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International Trade
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January 27, 2025
Ancora Seeks To Make US Steel 'Great Again' With New Board
Ancora Holdings Group on Monday said it plans to make U.S. Steel "great again" by installing a new CEO and board at the company "committed to abandoning" the $14.9 billion proposed merger with Nippon Steel that was blocked by former President Joe Biden earlier this month.
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January 27, 2025
Justices Decline $400M Argentina Bond Default Case
The U.S. Supreme Court on Monday declined to review Argentina's petition asking the justices to clarify the parameters of the commercial activity exception in sovereign immunity law, in a long-running case relating to some $400 million in defaulted sovereign bonds.
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January 24, 2025
Chinese Co. Rips Micron's 'Speculative' Fear Of Sharing Code
Yangtze Memory Technologies on Friday urged the Federal Circuit to leave in place a district court's ruling requiring rival Micron Technology Inc. to turn over its source code in a flash memory chip patent dispute, arguing that Micron's security concerns "are entirely speculative."
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January 24, 2025
11th Circ. Upholds $23M Ruling Against Venezuelan Oil Cos.
The Eleventh Circuit ruled Friday that two Venezuelan oil companies can't reverse a $23 million judgment over breach of contract for the sale of chemicals, saying they waived challenges to personal jurisdiction at key points in the litigation, and the record shows no genuine factual issues surrounding the broken agreements.
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January 24, 2025
Reed Smith Brings Back Tax Pro From Amazon In Brussels
An attorney who specializes in customs, trade and excise tax matters in the European Union and U.K. has rejoined Reed Smith LLP in Brussels after a stint at Amazon, the firm announced.
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January 24, 2025
Aircraft Leasing Co. Battles Insurer's Bid To Strike Witnesses
Aircraft leasing company Avmax is fighting an attempt by HDI Global to strike witnesses Avmax has in its suit over coverage of airplanes stranded in Russia, arguing that the insurer can't claim prejudice when it has four months before trial to speak to the witnesses.
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January 24, 2025
Trial Delayed For Ailing Wife Of Former Sen. Menendez
The bribery and corruption trial of Nadine Menendez, the wife of former U.S. Sen. Robert Menendez, was delayed from Feb. 5 to March 18 by a Manhattan federal judge Friday due to health issues following a cancer diagnosis.
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January 24, 2025
Conn. Oil Trader Says Timing Of Money Moves Sinks Verdict
A onetime Connecticut oil trader has asked a federal judge to erase a September 2024 conviction on charges he used a go-between to bribe an official at Brazilian oil giant Petroleo Brasileiro SA, arguing the jury verdict hinged on third-party wire transfers that occurred beyond the statute of limitations.
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January 24, 2025
Trump Treads Into Murky Waters With TikTok Gambit
Nearly five years after he sought to kill the social media platform TikTok, President Donald Trump has opened his second term with a legally questionable bid to save it, cloaking the app's future in the U.S. market in even more uncertainty.
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January 24, 2025
FBI 'Bait And Switch' Breached Suspect's Rights, Lawyer Says
FBI agents held an Israeli private investigator accused of hacking climate activists in custody without warning him of his right to remain silent, denying him a fair trial if he is extradited to the U.S., a lawyer testified in London on Friday.
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January 24, 2025
Russian Banking Oligarch's Wife Loses Bid To Lift Sanctions
A Ukrainian-Russian tycoon's wife lost her fight to lift U.K. sanctions against her on Friday as an appellate court ruled that the restrictions were a proportionate way of undermining the Kremlin after Russia invaded Ukraine.
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January 24, 2025
Venture-Backed IPO Recovery Could Be Muted, Report Says
The expected recovery for venture-backed initial public offerings in 2025 will likely be muted, a capital markets research firm said Friday, given investors' persistent concerns about valuation and delayed interest rate cuts that may not happen until midyear.
