In the ever-evolving landscape of English law credit agreements in the European leveraged loan market, the dynamics of lending have undergone significant transformations in the last few years. One issue that has gained prominence is the increase in limits on the ability of lenders to transfer their loans and the associated restrictions imposed on potential
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BIS Targets Chinese Companies with Entity List Additions
On Thursday, May 9, 2024, the U.S. Department of Commerce Bureau of Industry and Security (BIS) added 37 Chinese entities to the Entity List. Among them were technology companies (predominately those tied to quantum computing), manufacturing firms, and research institutions. No person may export, reexport, or transfer any items subject to the Export Administrative Regulation…
EU Parliament Approves Forced Labor Ban
The European Parliament today voted overwhelmingly in favor of adopting a regulation banning all products made with forced labor from the European Union, with 555 votes in favor, 6 votes against, and 45 abstentions. The approval comes a little over a month after the Parliament and the European Council reached a deal on a draft…
A New European Commission Proposal on Foreign Direct Investment Screening: Towards Greater Harmonization?
As part of a recent package of initiatives aimed at strengthening the EU’s economic security, the European Commission has put forward a proposal to revise the EU Foreign Direct Investment (FDI) Screening Regulation. This proposal reflects the Commission’s experience with the existing FDI Regulation over the past three years, and it seeks to bring Member…
Chambers and Partners Ranks Crowell’s International Trade/WTO Europe-wide Practice in 2024 Guide
Crowell & Moring’s International Trade practice is ranked in Chambers and Partners, Global Europe-wide International Trade/WTO rankings, Band 4. Chambers recognizes Crowell’s “notable practice advising clients on EU and US customs and trade members” and highlights our wide-ranging services.
Partner Vassilis Akritidis was again ranked in Band 3, acknowledging his experience in acting “both…
Tax Treaty with Chile Enters into Force
On December 19, 2023, the bilateral income tax treaty between the United States and Chile (formally, the Convention between the Government of the United States of America and the Government of the Republic of Chile for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital…
Crowell Partner Evan Chuck Named an LA Business Journal Minority Leader of Influence
We are pleased to announce that our partner Evan Chuck is named in the Los Angeles Business Journal’s “Leaders of Influence: Minority Attorneys 2024” list. Evan and the other professionals were nominated and “chosen based on a demonstration of impact made on the profession and on the Los Angeles community.” For additional information, please see…
IPEF Supply Chain Agreement Formally Signed by 14 Indo-Pacific Nations
On November 16, the U.S. signed a major multilateral supply chain agreement with its 13 Indo-Pacific Economic Framework for Prosperity (IPEF) partners – Australia, Brunei, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam. As highlighted in the IPEF joint statement, the 14 countries announced the signature of…
The ITC Continues to Play a Critical Role in Combating International Trade Secret Theft
Confirming the Federal Circuit’s 2011 decision in TianRui, the International Trade Commission has statutory authority over the importation of goods into the US incorporating misappropriated trade secrets, even if the acts of misappropriation occurred wholly outside the US.
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New Antidumping and Countervailing Duties (“ADCVD”) Petition on Aluminum Extrusions Submitted, Covering an Estimated $1.5 Billion in Imports
On October 4, 2023, a new ADCVD petition (“the Petition”) covering an estimated $1.5 billion in imports of aluminum exclusions was submitted before the U.S. Department of Commerce (“Commerce”) and the U.S. International Trade Commission (“USITC.”) The Petition alleges that certain aluminum extrusion from Colombia, the Dominican Republic, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, China…