April 2021 International Trade Compliance Update
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Emerging Markets M&A Review
Emerging Markets M&A Review FULL YEAR 2020 | LEGAL ADVISORS Emerging Markets Mergers & Acquisitions Review Full Year 2020 | Legal Advisors Emerging Markets Deals Intelligence Emerging Markets Announced Target M&A $1,000 16,000 EMERGING MARKETS DEAL MAKING FALLS 5%; SECOND HALF REBOUNDS 46% M&A activity with emerging markets involvement totaled US$955.1 billion during full year 2020, a 5% $900 14,000 decline compared to 2019 levels and the slowest annual period for emerging markets deal making since 2014. The second half of 2020 registered a 46% increase compared to the first half of the year, marking $800 the strongest six-month period for emerging markets M&A since 2015. By number of deals, emerging 12,000 markets deal making declined 6% compared to full year 2019, a six-year low. $700 10,000 $600 ENERGY & POWER, FINANCIALS & TECH LEAD EMERGING MARKETS SECTOR MIX Deal making in the Energy & Power sector totaled US$173.9 billion during full year 2020, a 16% $500 8,000 decrease compared to full year 2019. Financials M&A accounted for 16% of activity, while Technology M&A accounted for 14% of overall emerging markets M&A during full year 2020. Collectively, the top $400 three industries accounted for 48% of total emerging markets deals this year, on par with a year ago. 6,000 $300 CHINA, INDIA & RUSSIA DRIVE MORE THAN TWO-THIRDS OF EMERGING MARKETS M&A 4,000 M&A activity involving targets in China, India and Russia accounted for 67% of overall emerging markets $200 M&A activity during full year 2020, up from 48% during 2019. -
Here Restitution Was Ordered As the Firm Picked up a GAR Award in That Year in the “International a Remedy
GAR 100 2020 The firm is representing investors in claims against Montenegro, Tanzania and Venezuela, having previously acted in claims against Steptoe & Johnson Turkey and Jordan. It helped Canada defeat two NAFTA claims in the mid-2000s. Pending cases as counsel 11 Other government clients are Argentina, the Dominican Republic, Value of pending counsel work US$1.5 billion+ Guatemala and South Korea. The firm has also been helping China Treaty cases 8 to negotiate an investment treaty with the EU. Third-party funded cases 1 Current arbitrator appointments 4 (3 as chair or sole) Track record Lawyers sitting as arbitrator 1 Steptoe & Johnson’s most impressive results to date have been for the von Pezolds, a Swiss-German family of farmers, in a pair of Has strengthened its investor-state team with some ICSID claims against Zimbabwe concerning the controversial land significant hires and is now instructed on a US$350 reform programme of former president Robert Mugabe. The firm million ICSID claim against Colombia won a pair of awards in 2015 requiring the state to return land it had expropriated or pay US$195 million in compensation. An ICSID US-based Steptoe & Johnson has worked on arbitrations for a annulment committee upheld the awards in November 2018. It was number of years, but 2016 marked a turning point after it achieved one of the first ICSID matters to consider discrimination on the outstanding results in a pair of ICSID cases against Zimbabwe. basis of race, and one of the few where restitution was ordered as The firm picked up a GAR Award in that year in the “international a remedy. -
Part I Background and Summary
PART I BACKGROUND AND SUMMARY Chapter 1 BRITISH STATUTES IN IDSTORICAL PERSPECTIVE The North American plantations were not the earliest over seas possessions of the English Crown; neither were they the first to be treated as separate political entities, distinct from the realm of England. From the time of the Conquest onward, the King of England held -- though not necessarily simultaneously or continuously - a variety of non-English possessions includ ing Normandy, Anjou, the Channel Islands, Wales, Jamaica, Scotland, the Carolinas, New-York, the Barbadoes. These hold ings were not a part of the Kingdom of England but were govern ed by the King of England. During the early medieval period the King would issue such orders for each part of his realm as he saw fit. Even as he tended to confer more and more with the officers of the royal household and with the great lords of England - the group which eventually evolved into the Council out of which came Parliament - with reference to matters re lating to England, he did likewise with matters relating to his non-English possessions.1 Each part of the King's realm had its own peculiar laws and customs, as did the several counties of England. The middle ages thrived on diversity and while the King's writ was acknowledged eventually to run throughout England, there was little effort to eliminate such local practices as did not impinge upon the power of the Crown. The same was true for the non-Eng lish lands. An order for one jurisdictional entity typically was limited to that entity alone; uniformity among the several parts of the King's realm was not considered sufficiently important to overturn existing laws and customs. -
Mandating Diversity: the Inclusion Clause