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January 23, 2025
Davis Polk, Skadden Steer LNG Exporter's $1.8B IPO
Liquefied natural gas exporter Venture Global Inc. on Thursday priced an estimated $1.8 billion initial public offering within its downwardly revised range, represented by Davis Polk & Wardwell LLP and underwriters counsel Skadden Arps Slate Meagher & Flom LLP.
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January 23, 2025
Spain Wins Stay In $29M Renewable Award Enforcement Suit
A D.C. federal judge has paused litigation against Spain to enforce an approximately $29 million arbitral award issued to solar energy investors while the country seeks a U.S. Supreme Court review, diverging from the approach taken by a fellow federal judge earlier this month.
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January 23, 2025
Chinese, Thai And Vietnamese Paper Plates Hit With Duties
The U.S. Department of Commerce will impose duties on paper plates from China, Vietnam and Thailand, finding those countries unfairly subsidized that product, giving them an unfair advantage in the U.S. market, according to a statement.
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January 23, 2025
Foreign Workers' RICO Claims Should Advance, Judge Says
A Georgia federal judge has said a proposed class action by Mexican engineers who say they were duped into doing manual labor in the U.S. should largely proceed, finding they have sufficiently backed their state racketeering claims.
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January 23, 2025
Federal Agencies Must Order Full Return To Office By Friday
Federal agencies will order employees to return to the office by Friday at 5 p.m. to end the "national embarrassment" that remote work policies have fueled, the Office of Personnel Management said, following President Donald Trump's executive order.
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January 23, 2025
11th Circ. Pauses Ruling Nixing $440M Cruise Line Penalty
The Eleventh Circuit on Thursday cleared the way for a dock company to appeal to the U.S. Supreme Court after its $440 million judgment against four cruise lines for allegedly "trafficking" in property seized by Cuba was overturned.
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January 23, 2025
NY Federal Judge Urged To OK $149M Grain Exporter Award
Corporate trustee services provider Madison Pacific Trust Ltd. asked a Manhattan federal judge to confirm a $149 million arbitration award that it won from the founders of a Ukrainian grain exporting conglomerate that allegedly failed to pay its debt.
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January 22, 2025
Dubai-Based Exchange Fined $9.2M To End Bank Fraud Probe
A Dubai, United Arab Emirates-based financial services company has agreed to pay $9.2 million to U.S. prosecutors over a U.K. subsidiary's false claims that it was in compliance with anti-money laundering laws, avoiding criminal charges.
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January 22, 2025
Space Explorer Voyager Technologies Confidentially Files IPO
Defense and space exploration company Voyager Technologies Inc. said Wednesday it has confidentially filed plans for an initial public offering, marking the second company from the industry to join the IPO pipeline this week and potentially benefiting from increased government funding for space travel.
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January 22, 2025
Trump Wields Trade Threats To Stifle Russia-Ukraine War
President Donald Trump vowed to hit Russia with "high levels" of sanctions, tariffs and other economic penalties if it does not abandon its nearly three-year military campaign against Ukraine.
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January 22, 2025
Menendez Loses 2nd Bid For New Trial As Sentencing Nears
A Manhattan federal judge on Wednesday denied former U.S. Sen. Bob Menendez's latest motion for a new corruption trial a week before his sentencing, rejecting his claim that the jury could have been swayed by improperly redacted exhibits that were loaded onto a computer containing the evidence in the case.
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January 22, 2025
US, Vietnam Reach Deal To Settle Lengthy Fish Duty Dispute
The U.S. and Vietnam have settled a dispute over American duties on Vietnam's frozen fish fillets that languished at the World Trade Organization for seven years, according to a WTO document circulated Tuesday.
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January 22, 2025
Eurochem Group Founder Loses Bid To Lift EU Sanctions
Russian billionaire Andrey Melnichenko, the founder of fertilizer giant Eurochem Group, lost a bid to have European Union sanctions lifted on Wednesday as a court ruled that they should remain in place.
