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International Trade Updates

Read need-to-know updates, commentary, and analysis on International Trade issues written by leading professionals.

Buy American and Hire American – New Executive Order Promises to Put American Workers First, But Practical Impacts Remain Unclear

On April 18, President Trump signed a new executive order (EO) at a ceremony in Kenosha, Wisconsin. The EO is entitled “Buy American and Hire American” and focuses on these two themes, with the President’s stated goal of...more

More Items Subject to Individuals’ Mandatory Tax Reporting in Kazakhstan

by Morgan Lewis on

On January 1, 2017, amendments affecting individual income tax reporting came into force in the Republic of Kazakhstan. Amendments to the Tax Code of the Republic of Kazakhstan (Tax Code) became effective January 1, expanding...more

Modernisation of Dubai free zone regulations

by DLA Piper on

The Dubai Creative Clusters Authority (DCCA), formerly known as the Dubai Technology & Media Free Zone Authority or TECOM, which is the free zone authority with jurisdiction over nine Dubai Creative Cluster (DCC) free zones,...more

Public Comments And Hearing Regarding Administration Report On Significant Trade Deficit

by King & Spalding on

On April 17, 2017, the Office of the United States Trade Representative (“USTR”) and the U.S. Department of Commerce’s International Trade Administration (“Commerce”) published a Federal Register notice regarding a public...more

Focus on Tax Strategies & Developments - April 2017

by McDermott Will & Emery on

Impact of Country-By-Country Reporting on Multinational Enterprises - Perhaps the most challenging component of the Base Erosion and Profit Shifting (BEPS) initiative adopted by the OECD and G20 countries, Action 13...more

"UK Updates Fund Management Law"

On March 29, 2017, the U.K. updated the law pursuant to which U.K. limited partnerships are constituted. It was the same day on which the government began the Brexit process that will fundamentally change the constitution of...more

Not Chapter 11 but Chapter 11-ish

by Morrison & Foerster LLP on

Parents, headmasters, hoteliers, restauranteurs, insurers and countries love them or hate them, depending on how their school or restaurant, company or nation is ranked. I’m referring to the World Bank’s annual Doing...more

China's new cyber security law is only 6 weeks away

by DLA Piper on

7 THINGS YOU NEED TO KNOW - Regulation of personal and business data and restrictions on your ability to transfer it out of China is set to become a reality on 1 June 2017 when the PRC Cybersecurity Law comes into...more

China updates special tax adjustment measures: new rules go into effect May 1

by DLA Piper on

China's State Administration of Taxation (SAT) has released the Administrative Measures on Special Tax Investigation Adjustments and Mutual Agreement Procedures in the Public Notice [2017] No. 6 (Bulletin 6). Bulletin...more

The New Prospectus Regulation

by White & Case LLP on

Changes to Disclosure Requirements for Debt Capital Markets Transactions - On 5 April 2017, the European Parliament adopted the new Prospectus Regulation ("PR3"). PR3 will enter into force on the twentieth day after its...more

New Non-Resident Speculation Tax in Ontario

by Bennett Jones LLP on

The provincial government announced today that effective April 21, 2017, it is imposing a 15-percent non-resident speculation tax on the purchase or acquisition of interests in residential property located in the Greater...more

Celltrion Files for Approval to Sell Herzuma (Trastuzumab) in Japan

by Goodwin on

Celltrion announced last week that it has filed for marketing approval of Herzuma (trastuzumab) with Japan’s Ministry of Health, Labor and Welfare. Herzuma is indicated for the treatment of breast and gastric cancers...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

The City of Cincinnati is suing Harbour Portfolio Advisors—“one of the nation’s largest sellers of foreclosed homes”—for skipping out on housing code violations and for targeting buyers with “predatory and unconscionable”...more

China's draft data localisation measures open for comment

by Hogan Lovells on

On 11 April 2017 the Cyberspace Administration of China published a circular calling for comments on its draft Security Assessment for Personal Information and Important Data Transmitted Outside of the People’s Republic of...more

Global Employment Law Update - April 2017

by Hogan Lovells on

In this edition of our Global Employment Law Update we look at the effects of the rapid growth of the "gig" economy across the jurisdictions. There have been significant case law and legislative responses, particularly on...more

Chinese Government Releases Overreaching Draft Regulations on Cross-Border Data Transfer

by Davis Wright Tremaine LLP on

The Cyber Security Law was adopted in November 2016 and will become effective on June 1, 2017. The Cyber Security Law creates a new concept of Critical Information Infrastructure (“CII”). The operators of CII are subject to...more

EU and UK Sanctions Update: April 2017

by K&L Gates LLP on

There have been a number of key developments in the European Union (“EU”) and United Kingdom (“UK”) sanctions regimes in relation to North Korea, Russia, Syria and other jurisdictions since our last update. North Korea...more

Day 15 of One Month to 3rd Party Management-Third Party Management ROI [Video]

by Thomas Fox on

One area that has bedeviled Chief Compliance Officers (CCOs) and compliance practitioners is how to determine the return on investment (ROI) for your compliance program regarding third parties. While it is still clear that...more

3 Things Contractors Should Do Now to Ensure Compliance with Trump’s “Buy American, Hire American” Executive Order

by Carlton Fields on

"Buy American, Hire American" is no longer just a campaign slogan. It is the subject of an Executive Order signed by President Trump on April 19. The order details the Trump administration’s policy of ensuring compliance with...more

Federal Communications Commission Seeks Comment on Proposed Elimination and Further Streamlining of Section 43.62 International...

by Kelley Drye & Warren LLP on

On March 23, 2017, the Federal Communications Commission (FCC or Commission) released a Notice of Proposed Rulemaking (NPRM), in IB Docket Nos. 16-131 and 17-55, seeking comment on proposals to eliminate and further...more

Taking Realtime Arbitrations in China

by Planet Depos, LLC on

Though China does not permit the taking of depositions, there are many arbitrations that take place. Mainland China is home to more than 1.3 billion people. And with a massive 160 cities having more than one million...more

Trademarks Ownership Part 2

by Hassan Elhais on

There is a common misconception which suggest that registering a trademark grants the party a right of ownership. Technically this may be true but it is not the registration that grants ownership over a trademark but using a...more

Beneficial Ownership Due Diligence Requirements

by Michael Volkov on

The new FinCEN regulations requiring financial institutions to secure beneficial ownership information is fast approaching – May 2018. The US has been way behind in this regulatory area. As a result, money-laundering activity...more

UK Proposal for Register of Foreign Beneficial Ownership of Real Estate Continues Global Trend Toward Transparency

On 5 April 2017, the UK Department for Business, Energy & Industrial Strategy (the “Department”) issued a call for evidence (the “proposal”) for a public register (the “foreign ownership register”) which would contain...more

How More International Arbitrations Can be Amicably Settled

by White & Case LLP on

Many more international arbitrations could be amicably settled if greater use were made of the "sealed (settlement) offer" ("Sealed Offer"). But this has not happened because parties could not be confident a Sealed Offer...more

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