Call to Action Sara Lee's General Counsel: Making Diversity A Priority By Melanie Lasoff Levs For some committed general counsel, the standard talk about diversity is only a starting point. Recently, many corporate attorneys decided it was time to demand specific actions and results-with very real consequences. In spring 2004, Sara Lee General Counsel Roderick Palmore created "A Call to Action: Diversity in the Legal Profession," a document reaffirming a commitment to diversity in the law profession and taking action to ensure that corporate legal departments and law firms increase the numbers of women and minority attorneys hired and retained. And if law firms don't, the document states, "We [the undersigned corporate legal department representatives] further intend to end or limit our relationships with firms whose performance consistently evidences a lack of meaningful interest in being diverse." (See the sidebar in this article for the complete text.) Palmore wrote the Call to Action to build on a previous manifesto: former BellSouth General Counsel Charles Morgan's "Diversity in the Workplace: A Statement of Principle," written in 1999. "In that [document], signatories espoused an interest in diversity and the principle of diversity, which was a fabulous thing at the time," Palmore says. "But it struck me that not enough has happened. The progress of the profession-and more specifically the progress of large law firms-had stagnated." The Call to Action takes the Statement of Principle a step further, Palmore adds. "Its purpose is to take the general principle of interest in advancing diversity and translate that into action, into a commitment to act on, to make decisions about retaining law firms based in part on the diversity performance of those law firms." Discussion around the need for a Call to Action began in November 2003, when a group of general counsel gathered at the invitation of the Minority Corporate Counsel Association (MCCA®), and the Association of the Corporate Counsel (ACC). -
Planning for Seafood Freezing
TTTTTTTTTTT Planning for Seafood Freezing Edward KOLBE Donald KRAMER MAB-60 2007 Alaska Sea Grant College Program University of Alaska Fairbanks Fairbanks, Alaska 99775-5040 (888) 789-0090 Fax (907) 474-6285 www.alaskaseagrant.org TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT Elmer E. Rasmuson Library Cataloging-in-Publication Data: Kolbe, Edward. Planning for seafood freezing ⁄ Edward Kolbe and Donald Kramer. – Fairbanks, Alaska : Alaska Sea Grant College Program, University of Alaska Fairbanks, 2007 126 p. : 51 ill. ; cm. (Alaska Sea Grant College Program, University of Alaska Fairbanks ; MAB-60) Includes bibliographical references and index. 1. Frozen seafood—Preservation—Handbooks, manuals, etc. 2. Seafood— Preservation—Handbooks, manuals, etc. 3. Cold storage—Planning—Handbooks, manuals, etc. 4. Fishery management—Handbooks, manuals, etc. 5. Refrigeration and refrigeration machinery—Handbooks, manuals, etc. 6. Frozen fishery products—Handbooks, manuals, etc. I. Title. II. Kramer, Donald E. III. Series: Alaska Sea Grant College Program ; MAB-60. SH336.F7 K65 2007 ISBN 1-56612-119-1 Credits The work for this book was funded in part by the NOAA Office of Sea Grant, U.S. Department of Commerce, under grants NA76RG0476 (OSU), NA86RG0050 (UAF), and NA76RG0119 (UW); projects A/ESG-3 (OSU), A/151-01 (UAF), and A/FP-7 (UW), and by appropriations made by the Oregon, Alaska, and Washington state legislatures. Publishing is supported by grant NA06OAR4170013, project A/161-01. Sea Grant is a unique partnership with public and private sectors, combining research, education, and technology transfer for public service. This national network of universities meets the changing environmental and economic needs of people in our coastal, ocean, and Great Lakes regions. -
Biodefense and Constitutional Constraints
Georgetown University Law Center Scholarship @ GEORGETOWN LAW 2011 Biodefense and Constitutional Constraints Laura K. Donohue Georgetown University Law Center, [email protected] Georgetown Public Law and Legal Theory Research Paper No. 11-96 This paper can be downloaded free of charge from: https://scholarship.law.georgetown.edu/facpub/677 http://ssrn.com/abstract=1882506 4 Nat'l Security & Armed Conflict L. Rev. 82-206 (2014) This open-access article is brought to you by the Georgetown Law Library. Posted with permission of the author. Follow this and additional works at: https://scholarship.law.georgetown.edu/facpub Part of the Constitutional Law Commons, and the Military, War, and Peace Commons BIODEFENSE AND CONSTITUTIONAL CONSTRAINTS Laura K. Donohue* I. INTRODUCTION"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" & II. STATE POLICE POWERS AND THE FEDERALIZATION OF U.S. QUARANTINE LAW """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" 2 A. Early Colonial Quarantine Provisions""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" 3 """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" 4 """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""&) -
Exelon Corp. V. Commissioner
