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|U.S. Business Embraces President’s Plan For A New Course On Cuba|
Jose A. Aquino; Duane Morris LLP;
February 17, 2015, previously published on December 18, 2014Yesterday, President Obama announced wide-ranging adjustments of US policy towards Cuba including opening an embassy in Havana. The Obama Plan involves a series of measures aimed at increasing trade between the two countries. The basic premise of the plan is to permit certain exports to Cuba, relax...
|South Africa’s Public Protector Thuli Madonsela Wins Transparency International’s Annual Integrity Award|
Benjamin B. Tymann; Greenberg Traurig, LLP;
December 10, 2014, previously published on October 24, 2014Last week the international anti-corruption body Transparency International (TI) awarded its annual Integrity Award to Thuli Madonsela, South Africa’s Public Protector. The Berlin-based organization is best known for its yearly Corruption Perceptions Index ranking levels of corruption in each...
|Increased Enforcement Efforts, Procedural Changes Lead to Delays|
Fragomen Del Rey Bernsen Loewy LLP;
November 24, 2014, previously published on November 17, 2014The Kenya Department of Immigration Services (DIS) recently began to more strictly enforce local understudy requirements for work permits and implemented changes to permit application procedures. As a result, employers are experiencing application processing delays and an increase in permit denials.
|The Failure of International Organizations to Prevent War|
Eric J. Sinrod; Duane Morris LLP;
November 17, 2014, previously published on October 15, 2014World 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.
|US Loses WTO Battle Over Country-of-Origin Labeling Requirements for Meat Products|
Duane W. Layton, Kelsey M. Rule, Paulette Vander Schueren; Mayer Brown LLP;
October 28, 2014, previously published on October 23, 2014A 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...
|First-Ever Class Action Filed in France|
Ozan Akyurek, Clemence de Perthuis; Jones Day;
October 27, 2014, previously published on October 2014On 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...
|Fourth 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;
October 22, 2014, previously published on October 15, 2014On 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...
|BEPS 2014 Deliverables - OECD Releases First Set of Recommendations|
TJ Kang, Brian O'Neill; McCarthy Tétrault LLP;
October 22, 2014, previously published on October 15, 2014Canada 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...
|Puerto 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;
October 16, 2014, previously published on September/October 2014On 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),...
|MTC 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;
October 9, 2014, previously published on October 6, 2014On 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...