International Business Transactions

The Cost of Corruption on Global Business

February 6, 2014 - The cost of corruption is a heavy toll that is levied on the global economy, private companies and people around the world. On a macro level, recent data suggests that the cost of corruption equals more than 5% of global GDP ($2.6 trillion), and corruption increases the cost of doing business up to 10% globally, according to the World Economic Forum and the World Bank, respectively.

Animal Welfare, Public Morals and Trade: the WTO Panel Report in EC – Seal Products

On November 25, 2013, a panel established under the dispute settlement system of the World Trade Organization (WTO) issued its report in the EC – Seal Products dispute.[1] The decision arose from complaints by Canada and Norway against a legislative scheme adopted by the European Union (EU) in 2009 to prohibit the importation and marketing of seal products (the EU Seal Regime).[2] On January 24, 2014, Canada and Norway filed to appeal the panel's decision; the 

Topic: 
Volume: 
18
Issue: 
2
Author: 
Rob Howse, Joanna Langille and Katie Sykes
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ICSID Tribunal Finds Lack of Jurisdiction in Metal-Tech Ltd. v. Republic of Uzbekistan (October 4, 2013)

Author: 
Djurdja Lazic

In Metal-Tech Ltd. v.

EU Commission Opines that UK’s Patent Box Breaches Code of Conduct for Business Taxation (October 14, 2013)

Author: 
Steven Arrigg Koh

The EU Commission has found that the UK’s “patent box” scheme—adopted earlier this year and providing a 10% rate of corporation tax for income derived from patents—violates the EU Code of Conduct f

Tax Officials Meet in Paris to Discuss OECD’s Action Plan on Base Erosion and Profit Shifting (September 27, 2013)

Author: 
Steven Arrigg Koh

Over 300 senior tax officials from more than 100 jurisdictions and international organizations met in Paris during the 18th Annual Tax Treaty Meeting to discuss solutions to unintended double non-t

A Conversation with Judge Charles N. Brower - "The Future Of International Arbitration"

Please join the Society's International Courts and Tribunals Interest Group (ICTIG) in welcoming ASIL's 2009 Manley O. Hudson Medalist, the Honorable Charles N. Brower, to discuss his significant and wide-ranging practice at the bar with distinguished service, both nationally and internationally, during 30 years in the fields of public international law and international dispute resolution.

U.S. Court of Appeals for the Second Circuit Affirms District Court Finding in Blue Ridge Investments v. Republic of Argentina That Argentina Had Waived Its Immunity

Author: 
Kathleen Doty

The U.S.

Permanent Court of Arbitration Tribunal Rules That Former Settlement Agreements Protected Chevron From Paying Ecuador $19 Billion Fine for Polluting the Amazon Basin Region

Author: 
Kathleen Doty

A tribunal convened at the Permanent Court of Arbitration ruled that former settlement agreements protected Chevron from paying to Ecuador a $19 billion fine for polluting the Amazon basin region. 

ICSID Panel Issues Partial Ruling in ConocoPhillips Petrozuata B.V. et al v. Bolivarian Republic of Venezuela

Author: 
Kathleen Doty

The ICSID Arbitral Tribunal issued a partial ruling in the dispute between ConocoPhillips and Venezuela regarding the latter's 2007 taking of ConocoPhillips oil assets located in the country.