he wouldn't contemplate halting the sales until he has precise dates and quantities relevant to the decision.
Purchasers of Korean ramen noodles alleging a price-fixing conspiracy on Thursday became the latest to ask a California federal judge to consider a recent Ninth Circuit decision that affirmed class certification for a group of consumers without them demonstrating a reasonable way to identify members of the class.
The U.S. Treasury Department walloped 18 Syrian officials with sanctions Friday, marking the first time the government has blacklisted specific individuals within the embattled Middle Eastern nation for state-coordinated chemical weapons attacks against civilians.
Importer Harmoni International Spice Inc. filed a complaint Wednesday in the U.S. Court of International Trade, contesting a determination earlier this month that its garlic imports are now subject to the posting of bonds that would create a $200 million liability and drive it out of business if it is upheld.
The regulatory changes that have propelled increasing cultural and economic engagement with Cuba for the past two years have been made through executive action. With a Republican Congress seemingly lacking the political will to ease or strengthen the Cuba embargo, the Trump administration’s initiatives on Cuba will be decisive for U.S. business interests, says Simeon Kriesberg of Mayer Brown LLP.
Although the full details of the president-elect's plans are not yet clear, some overarching themes are apparent from trade policy speeches during the campaign and a post-election transition team memo that has been reported in the press, according to Ambassador Charlene Barshefsky and other members of WilmerHale.
A primary driver of increasing litigation costs is the explosion of electronic discovery in recent years. Electronic data is not only increasing dramatically in volume, it is also growing in complexity. One way parties can save time and money is to use a neutral, technically skilled mediator, to ensure that e-discovery is both robust and cost-effective, says Daniel Garrie of JAMS.
A decade’s worth of multiple bar association initiatives, conferences, corporate law summits, detailed research reports and opinion pieces on the pay gap has seemingly fallen on the deaf ears of BigLaw. However, recent events presage substantial movement toward pay equity in law firms, say Stephanie Scharf of Scharf Banks Marmor LLC, Michele Coleman Mayes, general counsel for the New York Public Library, and Wendi Lazar of Outten & Golden LLP.
Air transportation of lithium ion batteries recently garnered significant attention due to reports of the Samsung Galaxy Note 7’s batteries overheating, catching fire and even exploding. Jonathan Todd and David Krueger of Benesch Friedlander Coplan & Aronoff LLP examine the current regulatory regime relating to air transport of lithium batteries, the forces shaping its future, and relevant emerging trends in hazardous materials compliance.
Pro se litigation can be a time-consuming cost of doing business, particularly for large, well-known companies. Though pro se cases occasionally include interesting, even amusing, claims, like all litigation, they must be taken seriously. In this article, attorneys from Shook Hardy & Bacon LLP detail several practical approaches to dealing with the problems posed by pro se litigants.
President Barack Obama’s executive order that ultimately killed the planned acquisition of Germany-based Aixtron by a Chinese investor marks only the third time that a U.S. president has ordered a transaction unwound due to national security concerns. The decision shows that the Committee on Foreign Investment in the United States takes a wide view of its jurisdiction and is likely to continue to do so, say Michael Gershberg and Ju... (continued)
I recently asked a panel of four federal court judges whether they expect courts to start taking a more active role in e-discovery. They answered with a resounding yes. However, their responses left me wondering whether courts are actually taking a more active role in discovery since the Federal Rules of Civil Procedure amendments took effect in December 2015, says Cristin Traylor of McGuireWoods LLP.
At 163 pages in length, the Obama administration’s recently issued interagency plan on intellectual property enforcement offers a comprehensive portrait of a variety of IP violations. It incorporates a range of perspectives, including stakeholders concerned about public health and safety, and establishes a new benchmark for IP enforcement efforts in the coming years, say attorneys at Faegre Baker Daniels LLP.
President-elect Trump’s statements have sent a generation of trade lawyers scurrying to grasp the contours of presidential power to raise tariffs. In the course of our own efforts to determine the metes and bounds of such authority, we discovered a long-forgotten but still intact statute that provides the president with broad tariff-setting authority, say John Veroneau and Catherine Gibson of Covington & Burling LLP.