A recent lawsuit by patent monetization company Arigna Technology Limited against Longford Capital has unveiled significant terms of the litigation funder’s relationship with high-profile boutique law firm Susman Godfrey. The suit was confidentially submitted to Delaware’s U.S. District Court last week. Arigna, an affiliate of Dublin-based patent monetization specialist Atlantic IP Services Ltd, has sued…
International law firm Reed Smith LLP is currently embroiled with a UAE shipping company over a £21 million ($26.3 million) sum. The money was initially frozen by Barclays due to potential violations of U.S. law prompting the shipping firm to press charges against Reed Smith. The law firm has now responded, arguing that it cannot…
A New York federal judge has recently questioned the validity of legal citations provided by one of Michael Cohen’s attorneys. The attorney was ordered to produce copies of what the court perceives as fictional cases cited in a motion. Illustrating the rising issue, some legal professionals have been misled by AI technologies that can unexpectedly…
Interpreting the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency requires clarity and a unified approach by courts across the world. When dealing with cross-border restructuring or insolvency proceedings of corporate groups, it is essential for courts to provide an orderly restructuring or liquidation that is consistent across various jurisdictions….
In a recent legal case, a bank was accused of breaching contract due to its refusal to make a payment under a confirmation to a letter of credit. The bank defended its decision on the grounds of a sanctions prohibition, however, a court has ruled against them. This case shines a spotlight on key legal…
The Practising Law Institute (PLI) is set to host a hybrid event titled “Coping with U.S. Export Controls and Sanctions 2023” on December 14th and 15th in Washington, DC. As reported by JD Supra, this educational event comes with a rich history, having evolved over 25 years into this go-to program on trade control laws…
In a significant move in Singapore’s investment landscape, The Ministry of Trade and Industry (MTI) recently introduced the Significant Investments Review Bill (the Bill) to parliament. As per the details made available on JD Supra, this legislation is aimed at protecting the national interests of the city-state by scrutinizing substantial investments into, and control over,…
Middle Eastern wealth funds are reportedly facing a higher level of scrutiny from the Biden administration when it comes to US deals. This is part of a wider pushback on entities believed to maintain close ties with Beijing. This information comes from unnamed sources claiming direct knowledge of the situation. The Committee on Foreign Investment…
According to the latest CBP Trade and Travel Report from U.S. Customs and Border Protection, the quantity of antidumping and countervailing duty (AD/CVD) orders that the agency has enforced has doubled over the past six years. This significant increase roughly aligns with the enactment of the Enforce and Protect Act (EAPA) in 2015. The EAPA…
The U.S. International Trade Commission (ITC) has a strong jurisdiction that empowers it to block the importation of goods identified to have breached Intellectual Property (IP) rights or misappropriated trade secrets. The reach is so extensive that it can prohibit products developed through trade secret misappropriation, even in cases where the misappropriation was an extraterritorial…
Broadcom Inc.’s $61 billion merger with software maker VMware Inc. has taken a significant step forward in its progress, albeit with a caveat. In order for the merger to successfully obtain approval from Chinese regulators, a specific set of conditions must be met. Unfortunately, the details of these conditions have not been disclosed, leaving the…
Kim & Chang, South Korea’s most prominent law firm, has recently appointed Eric Yoon, the former Seoul head of U.S. law firm K&L Gates. Kim & Chang is one of the top 100 firms worldwide in terms of revenue, and Yoon will join the company’s financial regulation and compliance practice as a foreign attorney based…
The owner of several “Baby Shark” trademarks has secured a notable victory, with a default judgement against multiple Chinese companies. The latter group has been legally barred from either selling or producing any products that echo the marks, particularly after a federal judge declared them in default. A significant sum was involved in this legal…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has announced an easing of certain sanctions on the oil and gas and gold sectors in Venezuela. This development, which took place on October 18, 2023, came in the wake of a political agreement known as the “Electoral Roadmap” that was reached between…
As we enter the festivity-filled end of the year season, it seems fitting to discuss unconventional but effective methods of communicating about international regulatory compliance. An interesting approach can be seen in the recent Thanksgiving-themed International Trade Update, where the interplay between legal regulations and art was cleverly used as an instructional device. Let’s look…
In an important update on the international trade, enforcement and compliance landscape, major changes are shaping the legal scope and implications for corporations undertaking global trade operations. As reported on JD Supra, part of the developments presently unfolding involve the role of whistleblowers in enforcing the US laws under the False Claims Act (FCA). For…
On November 13, 2023, a significant decision was issued by the US Court of Appeals for the Federal Circuit (CAFC). The court resolved the case of Solar Energy Indus. Ass’n v. United States, affirming the President’s rights to adjust or change trade policy measures currently in action. This judgment has a significant impact, particularly on…
In response to the intensifying crisis in Ukraine linked to Russian aggression, a global coalition comprising Australia, Canada, New Zealand, the United Kingdom, and the United States – referred to as the ‘Export Enforcement Five’ (E5) – issued direction with the aim of impairing Russia’s military capabilities. This took place on September 26, 2023. The…
October’s International Trade Commission (ITC) monthly wrap-up revealed several interesting developments in the global legal landscape. Paramount among these was the Commission’s decision regarding Certain LIDAR (Light Detection and Ranging) Systems and Components Thereof, identified as Inv. No. 337-TA-1363. In a noteworthy turn of events, the ITC opted to affirm the administrative law judge’s decision…
In a recently published analysis regarding the ongoing Russia-Ukraine conflict, it has been suggested that there is a growing focus on establishing a format for aggrieved parties to assert their economic claims against Russia, in the wake of the country’s invasion of Ukraine. This paper, produced by legal firm Paul Hastings LLP, carries a great…
In a captivating development in the world of international commerce and trade law, the case of United States v. Shih has emerged as a remarkable example of the intricacies entailed when dealing with export control laws. The case revolves around the convict Yi-Chi Shih, who has been indicted on multiple charges, including the violation of…
In early November 2023, a significant response was submitted to public comments directed at the joint call by United States Patent and Trademark Office (USPTO), the International Trade Administration (ITA), and the National Institute of Standards and Technology (NIST). These organisations had previously requested public opinions regarding standards-related issues. Responding to this call, substantial public…
Sullivan & Worcester’s partner Geoffrey Wynne has been instrumental in assisting the International Trade & Forfaiting Association (ITFA) with a significant update to its Digital Negotiable Instruments (DNI) Handbook, the law firm recently revealed in a statement. With an extensive knowledge base on trade and export finance matters, and a special focus on structured trade…
In the latest episode of Talking Ag Biotech, Keith Matthews was joined by Kimberly Reynolds of Wiley’s International Trade practice to discuss the establishment of a new dispute resolution panel. This panel is a recent development amidst the ongoing genetically engineered (GE) corn dispute between the United States and Mexico under the U.S.-Mexico-Canada Agreement (USMCA)….
Export controls are a critical aspect of international trade and they can lead to contentious legal disputes that often make headlines. They are especially important for corporations and law firms involved in international transactions. To illustrate the significance of these issues, let’s discuss 20 cases related to export controls. One of the most noteworthy of…