Venezuela Update: Florida Divestment and New Measures in Panama and Switzerland
The last week of March has brought new measures against Maduro’s regime from the U.S., Europe, and Latin-America. While Switzerland has aligned with European Union (EU) sanctions, Panama has included Venezuelan government officials and several companies in their Politically Exposed Persons’ (PEPs) list. The State of Florida has also enacted divestment laws targeting Venezuela.
Florida
MEXICO SIGNS ON TO WORLD BANK INVESTMENT DISPUTE CONVENTION
On January 11, Mexico signed the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention). ICSID is a World Bank organization that administers investor-State arbitrations and is the leading institution for the resolution of international investment disputes.
It is important to note that Mexico signed the ICSID
NAFTA Dispute Settlement Not On White House Radar, For Now
On May 18, the United States Trade Representative (USTR) gave official 90-day notice to Congress of the Trump administration’s intent to renegotiate NAFTA. The USTR also published a request for interested parties to submit public comments on matters relevant to “NAFTA Modernization” for the development of U.S. negotiating positions.
Although the official notice to Congress
Update: Legal Considerations for U.K. and EU Investment and Trade Treaties after Brexit
In this alert, we provide updates on recent headlines:
- European Court of Justice (ECJ) opines on scope of EU’s supremacy over the EU-Singapore Free Trade Agreement. The highlights include:
- Investor-State Dispute Settlement (ISDS) requires unanimous Member States approval.
- The possibilities for a U.K. trade treaty with the EU separate from any withdrawal agreement.
- U.K. Conservative