finance | banking | taxes
Last week, Canadian Finance Minister Joe Oliver gave a speech in New York arguing that the Volcker Rule — a key tenet of the US’ 2010 banking law — violates the North American Free Trade Agreement. This underscores Senator Warren’s warning that such deals, including the Trans-Pacific Partnership that Obama is currently negotiating, jeopardize financial reform.
An international tribunal began hearing a multi-billion dollar case Friday that the US private equity firm Lone Star filed against South Korea’s government over tax and other disputes surrounding its asset sell-offs in Korea.
The launch of the Asean Economic Community this year will see an increase in trade flows, but also more problems such as money laundering and fraud, OCBC Bank chief executive Samuel Tsien said on Wednesday.
Insurers from the US and EU are amongst leading backers of a financial services chapter within the Transatlantic Trade & Investment Partnership (TTIP), although the US remains opposed officially.
The finance ministry has drafted a fresh bilateral investment protection treaty that would keep taxation measures and issuance of compulsory licences for intellectual property rights out of the sphere of arbitration while preventing foreign investors to drag India to arbitration for any dispute that has already been settled by the courts.
According to sources ay India’s Central Board of Direct Taxes, tax matters are not covered under UK-India bilateral Investment treaty (BIT).
"With India now having concluded its own model bilateral investment treaty (BIT) framework, we are poised to be able to engage with the Indians and commence in negotiations on a bilateral investment treaty," the US Assistant Secretary of State for South and Central Asia said.
Three recent ICSID decisions involving Ecuador highlight the importance of language addressing the status of taxes in investment treaties.
Internet privacy and net neutrality would become things of the past if the secret Trade In Services Agreement comes to fruition.
US Senator Elizabeth Warren on Wednesday warned that a major trade deal being negotiated by the Obama administration could hamstring Wall Street reform efforts.
The film explains how the settlement works and why it endangers necessary governmental rescue measures in financial crises as occurred in Greece, Cypress and Argentina.
US congressional leaders have just sent a letter to the Obama administration warning against TAFTA/TTIP provisions that could restrict Congress’ ability to prevent another financial crisis.
State measures that reduce or nullify existing creditor rights, such as the Argentine “Lock Law” or similar moratoria on repayment, may violate BIT rights and supply investors and creditors in other jurisdictions, particularly in the eurozone, with a basis for challenging similar measures.
Leaked TTIP negotiating documents show that the EU is trying to protect European banks from strong American financial regulations.
The Korean government and financial institutions are planning to more than double the ratio of yuan-based trade settlements next year after the conclusion of the Korea-China FTA.
Under CETA, the scope for foreign banks to launch investor-state challenges is much broader than in Canada’s other major pact of this type: the North American Free Trade Agreement (NAFTA).
The Central Bank of Ireland’s markets director believes TTIP is the ideal forum to iron out differences over substituted compliance and establish agreement on monitoring and data collection systems
The financial services industry appears to be a winner under the landmark free trade agreement negotiated between the Abbott government and Japan.
The European Commission denies that it is using the negotiations over the Transatlantic Trade and Investment Partnership to weaken financial regulation for the benefit of financial institutions.