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EU Commission Updates Guidance on FDI Screening in the EU; Citing COVID-19 Concerns

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

Italy and COVID-19: Legal Overview on Key Business Issues

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

Coronavirus Disease 2019 (COVID-19) – Legal Issues in Spain

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

COVID-19 – How Do I Know If What I Do Is An Essential Service

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

Coronavirus and Trade – US and EU Travel Bans

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

European Commission – Get to Know the Ursula von der Leyen (VDL) Commission and Priorities

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

Recording Now Available: Boris’s Brexit: A Roadmap to a New US-UK Free Trade Agreement? – Panel Discussion – Oct. 23, 2019 – Washington DC

Watch a recording of our panel discussion from October 23, 2019 in Washington DC that examined some of the most critical aspects of Brexit and their short- and medium-term implications, including a potential roadmap to a US-UK free trade agreement, and what the impact of a possible Jeremy Corbyn government might mean for US-UK relations.… Continue Reading

UK Suspends Arms Exports to Turkey

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

EU Decides to Suspend Issuance of License for Arms Export to Turkey

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

EU Publishes Regulation Concerning Restrictive Measures in Nicaragua

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

US Wins Award in Airbus Subsidies Case

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

OFAC Implements Sanctions on Nicaragua

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

Update: Turkey’s Actions Spur Transatlantic Sanctions Response

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

UK Government Releases Custom Duty Rates in the Event of Hard Brexit

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

CFIUS Filing Clearance: Edwards Vacuum, Atlas Copco and Brooks Automation’s Semiconductor Cryogenics Business

Status:  Clearance   Acquirer:  Edwards Vacuum LLC (US); Atlas Copco AB (Sweden) Acquired:  Semiconductor cryogenics business of Brooks Automation, Inc. (US) Value:  US$675 million Industry:  Industrial Products and Services… Continue Reading

Prime Minister May Resigns – Another Twist in the Brexit Saga: What Does This Mean for Trade?

By now, avid watchers can agree that Prime Minister May’s resignation will further complicate the already-complex Brexit landscape. Her tenure in office had been looking increasingly challenged for some time. The immediate trigger for her resignation was her final attempt to get her Brexit deal done, which included the offer of the possibility of a … Continue Reading

Brexit Insights: Transatlantic Perspectives – NEW Perspective: Spain

Our Brexit team resides on both sides of the Atlantic and has multifaceted expertise to help you with any aspect of your Brexit planning and preparation. We have sectoral and subject expertise, backed by political and legal understanding and technical ability for in-depth analysis, which together can ensure you are properly informed and prepared for … Continue Reading

President Trump: “When It Comes to Leverage, Tariffs Are King” – What You Need to Know

Since taking office in January 2017, President Trump has made use of several provisions of US law – including Section 301, targeting unfair trade practices, and Section 232, targeting threats to national security – to bring trading partners to the negotiating table. Major developments over the last two weeks could impact global supply chains across a wide range … Continue Reading
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