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HTMLThe Failure of International Organizations to Prevent War
Eric J. Sinrod; Duane Morris LLP;
Legal Alert/Article
November 17, 2014, previously published on October 15, 2014
World War I was supposed to be the “war to end all wars.” And the League of Nations and the subsequent United Nations were designed to keep countries at peace. But unfortunately, wars are still part of the international landscape, including the emerging threat of cyberwarfare.

 

HTMLUS Loses WTO Battle Over Country-of-Origin Labeling Requirements for Meat Products
Duane W. Layton, Kelsey M. Rule, Paulette Vander Schueren; Mayer Brown LLP;
Legal Alert/Article
October 28, 2014, previously published on October 23, 2014
A World Trade Organization (“WTO”) panel has ruled that the United States’ amended country-of-origin labeling (“COOL”) requirements for beef and pork products not only fell short of bringing it into compliance with prior rulings but, in fact, worsened the United...

 

HTMLFirst-Ever Class Action Filed in France
Ozan Akyurek, Clemence de Perthuis; Jones Day;
Legal Alert/Article
October 27, 2014, previously published on October 2014
On October 1, 2014, the French accredited consumer association UFC-Que Choisir filed the first class action (action de groupe) in France. This action was filed against FONCIA, a company specialized in residential property management and real estate services, on the same day class action lawsuits...

 

HTMLFourth Protocol to Canada-UK Treaty Eliminates Withholding Tax on Arm’s Length Interest, but Preserves Tax Exemption for Gains on Disposition of Shares and Interests Deriving Value from Canadian Real Property
Elaine Buzzell, Nigel P.J. Johnston; McCarthy Tétrault LLP;
Legal Alert/Article
October 22, 2014, previously published on October 15, 2014
On July 21, 2014, the governments of Canada and the United Kingdom signed the fourth protocol (Protocol) amending the Convention between the Government of Canada and the Government of the United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double Taxation and the Prevention of...

 

HTMLBEPS 2014 Deliverables - OECD Releases First Set of Recommendations
TJ Kang, Brian O'Neill; McCarthy Tétrault LLP;
Legal Alert/Article
October 22, 2014, previously published on October 15, 2014
Canada and other members of the Organisation for Economic Co-operation and Development (OECD) and the G-20 are engaged in a project to address “base erosion and profit shifting” (BEPS) strategies used by multinational enterprises (MNEs) and are working to achieve the goals set out in...

 

HTMLPuerto Rico—Although Puerto Rico is an Unincorporated Territory of the United States Rather than a Sovereign, the Financial Troubles of the Beleaguered Caribbean Commonwealth Have Received a Great Deal of Attention Lately.
Mark G. Douglas; Jones Day;
Legal Alert/Article
October 16, 2014, previously published on September/October 2014
On June 28, 2014, Puerto Rican governor Alejandro García Padilla gave his imprimatur to legislation that creates a judicial debt relief process for certain public corporations, including the Puerto Rico Electric Power Authority (PREPA), the Puerto Rico Aqueduct and Sewer Authority (PRASA),...

 

HTMLMTC Meets With Economic Firms to Continue Its Transfer Pricing Effort
Michele Borens, Jonathan A. Feldman, Jeffrey A. Friedman, Todd A. Lard, Carley A. Roberts; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
October 9, 2014, previously published on October 6, 2014
On October 6, the Multistate Tax Commission Arm’s-Length Adjustment Service Advisory Group (the “Group”) met in Atlanta, Georgia, to continue its foray into transfer pricing audits. The Group first met in June and has met several times to discuss how—and to what...

 

HTMLWho’s a “Foreign Official”? Supreme Court Could Clarify Key FCPA Term
Fatema K. Merchant; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
October 9, 2014, previously published on September 18, 2014
On August 14, 2014, Joel Esquenazi and Carlos Rodriguez filed a Petition for a writ of certiorari in the U.S. Supreme Court seeking clarification of a key term in the Foreign Corrupt Practices Act. Among other arguments, Esquenazi and Rodriguez (the “Petitioners”) state that the FCPA...

 

HTMLU.S. Regulations Can Raise Risks for Reshoring and Next-Generation Manufacturing
Gregory Husisian; Foley & Lardner LLP;
Legal Alert/Article
October 3, 2014, previously published on October 1, 2014
More than a third of United States businesses are either bringing back or considering bringing back manufacturing activity to the U.S. through “reshoring.” Although one would think that bringing production back to the U.S. would minimize the impact of U.S. regulations of international...

 

HTMLLessons from GlaxoSmithKline’s Record $492 Million Bribery Fine in China
Graham Erion, Weiguo (William) He, Matthew A. Kersten; Davis LLP;
Legal Alert/Article
September 25, 2014, previously published on September 23, 2014
On September 19, 2014, pharmaceutical giant GlaxoSmithKline plc (GSK) announced that its Chinese subsidiary had been found guilty of bribing health officials in the country and was forced to swallow a 3 billion yuan ($492 million CDN) penalty, the largest corporate fine in China’s history....

 


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