finance | banking | taxes
The negotiation of a US-Kenya Free Trade Agreement has spurred interest by prospective US investors, exporters, and importers.The final GILTI, FDII, and BEAT regulations provide the US tax framework for US C corporate investors.
Recent jurisdictional decisions suggest that sovereign debt will be subject to bilateral investment treaties for the foreseeable future.
The new digital trade regime, which has already been adopted in some free trade agreements and is being proposed in the WTO, would exacerbate the harmful tax practices of multinational enterprises within a deeply integrated digitalised economy.
Cross-border financial services trade between the UK and Switzerland is set to become easier, thanks to a commitment signed June 30.
Arbitration cases due to COVID emergency measures would exacerbate the challenges that public budgets are already facing due to the need for stimulus measures and the difficulty in collecting government revenue.
US private equity firm Lone Star Funds suggested it was open to “amicable and sensible” out-of-court option to settle the longstanding dispute with the Korean government.
The economic hegemony exerted by the trade regime — and related financial structures — mirrors and extends old colonial patterns of exploitation and dispossession. Its policies represent our “normal.”
As governments take action to fight the COVID-19 pandemic and prevent economic collapse, they could face multi-million dollar lawsuits.
The UK has put financial services access at the center of its objectives for a trade deal with Japan.
Emergency measures to prevent the spread of the coronavirus and protect the economy could lead to claims under bilateral investment treaties.
Cerro Verde, a partnership between Freeport McMoran and Buenaventura, is to bring a case against Peru related to a taxation dispute at the ICSID under a US-Peru trade agreement.
The UK and US may seek a quick deal on financial services separate from the free trade accord the two are negotiating, a British official said.
Britain wants a Canada-style agreement with the European Union that includes goods and services.
When Vietnam signalled it would claim the tax due, oil giant ConocoPhillips issued a pre-emptive legal strike using an arbitration process under the UK-Vietnam bilateral investment treaty.
The ICSID has issued an interim order preventing Nepal’s government from collecting capital gains tax on Axiata’s acquisition of Ncell.
The ICSID had issued an interim order directing the government not to take any steps to enforce its decision to collect the outstanding capital gains tax.
A US-based international court issues interim order directing the Nepal government not to impose capital gains tax on Ncell buyout deal for the time being.
The Office of the US Trade Representative released late last year a summary of negotiating objectives spanning 22 areas, including telecommunications and financial services.
Representatives from the City of London are to travel to the US in a bid to boost transatlantic ties for the finance sector post-Brexit.
Bank of Orinoco has initiated an international arbitration against the Netherlands over alleged discriminatory and irrational measures by the government of Curaçao.