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Foreign Relations

Currents - Energy Industry Insights - October 2017 #5

Drive for ANWR Oil Bonanza Could Prove to be a Bust for the Republicans' Budget - "Congressional Republicans counting on a $1 billion windfall from selling oil-drilling rights in the Arctic National Wildlife Refuge to help...more

Iran: Following President Trump’s “Decertification,” New U.S. Sanctions on Iranian Entities and All Eyes on the U.S. Congress

• Effective October 13, 2017, President Trump declined to provide certification that the JCPOA is in the United States’ national interest. Following this “decertification,” the U.S. Congress has 60 days in which to introduce...more

3 Key Takeaways: Doing Business in Mexico – NAFTA Renegotiations

Kilpatrick Townsend partner Marc Lieberstein recently moderated a panel at the annual “Doing Business in Mexico” seminar which was offered by the Association of Corporate Counsel and Kilpatrick Townsend. Marc, joined by...more

NAFTA Talks Will Continue Into 2018

by Cozen O'Connor on

The time frame for the North American Free Trade Agreement (NAFTA) renegotiation talks has been extended and will now continue into 2018. The fourth round of talks between the U.S., Canada and Mexico took place October 11-17....more

The Southern District of New York Finds “Work Made For Hire” Under Italian Copyright Law

Musical scores incorporated into films are usually produced with the specific film in mind. In the U.S., we call such works “works made for hire,” meaning that the artist does not retain authorship rights to the music....more

US Persons and Financial Institutions: Beware when engaging financially with Venezuela

by Foodman CPAs & Advisors on

On 8/25/17, President Donald Trump signed an Executive Order (EO) restricting and prohibiting certain transactions between US Persons and Venezuela. The transactions that are prohibited by US Persons apply wherever a US...more

De-Certification and the Iran Nuclear Deal: The Beginning of the End, or Much Ado about Nothing?

by Hogan Lovells on

Press reports indicate that President Trump intends to “de-certify” the Iran nuclear deal this week. In practical terms, that means he would refuse to re-certify one or more statutory elements of a law passed by the U.S....more

Update: Third Round of NAFTA Negotiations Concludes - Compromise Possible?

by Snell & Wilmer on

The third round of the North American Free Trade Agreement (NAFTA) negotiations among the United States, Canada, and Mexico concluded at the end of September. Similar to the position taken after the second round of...more

Implementing CAATSA - OFAC Issues Amended Russian-Related Sectoral Sanctions Under Directives 1 and 2

On September 29, 2017, OFAC modified Directives 1 and 2 of Executive Order 13662 to reduce the permissible maturity for new debt issued by Russian financial and energy entities designated under these directives, as well as...more

New Sanctions Against North Korea Issued by the United States

by Shipman & Goodwin LLP on

In light of continuous and escalating tensions between North Korea and the United States, companies should be aware of new sanctions against North Korea issued by the United States. On September 20, 2017, the White House...more

With Tensions Rising, the United States Imposes Additional Sanctions on North Korea

by Jones Day on

In Short - The Situation: Over the past several months, North Korea has engaged in several activities, particularly relating to missile and nuclear testing, that violate several United Nations resolutions and that...more

Walking the North Korean Tightrope

On September 21, 2017, President Trump issued an Executive Order (yet to be numbered) (“EO”) imposing additional sanctions on North Korea. It took effect the next day. The general press has quoted Treasury Secretary Mnuchin...more

Trump Administration Significantly Expands Sanctions Against North Korea

On September 21, 2017, the White House announced additional sanctions against North Korea, following a new round of sanctions imposed by the United Nations on September 11 and an escalation of U.S. sanctions previously...more

Update: Second Round of NAFTA Negotiations Concludes - Progress Made?

by Snell & Wilmer on

The second round of the North American Free Trade Agreement (NAFTA) negotiations among the United States, Canada, and Mexico concluded earlier this month. While official statements from the countries indicated that all three...more

Expanded Russia, Iran, and North Korea Sanctions; Top 10 Takeaways (Japanese Translation)

by Latham & Watkins LLP on

President Trump signs the “Countering America’s Adversaries Through Sanctions Act,” which — among other measures — requires Congressional review to ease Russia-related sanctions. On Wednesday, August 2, 2017, President...more

North Korea Sanctions Continue to Intensify

On September 11, 2017, the UN Security Council unanimously imposed new sanctions on North Korea. The move came only days after Pyongyang launched an underground nuclear test that may have been the detonation of a hydrogen...more

Trump Administration Threatens Unilateral Sanctions Against North Korea’s Trading Partners

by Kelley Drye & Warren LLP on

Treasury Secretary Mnuchin announced Wednesday that the Trump Administration was considering sanctioning any country that continues trade with North Korea if the United Nations does not approve additional sanctions against...more

EU-Japan Economic Partnership Agreement

by Hogan Lovells on

On July 6, Japan and the EU reached an "agreement in principle" on a future "Economic Partnership Agreement". The partnership has been hailed by the European Commission as "the most important bilateral trade agreement ever...more

NAFTA Watch Newsletter Vol. 7 - NAFTA Renegotiation Part 1: A Tense Start, Then Progress

by Benesch on

This publication is our seventh installment in a series designed to provide our clients in the manufacturing, transportation and logistics, and related industries with monthly updates on any action taken by the Trump...more

The Trump Administration’s New Venezuela Sanctions: Top 10 Takeaways

by Latham & Watkins LLP on

President Trump issues an Executive Order prohibiting certain transactions involving the Venezuelan government and state-owned or state-controlled entities. Key Points: ..The Executive Order imposes new sanctions that...more

Significant New Russia, Iran and North Korea Sanctions Legislation Signed Into Law

by K&L Gates LLP on

On August 2, 2017, President Trump signed into law the Countering American’s Adversaries Through Sanctions Act (the “Act”). Passed by overwhelming bipartisan majorities in both Houses of Congress, the Act combines several...more

UK publishes position paper on "Continuity in the availability of goods for the EU and the UK"

by Hogan Lovells on

In a position paper published on Monday (21 August 2017), the UK Government has outlined its priorities for the upcoming negotiations in respect of the availability of goods and services following the UK's withdrawal from the...more

The Trump Administration Set to Renegotiate NAFTA

by Cozen O'Connor on

The North American Free Trade Agreement (NAFTA) is a trade deal that President Trump has been highly critical of, especially while campaigning. Trump once referred to NAFTA as the “worst trade deal” ever signed by the United...more

Six Crucial Points About the New Russia, Iran and North Korea-Related Sanctions Law

Russia-Related Sanctions Codification: The new law codifies sanctions executive orders related to circumstances in Ukraine and Crimea as well as certain cyber-enabled activities, restricting the U.S. President's authority to...more

New Sanctions Law: Congress Seeks to Limit President Trump’s Ability to Modify U.S. Policy Toward Russia

by Baker Donelson on

On August 2nd, President Trump signed into law the “Countering America’s Adversaries Through Sanctions Act” (H.R. 3364), which gives the President the power to solely waive or terminate sanctions against Russia if Congress...more

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