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Groundbreaking, Multilateral Trans-Pacific Partnership Trade Talks Conclude – Enactment Pending Lawmakers Assessment of the Deal

After nearly a decade of talks, the United States and eleven other negotiating partners announced on October 5, 2015 the conclusion of the Trans-Pacific Partnership (TPP) trade agreement, marking an important milestone toward...more

Treasury and U.S. Trade Representative Notify Congress of Intent to Initiate Negotiations on Covered Agreement With EU Regarding...

On Friday, November 20, 2015, the U.S. Department of the Treasury and the U.S. Trade Representative (USTR) notified the chairs of the U.S. House Financial Services Committee, House Ways and Means Committee, Senate Banking...more

ITC Initiates Investigation Into Likely Impact Of Trans-Pacific Partnership Agreement

The Office of the U.S. Trade Representative (USTR) has requested pursuant to section 105 of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, that the U.S. International Trade Commission (the ITC)...more

Treasury updates sanctions

Treasury has updated the sanctions lists in respect of Afghanistan....more

Energy & Environment Update - November 2015 #3

Energy and Climate Debate - With the November 20 deadline looming, Congress will focus much of this week on the surface transportation bill as House and Senate conferees try to quickly negotiate differences on H.R. 22...more

Political and Economic Conditions Shaping America’s Energy Future

America’s 10 year energy resurgence exhibits the difficulty of prediction. Unexpected global events, from the persistence of the U.S. fracking revolution to the impact (or lack thereof) of low natural gas prices on the...more

Washington, D.C. Update – November 2015

In the final week of October, congressional leaders and the White House reached an agreement on a wide variety of measures to "clean the barn" for Speaker John Boehner's (R-OH) successor. The Bipartisan Budget Act of 2015...more

Africa Update - November 2015 #2

Leading the News: Egypt - On November 5th, U.S. President Barack Obama expressed his belief it was possible there was a bomb on board the Russian passenger jet that went down in Egypt’s Sinai Peninsula last week....more

Trade & Manufacturing - November 2015

Little Used House Procedure Saves the Ex-Im Bank - Who would have guessed that congressional supporters of the Export-Import Bank (Ex-Im) would have used a House procedure established over 100 years ago, and not used...more

Focus on Government: Canada’s new cabinet

Yesterday, Canada’s 23rd Prime Minister, the Right Honourable Justin Trudeau, and the new Liberal cabinet formally assumed its duties after being sworn in at Rideau Hall. This took place after the Governor General accepted...more

European Court of Justice Invalidates Safe Harbor

On October 6, 2015, the European Court of Justice invalidated “Safe Harbor”, a pact which for nearly fifteen years allowed United States companies to transfer electronic data from European companies and satisfy accompanying...more

Final Text of Trans-Pacific Partnership Released

At long last, the final text of the Trans-Pacific Partnership, a free trade agreement among a dozen Pacific Rim nations, has now been made available to the public. The chapter on intellectual property, however, does not...more

White House Announces Long-Awaited Trans-Pacific Partnership Agreement

The Obama administration released the full text of the Trans-Pacific Partnership (TPP) agreement, on November 5, kicking off a 90-day window for congressional review. The TPP would arguably be the largest free trade...more

House Votes to End Crude Oil Export Ban

On October 9, the U.S. House of Representatives voted 261-159 to end the 40-year-old ban on the export of domestic crude oil. The bill has been sent to the Senate for consideration, where it is unclear if it will be passed....more

Sanctions Against Iran: EU Adopts the Legal Acts to Prepare for the Lifting of All Nuclear-Related Economic and Financial...

First, Council Decision (CFSP) 2015/1863 amends Council Decision 2010/413/CFSP concerning restrictive measures against Iran. It provides for the termination of all Union nuclear-related economic and financial restrictive...more

Will There Be an APAC Safe Harbor?

On October 5, while the European Union’s highest court was busy striking down its Safe Harbor permitting the cross-border transfer of personally identifiable information, 12 countries reached a consensus on data transfers...more

Tax Haven List Repealed by D.C. Council

After being in effect for only a week, the Council of the District of Columbia (Council) unanimously enacted legislation on November 3, 2015 that will repeal the list of tax haven jurisdictions specifically enumerated in the...more

Little Used House Procedure Saves the Ex-Im Bank

Who would have guessed that congressional supporters of the Export-Import Bank (Ex-Im) would have used a House procedure established over 100 years ago, and not used successfully since 2002, to save the Ex-Im Bank?...more

OFAC Authorizes Transactions Involving Certain Belarusian Entities

On October 29, OFAC granted a General License authorizing nine Belarusian entities to make transactions otherwise prohibited by Executive Order 13405, effective October 30. The General License also authorizes transactions...more

Treasury updates sanctions

Treasury has updated the sanctions lists in relation to the Yemen....more

EU and US Take Actions to Ease Belarus Sanctions

On October 29, 2015, the EU and the United States took separate action to ease certain Belarus-related sanctions. As of October 31, 2015, the EU suspended asset freezes and travel restrictions imposed on 170 persons, as well...more

Proposed US and EU Trade Secrets Laws Progress but Unlikely to be Enacted This Year

There’s no doubt that protection of trade secrets is a major concern for most businesses operating in today’s global economy. As we have previously discussed, a few years ago CREATe.org and PwC US released a report that...more

False Hope or a Possible Safe Harbor Reboot?

With EU-U.S. data transfer scheme Safe Harbor being found to be “invalid” recently by Europe’s top court, pressure has increased on U.S. and EU officials to put aside differences and see if an alternative 2.0 scheme could be...more

United States and European Union Reach Agreement in Principle for Continued Transatlantic Data Transfers Following Safe Harbor...

In the wake of the European Court of Justice’s (“CJEU”) landmark decision of Schrems v. Data Protection Authority earlier this month, the EU Justice Commissioner Vera Jourova announced this week that the EU has “agreed in...more

Movement Towards Implementation of Iran Nuclear Agreement Brings Limited Easing of Sanctions into Focus

Recent and upcoming milestones fuel expectations of Iran opportunities in 2016. As reported in our Client Alert dated July 16, 2015, the Joint Comprehensive Plan of Action (JCPOA) provides for the eventual termination of...more

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