Global Connection - May 2011


In This Issue:

- A Letter From the Editor

- The Reverse Merger: Easy Way in or Illegitimate Access to U.S. Capital Markets?

- Cross-Cultural Communication: Guidance for the American Negotiator

- Cross-Border Mexican Trucking

- Largest Indictment for an FCPA Case Gets Ready for Trial in D.C.

- Snell & Wilmer Hosts In- House Counsel Global Symposium With Lawyers From Around the World

- Lex Mundi Welcomes Five Senior In-House Counsel to the Lex Mundi Client Advisory Council

- The United Kingdom’s Bribery Act: A New Threshold For Foreign Transaction Policies

- Legal Alert - "BIS" Issues Final Rule Amending Export Control List

Excerpt from "Cross Border Mexican Trucking"

The North American Free Trade Agreement (NAFTA) called for cross border trucking to be phased in beginning in 1995. Congress has blocked the various attempts to implement this provision by denying funding in spending bills. One of the principal arguments against cross-border Mexican trucking has been that Mexican trucks on American roads would be unsafe.

In March 2009, Mexico expressed its displeasure with the failure of the U.S. to comply with its NAFTA obligation to phase-in cross-border trucking by imposing retaliatory tariffs. Mexico's retaliatory tariff list consists of more than 99 items, which include some of America's largest exports to Mexico. This has meant significant tariffs on billions of dollars worth of U.S. exports.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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