In the week of February 1, 2021, here are key developments in transatlantic trade: The EU’s COVID-19 vaccine export control mechanism is unable to escape ongoing criticism and a proposal was raised that would invoke Article 16 of the Northern Ireland Protocol, increasing UK-EU tension Lawmakers in the US attempt to move the “American Rescue … Continue Reading
This week in transatlantic trade: Countries on both sides of the Atlantic are accelerating their efforts to stave off the spread of the COVID-19 variants by speeding up vaccination and adding travel restrictions The EU intends to increase export transparency on COVID experimental vaccines produced within its boundaries; and the European Commission is going to … Continue Reading
Despite the Congressional recess and continued focus on COVID-19 economic relief, Trump officials announced several major trade actions over the last week that could impact global trade and supply chains. Here is a quick round-up of recent developments and what may be coming next.… Continue Reading
The corona pandemic, the ongoing Brexit and the emerging dominance of China in global markets are among the issues that pose multifaceted challenges for international trade relations. At a time when new Free Trade Agreements are being negotiated, we would like to examine how international trade can be shaped in the “World of New Normal” … Continue Reading
COVID19 brought out to light various vulnerabilities in different realms of our lives. Some business and industry sectors have become especially fragile due to an unexpected, unrelenting and active pandemic. Please join our trade practitioner, José María Viñals, for the FIDIC (international Federation of Consulting Engineers) COVID-19 webinar series focusing on “Clients, investors and developers’ … Continue Reading
On Thursday, May 7 at 10 a.m. EDT (16:00 CEST), José María Viñals, trade practitioner based in our Madrid and Brussels offices, will moderate a panel discussion on the economic and trade impact of the coronavirus disease 2019 (COVID-19) on Latin America.… Continue Reading
On 29 April 2020, the French Treasury announced additional emergency measures undertaken to strengthen its national foreign direct investment (FDI) screening mechanism.… Continue Reading
UPDATE: On April 29, 2020, the US Department of the Treasury (the Treasury) issued an interim rule, effective May 1, 2020, concerning applicable filing fees for formal notice filings with the Committee on Foreign Investment in the United States (CFIUS or Committee), essentially implementing the proposed rule issued on March 9, 2020.… 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
Countries around the world continue to enact policies aimed at mitigating the spread of COVID-19 that both recognize the importance of trade to their respective economies, but also seek to address domestic demand for key goods – especially medical supplies – related to the crisis. Similarly, some recent government policies around the world have shifted … Continue Reading
On April 10, 2020, the Federal Emergency Management Agency (FEMA) published a temporary final rule to restrict the US exports of personal protective equipment (PPE) in order to preserve certain scarce medical resources for the domestic battle against the coronavirus disease 2019 (COVID-19).… Continue Reading
As world leaders and healthcare professionals respond to the COVID-19 pandemic, businesses around the world have been forced to adapt to new restrictions, unpredictable supply chains and a limited workforce. For medical and pharmaceutical products, demand is high and the efficient movement of inputs is critical. For many other industries, dwindling consumer demand is already … 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
Effective at midnight China Standard Time on Saturday, March 28, 2020, China is temporarily suspending the entry of foreign nationals who hold a valid ordinary visa or residence permit.… 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
The coronavirus’ impacts on global shipping are growing every day. While borders around the world generally remain open for cargo at this time, the cost of trans-Pacific and -Atlantic shipping of goods has increased substantially as a result. … 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
On March 20, 2020, Under Secretary of Defense for Acquisition and Sustainment Ellen Lord issued a memorandum to the Defense Industrial Base (DIB), clarifying what is considered the Essential Critical Infrastructure Workforce in light of the coronavirus disease 2019 (COVID-19) (the “Memo”). The Memo can be found here.… Continue Reading
This post is being published for The Trade Practitioner as part of a content partnership with our COVID-19 resource hub. Please contact Danielle Asaad, Pablo E. Carrillo and Kirk Beckhorn with any questions. As we start this week, lawmakers on Capitol Hill continue their efforts to overcome differences on the proposed legislation to provide emergency … Continue Reading
This post is being published for The Trade Practitioner as part of a content partnership with our Global Supply Chain Law Blog. The impact of the COVID-19 pandemic on the global economy needs not restating. The saying “desperate times call for desperate measures” fits the current environment well. Governments throughout the world have instituted or are considering … Continue Reading
What Has Changed? Up to now, European Governments have followed an approach to tackling Coronavirus Disease 2019 (COVID-19) based on three main elements: closing down the main public interactions (retail, hospitality, sports) except those necessary for food and healthcare; encouraging/requiring people to work remotely where they can, and to stay away from work if not … Continue Reading
This post is being published for The Trade Practitioner as part of a content partnership with the Global Supply Chain Law Blog. Please contact Sarah Rathke with any questions. This week, we anticipate that states and municipalities will likely issue a number of “stay-at-home orders” that will require the temporary closure of businesses not deemed … Continue Reading
