The US Court of Appeals held that a non-resident foreign national cannot be guilty of violating the US Foreign Corrupt Practices Act as an accomplice or a co-conspirator if that person was incapable of committing it as a principal.
Baker McKenzie is pleased to invite you to interactive seminars in Abu Dhabi and Dubai in October 2018 to discuss the implications of recent US and EU sanctions on international trade.
The European Commission has started the process by which it would add US sanctions measures on Iran to the so-called Blocking Regulation.
The Russian government is preparing to introduce new counter-measures in response to US and EU sanctions. and filed a draft bill envisaging criminal liability for complying with Western sanctions.
On May 8, 2018, President Trump announced that the United States will be withdrawing from the Joint Comprehensive Plan of Action (“JCPOA”), culminating months of uncertainty around the fate of the Iran nuclear deal. Furthermore, President Trump announced that the United States would re-impose nuclear sanctions against Iran.
On April 30, 2018, the California Supreme Court dramatically changed the legal landscape for California's gig economy, which will have far-reaching consequences for California companies reliant on independent contractors.
The U.S. Government is considering adding digital currency addresses affiliated with individuals and entities identified to the List of Specially Designated Nationals and Blocked Persons
The US Internal Revenue Service announced that it will end the 2014 Offshore Voluntary Disclosure Program on September 28, 2018.
On 8 March, President Trump signed two proclamations – one on steel imports and one on aluminum imports. As expected, the president is imposing, as from 23 March 2018, an additional 25% duty on steel, and an additional 10% duty on aluminum, imported from all countries except Canada and Mexico.
In the aftermath of the new sanctions imposed to North Korea, potential risks have been identified in the global shipping industry.