On April 11, 2022, the EMEA Credit Derivatives Determinations Committee (CDDC) determined that the state-owned Russian Railways is in default on a missed bond payment. Russian Railways tried to make the interest payment due...more
4/15/2022
/ Bilateral Investment Treaties ,
Bondholders ,
Bonds ,
Compliance ,
EMEA ,
Frozen Assets ,
International Arbitration ,
Investors ,
Russia ,
Sovereign Debt ,
Terms and Conditions ,
U.S. Treasury
Since the Russian Federation’s invasion of Ukraine, more than 400 international companies have announced their intentions to scale back or shut down their business operations in Russia. Russia has responded to the exodus of...more
Potential Remedies for Russia’s Suspension of Foreign Investors’ Intellectual Property Rights: International Investment Arbitration -
Foreign investors in Russia may have remedies pursuant to international investment...more
On June 8-9, 2021, the World Trade Organization’s (WTO) TRIPS Council will hold their first meeting in the wake of the U.S. Trade Representative (USTR) announcing “the Biden-Harris Administration’s support for waiving...more
6/8/2021
/ Bilateral Investment Treaties ,
Copyright ,
Coronavirus/COVID-19 ,
Industrial Design ,
Intellectual Property Protection ,
Pharmaceutical Industry ,
Pharmaceutical Patents ,
Popular ,
Takings Clause ,
Trade Secrets ,
TRIPS Agreement ,
Tucker Act ,
United States-Mexico-Canada Agreement (USMCA) ,
USTR ,
Vaccinations ,
Waivers ,
WTO
On March 26, 2021, the President of Mexico, Andrés Manuel López Obrador (“AMLO”), sent a new bill to Congress intended to amend the Federal Hydrocarbons Law (the “Hydrocarbons Bill”). This is AMLO’s latest attempt to upend...more
3/31/2021
/ Energy Sector ,
Exports ,
Foreign Investment ,
Hydrocarbons ,
Imports ,
Mexico ,
Oil & Gas ,
PEMEX ,
Proposed Legislation ,
State-Owned Enterprises ,
Trade Policy
On March 2, 2021, and after a short-lived debate, the Mexican Federal Senate approved a bill that will modify Mexico’s Electricity Industry Law, effectively reversing rights granted to private investors in that sector (the...more
Companies holding intellectual property in medical products used in the fight against COVID-19 should be aware of formal efforts by a group of nearly 60 developing countries, led by India and South Africa, to obtain a waiver...more
3/5/2021
/ Bilateral Investment Treaties ,
Coronavirus/COVID-19 ,
Diagnostic Tests ,
Foreign Investment ,
Free Trade Agreements ,
Intellectual Property Protection ,
Medical Devices ,
Personal Protective Equipment ,
Prescription Drugs ,
TRIPS Agreement ,
Vaccinations ,
Waivers ,
WTO
In a landmark ruling handed down on 15 February 2021, the Spanish Constitutional Court confirmed that the standard for the review of arbitral awards on public policy grounds should be extremely narrow and the right to a...more
In the final days of December, Mexico issued new regulations that limit the ability of private companies to import and export fuel and hydrocarbons. Then, in the first week of this year, Mexico’s President, Mr. Lopez...more
1/21/2021
/ Electricity ,
Energy Sector ,
Exports ,
Foreign Investment ,
Hydrocarbons ,
Imports ,
Mexico ,
New Regulations ,
Oil & Gas ,
PEMEX ,
United States-Mexico-Canada Agreement (USMCA)