Status: Clearance Acquirer: Canadian Pacific Railway Limited (Canada) Acquired: Kansas City Southern (US) Value: US$29 billion Industries: Transportation; Infrastructure; Railway Update: On August 16, 2022, Canadian Pacific Railway Limited (TSX: CP; NYSE: CP) announced that “it has received the required regulatory clearance from the Committee on Foreign Investment in the United States (“CFIUS”) for the … 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
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
Executive Order (EO) 13867 is the most recent in a series of EOs issued by President Trump in an effort to cut through red tape in infrastructure permitting – particularly for energy infrastructure and even more particularly for energy export infrastructure.… Continue Reading
On September 13, 2017, the European Commission published the draft of the EU regulation establishing a common European framework for the review of incoming foreign direct investment (FDI), akin to the process in the US administered by Committee on Foreign Investment in the US (CFIUS).… Continue Reading
Status: Clearance Acquirer: NOVA Chemicals, Inc. (Canada); International Petroleum Investment Company (UAE) Acquired: Williams Olefins LLC (US) Value: Approx. US$2.1 Billion Industry: Chemicals… Continue Reading
On February 28, 2017, his 40th day in office, President Donald J. Trump made his first appearance before a joint session of Congress. In his speech, he set forth his vision for what he expects to accomplish in the next 40 days and beyond.… Continue Reading
On Tuesday, January 17, 2017, the Treasury Department’s Office of Foreign Assets Control (OFAC) will publish in the Federal Register a far-reaching amendment to its Sudanese Sanctions Regulations (SSR), 31 CFR Part 538. While styled as a “general license,” the amendment will have the practical effect of terminating the embargo of Sudan that the US … Continue Reading
Likely Major Policy Developments President-Elect Trump will enter the White House facing a dramatic decline in global trade growth. A recent World Trade Organization (WTO) report notes that 2016 marks the slowest pace of trade and output growth since the 2008 financial crisis. WTO Director-General Roberto Azevêdo called slowing trade growth “a wake-up call,” … Continue Reading
G-7 Leaders’ Declaration. The G-7 Leaders’ Declaration issued on Friday from Ise-Shima, Japan, touched on topics such as the global economy, trade, maritime security, cyberspace, anti-corruption, infrastructure, global health challenges, climate change and female empowerment. The Leaders advocated TPP member states ratify the agreement, while also addressing the global excess steel capacity issue, government subsidies … Continue Reading
Congress reconvened last Monday after a week-long recess for the US Thanksgiving holiday. There are several priority – or “must pass” – bills facing lawmakers. Only a limited number of legislative working days, however, remain before the first session of the 114th Congress concludes, which is expected to be no later than 18 December 2015.… Continue Reading