Tax News and Developments North America Tax Practice Group Newsletter November 2018 | Volume XVII, Issue 10 Second Circuit Decides that Modification of In This Issue: Variable Prepaid Forwards was Taxable Second Circuit Decides that Modification of Variable The US Court of Appeals for the Second Circuit handed the taxpayer a major Prepaid Forwards was defeat in a case of first impression regarding the tax consequences of modifying Taxable variable prepaid forward contracts (“VPFCs”). In Estate of McKelvey v. Closing Down the SILO: Commissioner, No. 17-2554 (2nd Cir. 2018), the Second Circuit determined that Exelon Corp. v. Commissioner the amendments to the VPFCs (i) resulted in an exchange of the original VPFC Common Interest Privilege for the amended VPFC, and (ii) triggered constructive sales of the stock Affirmed as Supreme Court of Canada Refuses to Hear underlying the VPFCs. Government Appeal Andrew McKelvey was the founder and CEO of Monster Worldwide. McKelvey New IRS Guidance Opens Door to Use of Qualified owned millions of Monster shares. In 2007, he entered into a VPFC with each of Opportunity Zones two investment banks. Under the VPFCs, the banks paid McKelvey an upfront China Expands Scope of cash payment of approximately $194 million. The VPFC required McKelvey to Reinvestment Incentive to All deliver a variable number of Monster shares to the bank counterparty on the MNC Projects settlement dates specified in the VPFC. The number of shares McKelvey had to UK Budget 2018: What You deliver to the bank depended upon the value of the shares on the settlement date Need to Know and was subject to a cap and a floor. -
General Properties of the Alkaline Phosphates: - Major Food and Technical Applications
Phosphorus Research Bulletin Vol. 15 (2004) p. 85-94 General Properties of the Alkaline Phosphates: - Major Food and Technical Applications P.HOURANT Deputy Business Line Manager, Prayon S.A., Business Unit Phosphates, Rue Joseph Wauters, 144 4480 Engis, Belgium; E-mail: [email protected] INTRODUCTION The alkaline phosphates are used for many food and technical applications. Phosphates have two characteristics that explain their four main properties: buffer agent, sequestering power, dispersing power and water holding capability. Those properties allow phosphates to be used in many food and technical applications. The main food applications are meat and seafood processing, baking and processed cheese, but others such as cereals, French fries, fruits and vegetables, beverages, noodles and so on also may need the use of phosphates. On the technical side, the main applications are the detergent products, the water treatment and the metal treatment. As for the food, many other applications require phosphates such as ceramics, bone china, paper and paints,... In meat products, phosphates salts interact in a unique way to bind water with proteins and improve the tenderness in meats. Treated products will maintain their juicy appearance as well as their natural nutritional properties texture and colour. In fish and seafood products, phosphates salts allow the retention of the natural juices of frozen fish fillets, prawns, shrimps, scallops and other seafood. Phosphates also help prevent the build-up of struvite crystals in tinned tuna and crabmeat. In processed cheese, phosphates are crucially important in the production of processed cheese. These products ensure a homogeneous and uniform melt of raw cheese and product stability. -
International Trade Compliance Update
International Trade Compliance Update (Covering Customs and Other Import Requirements, Export Controls and Sanc- tions, Trade Remedies, WTO and Anti-Corruption) Newsletter | May 2017 In This Issue: World Trade Organization (WTO) World Customs Organization (WCO) Other International Matters The Americas - Central America The Americas - North America The Americas - South America Asia-Pacific Europe, Middle East and North Africa Trade compliance enforcement ac- Please see our Webinars, Meetings, Seminars section for the full schedule of tions - import, export, IPR, FCPA webinars in this series, names of speakers, contacts and information on how to Newsletters, reports, articles, etc. register for one or more of these complimentary webinars, as well as information on other events and links to video recordings of past webinars. Webinars, Meetings, Seminars, etc. WTO TBT Notifications CBP Rulings: Downloads and Searches To keep abreast of international trade-related news, visit our blogs: CBP Rulings: Revocations or Modifi- cations For International Trade Compliance Updates, please regularly visit . European Classification Regulations www.internationaltradecomplianceupdate.com Amendments to the CN Explanatory For additional articles and updates on trade sanctions, export controls and relat- Notes ed subjects, please visit: http://sanctionsnews.bakermckenzie.com/ regularly. Section 337 Actions For resources and news regarding international trade, particularly in Asia, please Antidumping, Countervailing Duty visit our new Trade Crossroads blog at http://tradeblog.bakermckenzie.com/. and Safeguard Investigations, Or- ders & Reviews To see how the UK referendum on exiting the EU (Brexit) may affect your busi- ness, visit http://brexit.bakermckenzie.com/ For additional compliance news and comment from around the world, please visit http://globalcompliancenews.com/. -
Vipel® Chemical Resistance Guide
