On October 13, 2020 the World Trade Organization (WTO) issued its latest ruling in the long-standing Boeing-Airbus dispute, granting the EU the authority to impose compensatory tariffs totaling up to US$4 billion on US goods in response to allegedly illegal subsidies provided to Boeing. Once again, US exporting companies find themselves in the crosshairs, as … Continue Reading
Status: Clearance Acquirer: ProSiebenSat.1 Media SE (Germany) and General Atlantic Coöperatief U.A. (The Netherlands) Acquired: The Meet Group, Inc. (US) Value: $500 million (Approx.) Industry: Software; Information Services… Continue Reading
A complimentary invitation for the European Society of International Law (ESIL), Economic Law Interest Group’s online workshop, “International Economic Law between Emergencies and Reforms” for September 9, 2020 from 9:30-17:00 CEST is enclosed.… Continue Reading
On May 5, 2020, the European Commission published (i) the Communication of the Action Plan (AP) for a comprehensive EU policy on the prevention of money laundering and financing terrorism (AML/CFT); (ii) the Delegated Regulation updating the countries identified as high risk countries for AML/CFT; and (iii) the methodology for the identification of high risk … Continue Reading
The EU’s trade commissioner had urged member states to ramp up screening levels of foreign direct investment (FDI) in order to prevent predatory takeovers of key businesses during the coronavirus pandemic.… Continue Reading
The EU-27 and the UK have exchanged draft negotiating texts on their future trading relationship following the UK’s decision to leave the EU, indicating a polarity about how both sides see this future relationship.… Continue Reading
On March 25, 2020, the European Commission published a Guidance addressed to Member States on the application of foreign direct investment (FDI) Screening Regulation 2019/452 in the EU and restrictions on free movement of capital from third countries. The Guidance relates to the Coronavirus Disease 2019 (COVID-19) pandemic. … Continue Reading
This post is being published for The Trade Practitioner to highlight our global effort to provide support and advice to help businesses navigate legal issues and manage risk. Please visit our Coronavirus COVID-19 resource hub for additional information. The recent outbreak of the coronavirus disease 2019 (COVID-19) has rapidly evolved from a local issue to … Continue Reading
This post is being published for The Trade Practitioner as part of a content partnership with our Madrid office. Please contact José María Viñals with any questions. Spain is the second most affected country in Europe in relation to the coronavirus disease 2019 (COVID-19), with an increasing number of people becoming infected. Click on the … Continue Reading
This post is being published for The Trade Practitioner as part of a content partnership with our International Policy Practice. Please contact Matthew Kirk with any questions. We are being asked with increasing frequency by companies whether, in the context of coronavirus disease 2019 (COVID-19) lockdowns, their business counts as an “essential service”. This … Continue Reading
On March 11, 2020, President Trump announced via a nationally televised address that effective from 11:59 p.m. EDT, March 13, 2020, he would suspend or limit travel into the US from foreign nationals who have recently been in certain European countries in an effort to curtail the person-to-person transmission of the COVID-19 coronavirus in the … Continue Reading
Discussed in this post: Decree n°2019-1590 of 31 December 2019 relating to foreign investments in France Order of December 31, 2019 relating to foreign investments in France… Continue Reading
Amidst the new coronavirus outbreak, it has become apparent globally that prices at some retailers and online platforms for coronavirus-related products – such as hand sanitiser gel and respiratory masks – have increased sharply.… Continue Reading
After a lengthy procedure and a few unexpected changes within the commissioners list from below (i.e. rejection of the French, Romanian and Hungarian nominees) which led to a delay of the prompt start of the new commission mandate, the new Ursula von der Leyen (VDL) Commission officially took office on December 1, 2019, without a … Continue Reading
The UK has reportedly suspended the granting of arms export licenses for Turkey in relation to weapons that could potentially be used for military operations in Syria. The suspension follows British ministers ordering a full review into Turkish arms licenses. Liz Truss, the UK’s International Trade Secretary, commented that the International Trade Department “will take into account any developments in the … Continue Reading
On September 16, 2019, the EU issued a council decision amending the Common Position 2008/944/CFSP and defining the common rules governing control of exports of military technology and equipment. … Continue Reading
EU extends sanctions with respect to actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. … Continue Reading
In response to the most recent developments in the Syrian conflict, the Council of the EU decided to halt arms exports licensing to Turkey on October 2019. This decision is based on the criterion that such exports could endanger regional stability. This decision is not a formal sanction, but it is a political declaration to which EU member states will … Continue Reading
On October 14, 2019, the EU published a regulation concerning restrictive measures in view of the situation in Nicaragua. The EU sanctions target persons and entities responsible for human rights violations or abuses, the repression of civil society and democratic opposition in Nicaragua, as well as persons and entities whose actions, policies or activities otherwise undermine democracy and the rule of … Continue Reading
In October, the US Trade Representative (USTR) announced that the US had won the largest arbitration award in the World Trade Organization’s (WTO) history, in its dispute with the EU over illegal subsidies to Airbus. The decision awarded US$7.5 billion, which is nearly twice the next largest award. The arbitrator calculated the amount of the award based on WTO findings … Continue Reading
On September 4, 2019, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) published in the Federal Register a new final rule on the Nicaragua Sanctions Regulations, 31 C.F.R. Part 582 (Nicaragua Regulations), which implement Executive Order (EO) 13851 of November 27, 2018, “Blocking Property of Certain Persons Contributing to the Situation in Nicaragua”. The Nicaragua Regulations mirror the substance … Continue Reading
The Trump Administration issued an Executive Order (EO) on October 14, 2019, that authorized US Department of the Treasury (Treasury) and US Department of State to impose sanctions on various Turkish individuals and entities involved in the conflict in Northern Syria. The same day that the EO was issued, Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and two entities as … Continue Reading
The UK government has published the proposed customs duty rates that will apply to imported merchandise entering the UK from third countries after the country has left the European Union (EU) under a so-called no-deal scenario. Unless recent political developments require the UK government to extend that deadline, it has been indicated that the UK … Continue Reading
