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Adobe PDFUS Supreme Court Further Limits Jurisdictional Reach of the US Courts Over Foreign Torts
Lea Haber Kuck, Timothy G. Nelson; Skadden, Arps, Slate, Meagher & Flom LLP;
Legal Alert/Article
February 3, 2014, previously published on January 16, 2014
The U.S. Supreme Court began 2014 by issuing a decision limiting the ability of plaintiffs to assert tort claims against foreign corporations in the U.S. courts based on events occurring outside the United States. In Daimler AG v. Bauman, the Court held that federal due process prevents a court...


HTMLUS Implements the P5+1 Joint Plan of Action with Iran
Dentons Canada LLP;
Legal Alert/Article
January 31, 2014, previously published on January 23, 2014
On Monday, January 20, the US Department of the Treasury ("Treasury") released much-anticipated guidance on its implementation of the Joint Plan of Action ("JPA") agreed to by the US, UK, France, China, Russia, and Germany (collectively the "P5 + 1") and Iran on...


HTMLOFAC Publishes Key Guidance Related to the Lifting of Certain Sanctions on Iran
Duane Morris LLP;
Legal Alert/Article
January 31, 2014, previously published on January 22, 2014
The United States will continue to take enforcement action against those who seek to evade or circumvent sanctions.


HTMLSupreme Court Grants Certiorari to Argentina in Discovery Case
Bruce A. Wolfson; Bingham McCutchen LLP;
Legal Alert/Article
January 15, 2014, previously published on January 13, 2014
As widely anticipated, on Friday, January 10, the Supreme Court agreed to hear Argentina’s Foreign Sovereign Immunities Act (FSIA) challenge to a discovery order entered by the Southern District and affirmed by the Second Circuit.


HTMLWhat Canadian Companies Can Learn from Alcoa’s US$384 Million Anti-Corruption Fine
Brandon Barnes, Graham Erion, Jeffrey Horswill, Jeffrey D. Horswill, John Munnis; Davis LLP;
Legal Alert/Article
January 14, 2014, previously published on January 14, 2014
The U.S. Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) sent a stern warning to companies engaged in international trade last week with a settlement, disgorgement of profits and fines worth a combined US$384 million against Alcoa Inc....


HTMLCanada Ratifies World Bank’s Treaty on Investment Disputes
Barry Leon, John Siwiec; Perley-Robertson, Hill & McDougall LLP/s.r.l.;
Legal Alert/Article
January 6, 2014, previously published on December 30, 2013
On December 1, 2013, Canada became the 150th country to join the Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (“ICSID Convention”). Canada’s ratification of the Convention will reduce the risks to Canadian companies investing...


HTMLDebate Concerning Renewal of African Growth and Opportunity Act Has Begun
Singleton B. McAllister, Evelyn M. Suarez; Williams Mullen;
Legal Alert/Article
December 18, 2013, previously published on December 17, 2013
Signed into law by President Clinton on May 18, 2000 and subsequently expanded, the African Growth and Opportunity Act (AGOA) is a unilateral system of trade preferences that allows thousands of types of goods produced in Sub-Saharan Africa to be imported duty-free to the United States.


HTMLAustralian Court Issues Freezing Order in Aid of Foreign Proceedings—What's Good for the Goose Will Be Good for the Gander
Steven W. Fleming, Tony Wassaf; Jones Day;
Legal Alert/Article
December 10, 2013, previously published on December 2013
A Swiss incorporated subsidiary of Severstal, a Russian steel manufacturer, and Bhushan, an Indian company, are in dispute about shipments of steel by Severstal from Russia to Bhushan's Indian plant. Proceedings in relation to this dispute have been determined in Switzerland and are also ongoing in...


HTMLChina Unveils Preferred Share Pilot Program for Listed Companies and Non-Listed Public Companies
Brian D. Beglin, Jin Wang, Xiaowei Ye; Bingham McCutchen LLP;
Legal Alert/Article
December 9, 2013, previously published on December 6, 2013
On November 30, 2013 the State Council issued Guiding Opinions on Launching Pilot Program for Preferred Shares (the “Opinions”), which set forth 16 guidelines concerning the rights and obligations of preferred shareholders, the issuance and trading of preferred shares, and associated...


HTMLSub-Saharan Africa's Performance in this Year's Corruption Perception Index
Matthew J. Cannon, D. Porpoise Evans, Alais L. M. Griffin, Benjamin B. Tymann; Greenberg Traurig, LLP;
Legal Alert/Article
December 9, 2013, previously published on December 5, 2013
The Corruption Perceptions Index (CPI), published annually by Transparency International, scores 177 countries and territories on their perceived level of public sector corruption using a scale from 0 (highly corrupt) to 100 (very clean). This highly-respected annual perception ranking draws its...


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