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HTMLWhy South Africa Should Not Be Graduated From AGOA
Evelyn M. Suarez; Williams Mullen;
Legal Alert/Article
February 4, 2014, previously published on January 30, 2014
With attention turned towards the renewal of the African Growth & Opportunity Act (AGOA), some have called for South Africa to be graduated from the duty preference program because of its well-developed infrastructure and labor force. Some have also raised the issue of certain non-tariff...

 

HTMLTrade Facilitation: A Critical Element for Africa’s Place in the Global Value Chain
Evelyn M. Suarez; Williams Mullen;
Legal Alert/Article
February 3, 2014, previously published on January 28, 2014
The case for regional integration in Africa has been made, by Donald Kaberuka, President of the African Development Bank, as well as by other well-known African authorities. So the question that now arises is how can regional integration be accomplished? Large amounts of money - both public and...

 

HTMLMarkets in Financial Instruments Directive (MiFID) II Update
Bingham McCutchen LLP;
Legal Alert/Article
February 3, 2014, previously published on January 22, 2014
After two years of discussion and negotiation, it was announced on 14 January 2014 that the European Commission, European Parliament and the Council of the European Union have reached informal political agreement on “MiFID II”, the package of reforms and amendments to the Markets in...

 

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.

 


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