Expert Analysis
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Considering Possible PR Risks Of Certain Legal Tactics
Disney and American Airlines recently abandoned certain litigation tactics in two lawsuits after fierce public backlash, illustrating why corporate counsel should consider the reputational implications of any legal strategy and partner with their communications teams to preempt public relations concerns, says Chris Gidez at G7 Reputation Advisory.
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How Increased Sanctions Scrutiny Is Affecting Debt Markets
U.S. sanctions and export control regulators have recently taken several steps that broaden financial sector oversight, and banks, lenders and borrowers must adapt their syndication and risk assessment processes in different ways or risk incurring substantial penalties, say Cristina Brayton-Lewis and Kerrick Seay at White & Case.
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It's No Longer Enough For Firms To Be Trusted Advisers
Amid fierce competition for business, the transactional “trusted adviser” paradigm from which most firms operate is no longer sufficient — they should instead aim to become trusted partners with their most valuable clients, says Stuart Maister at Strategic Narrative.
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Commerce Proposal Could Ease Trade Remedy Administration
Recently proposed international trade enforcement regulations could help the U.S. Department of Commerce more easily administer antidumping and countervailing duty remedies, in turn maximizing relief to American companies adversely affected by unfair trade, says Natan Tubman at Buchanan Ingersoll.
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5 Lessons From Consulting Firm's Successful DOJ Disclosure
The Boston Consulting Group recently received a rare declination of prosecution from the U.S. Department of Justice after self-disclosing a foreign bribery scheme, and the firm’s series of savvy steps after discovering the misconduct provides useful data points for white collar defense attorneys, says Jonathan Porter at Husch Blackwell.
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An Overview Of New Export Controls On Advanced Tech
With a new rule that took effect this month, the U.S. Department of Commerce's Bureau of Industry and Security continues to expand export controls on advanced technologies, including semiconductor, additive manufacturing and quantum computing, in coordination with international partners, say attorneys at Arnold & Porter.
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A Preview Of AI Priorities Under The Next President
For the first time in a presidential election, both of the leading candidates and their parties have been vocal about artificial intelligence policy, offering clues on the future of regulation as AI continues to advance and congressional action continues to stall, say attorneys at Mintz.
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How Methods Are Evolving In Textualist Interpretations
Textualists at the U.S. Supreme Court are increasingly considering new methods such as corpus linguistics and surveys to evaluate what a statute's text communicates to an ordinary reader, while lower courts even mull large language models like ChatGPT as supplements, says Kevin Tobia at Georgetown Law.
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Bid Protest Spotlight: Rule Of Two, Post Award, Cost Request
In this month's bid protest roundup, Alissandra McCann at MoFo examines three recent decisions from the U.S. Government Accountability Office, offering distinct reminders for contractors challenging solicitations while an agency takes corrective action, pursuing post-award bid protests and filing timely cost reimbursement requests.
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The Fed. Circ. In August: Secret Sales And Public Disclosures
Two recent Federal Circuit rulings — Sanho v. Kaijet and Celanese International v. ITC — highlight that inventors should publicly and promptly disclose their inventions, as a secret sale will not suffice as a disclosure, and file their patent applications within a year of public disclosure, say Sean Murray and Jeremiah Helm at Knobbe Martens.
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Increased Scrutiny Raises Int'l Real Estate Transaction Risks
Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.
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Trending At The PTAB: Obviousness In Director Reviews
Three July decisions from the U.S. Patent and Trademark Office favoring petitioners indicate a willingness by the director to review substantive issues, such as obviousness, particularly in cases where the director believes the Patent Trial and Appeal Board provided incorrect or inadequate rationale to support its decisions, say attorneys at Finnegan.
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Why Attorneys Should Consider Community Leadership Roles
Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at Kilpatrick.
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Firms Must Offer A Trifecta Of Services In Post-Chevron World
After the U.S. Supreme Court’s Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.
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5 Tips To Succeed In A Master Of Laws Program And Beyond
As lawyers and recent law school graduates begin their Master of Laws coursework across the country, they should keep a few pointers in mind to get the most out of their programs and kick-start successful careers in their practice areas, says Kelley Miller at Reed Smith.