Vipel® Chemical Resistance Guide CORROSION RESISTANT RESINS FOR THE HARSHEST ENVIRONMENTS The Right Chemistry for the Harshest Environments – AOC is leading the composites industry in the fight against damaging and costly corrosion. Our Vipel corrosion-resistant resins set the global standard for proven performance in a wide range of fibre-reinforced polymer (FRP) applications, including pipes, tanks, water and wastewater treatment, chemical processing, pulp and paper, mining and power generation. With unparalleled strength and durability, AOC resins combat corrosion in even the harshest conditions. 2 INTRODUCTION TO CORROSION RESISTANT RESINS Selecting a Resin System • Length of exposure to the medium if less than continuous. For example, the laminate may need to This guide is designed to assist fabricators of FRP withstand only occasional splashes of exposure. components in selecting the appropriate resin for parts which will be exposed to highly corrosive environments. • Process description, where a reaction such as The data presented is the result of years of extensive neutralization takes place in the tank. laboratory testing and actual field exposure in North • Fire retardancy, where applicable, including flame America and Europe. spread rating and smoke requirements. Resin system selection is determined by the chemical service and environment to which the equipment will Sorting Out the Details be exposed, end-user specifications and preferences, Normally a suitable resin can be selected from the or fabricator recommendation. AOC Corrosion advisors Chemical Resistance Guide based on the information in also are available any time to answer questions. the “Gathering Data” section above. A few comments on information featured in this guide should be noted: Users frequently specify the resin system and laminate construction for particular applications. -
Dumping, Protectionism and Free Trade
DUMPING, PROTECTIONISM AND FREE TRADE Ron Sheppard Catherine Atkins Views expressed in Agribusiness and Economics Research Unit Discussion Papers are those of the author(s) and do not necessarily reflect the views of the Director, other members of staff, or members of the Management Committee Discussion Paper No.140 September 1994 Agribusiness & Economics Research Unit PO Box 84 Lincoln University CANTERBURY Telephone No: (64) (3) 325 2811 Fax No: (64) (3) 325 3847 ISSN 1170-7607 ISBN 0-909042-01-2 AGRIBUSINESS & ECONOMICS RESEARCH UNIT The Agribusiness and Economics Research Unit (AERU) operates The major research areas supported by the AERU include trade from Lincoln University providing research expertise for a wide policy, marketing (both institutional and consumer), accounting, range of organisations concerned with production, processing, finance, management, agricultural economics and rural sociol distribution, finance and marketing. ogy. In addition to the research activities, the AERU supports conferences and seminars on topical issues and AERU staff are The AERU operates as a semi-commercial research agency involved in a wide range of professional and University related Research contracts are carried out for clients on a commercial extension activities. basis and University research is supported by the AERU through sponsorship of postgraduate research programmes. Research Founded as the Agricultural Economics Research Unit in 1962 clients include Government Departments, both within New from an annual grant provided by the Department of Scientific and Zealand and from other countries, international agencies, New Industrial Research (DSIR), the AERU has grown to become an Zealand companies and organisations, individuals and farmers. Independent, major source of business and economic research Research results are presented through private client reports, expertise. -
Research Paper 57 GLOBALIZATION, EXPORT-LED GROWTH and INEQUALITY: the EAST ASIAN STORY
Research Paper 57 November 2014 GLOBALIZATION, EXPORT-LED GROWTH AND INEQUALITY: THE EAST ASIAN STORY Mah-Hui Lim RESEARCH PAPERS 57 GLOBALIZATION, EXPORT-LED GROWTH AND INEQUALITY: THE EAST ASIAN STORY Mah-Hui Lim* SOUTH CENTRE NOVEMBER 2014 * The author gratefully acknowledges valuable inputs and comments from the following persons: Yılmaz Akyüz, Jayati Ghosh, Michael Heng, Hoe-Ee Khor, Kang-Kook Lee, Soo-Aun Lee, Manuel Montes, Pasuk Phongpaichit, Raj Kumar, Rajamoorthy, Ikmal Said and most of all the able research assistance of Xuan Zhang. The usual disclaimer prevails. THE SOUTH CENTRE In August 1995 the South Centre was established as a permanent inter- governmental organization of developing countries. In pursuing its objectives of promoting South solidarity, South-South cooperation, and coordinated participation by developing countries in international forums, the South Centre has full intellectual independence. It prepares, publishes and distributes information, strategic analyses and recommendations on international economic, social and political matters of concern to the South. The South Centre enjoys support and cooperation from the governments of the countries of the South and is in regular working contact with the Non-Aligned Movement and the Group of 77 and China. The Centre’s studies and position papers are prepared by drawing on the technical and intellectual capacities existing within South governments and institutions and among individuals of the South. Through working group sessions and wide consultations, which involve experts from different parts of the South, and sometimes from the North, common problems of the South are studied and experience and knowledge are shared. NOTE Readers are encouraged to quote or reproduce the contents of this Research Paper for their own use, but are requested to grant due acknowledgement to the South Centre and to send a copy of the publication in which such quote or reproduction appears to the South Centre.