Congress Continues to Attack Currency Manipulation as China Defuses G-20 Pressure For Now: the International Law Issues
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On February 25, 2010, in its ruling in Brita GmbH v. Hauptzollamt Hamburg-Hafen, the European Court of Justice ("ECJ") ruled on the trade implications of one of the hot-potato issues of international law: the status of the territories occupied by Israel.
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The power to tax is the power to destroy, or at the very least, the power to make imports of menâs gloves more expensive than imports of womenâs gloves. An international business person importing goods into the United States might think that a law which treated differently an identical menâs and womenâs product would somehow run afoul of the United States Constitutionâs Equal Protection Clause. The Court of Appeals for the Federal Circuit (Federal Circuit) has held that it does not.
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I. Introduction
In October 2008, Iceland's banking system collapsed. Within a week, the three major banks comprising ninety percent of the Icelandic banking system had failed. It was one of the fastest and most comprehensive banking crises in history. This collapse occurred at the height of the global credit crunch and followed the bankruptcy of Lehman Brothers in the United States.
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