Tag Archives: GT Alert

The UK Votes to Leave the European Union

The UK voted yesterday to leave the European Union. The timetable for the UK’s exit, the terms of exit, and the UK’s post-exit relationship with the European Union (EU), are still to be determined, which will take time. Until these issues are clarified, firms with a UK presence, or UK customers, will have to address … Continue Reading

U.S. Further Eases Restrictions on Cuba Travel and Financial Transactions

In its most recent move in a series of changes designed to increase engagement between the United States and Cuba, and in line with the Administration’s policy, on March 16, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the existing Cuban Assets Control Regulations (Cuba Sanctions Regulations) in three … Continue Reading

UPDATE:U.S.-EU Safe Harbor Invalidated by European Court of Justice

Urgent Need to Consider Alternative Compliance Mechanisms On Oct. 6, 2015, the European Court of Justice (CJEU) released its final judgment on the closely-watched U.S.-EU Safe Harbor (Safe Harbor) case, ruling that national Data Protection Authorities (DPAs) in the European Union (EU) retain the right to investigate complaints relating to the Safe Harbor and declaring … Continue Reading

12-Nation Pacific Rim Deal Aims to Spur Commerce in Countries Accounting for 40% of World’s Economy

Thursday, Nov. 5, 2015, witnessed the release of the long-awaited text of the Trans-Pacific Partnership (TPP) trade deal. This 12-nation[1] Pacific Rim deal aims to spur commerce in countries accounting for 40 percent of the world’s economy. While TPP deserves serious analysis in and of itself, and its path to ratification in the U.S. is … Continue Reading

Modern slavery reporting obligations – effective from 29 October 2015

As reported in an earlier Alert, the UK’s Modern Slavery Act has imposed far reaching reporting requirements on companies to produce an annual statement explaining the steps they have taken to eliminate modern slavery in their businesses, and also within their supply chains. The concept of modern slavery encompasses a range of exploitative behaviour including … Continue Reading

Investor-State Dispute Settlement Provisions in the Trans-Pacific Partnership Agreement

The parties to the Trans-Pacific Partnership (TPP), which include the United States and 11 other Pacific nations, concluded negotiations on the text of a multilateral trade and investment agreement on Oct. 5, 2015, and released the text of the agreement on Nov. 5, 2015. As anticipated, the agreement contains investor-state dispute settlement (ISDS) provisions that … Continue Reading

U.S. Authorizes Transactions with Certain Belarusian Entities

Effective Oct. 30, 2015, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a Belarus-related General License authorizing U.S. persons to engage in all previously prohibited transactions with certain Belarusian entities despite OFAC’s sanctions against certain targeted individuals and entities in Belarus. The General License, however, contains a reporting obligation that … Continue Reading
LexBlog