International

March 4, 2021

On March 4, 2021, the United States and the United Kingdom released a joint statement announcing a four-month suspension of tariffs related to the ongoing large civilian aircraft dispute. The dispute, which has spanned 16 years, and resulted in billion of dollars in tariff actions from both sides of the Atlantic is entering a period of détente. In December of 2020, the United Kingdom announced that it would temporarily suspend retaliatory tariffs that were put…

SmarTrade

U.S. and UK Temporarily Suspend WTO Retaliatory Tariffs on Large Civilian Aircraft

By Scott Diamond

March 4, 2021

On March 4, 2021, the United States and the United Kingdom released a joint statement announcing a suspension of World Trade Organization (WTO)-authorized retaliatory tariffs in the WTO’s longest-running trade dispute involving government subsidies for large civilian aircraft. The statement notes that the UK ceased applying retaliatory tariffs on January 1, 2021, and that the U.S. will suspend its retaliatory tariffs on March 4, 2021. Both parties agreed to suspend their retaliatory tariffs for a…

China Law Blog

Self-Enforcing Contracts: A Good Tool for Tough Markets

By Steve Dickinson

March 4, 2021

1. Draft Your Contract for the Applicable Country In How Not to be in China, we wrote about how companies are seeking to diversify their supply chains by moving some or all of their production to other countries. When entering into contracts in these new countries, the first question to ask is whether the new country in which you will be working has a legal system that provides effective contract enforcement. If the answer…

Restructuring Globalview

UK Spring Budget 2021 – The Long Road to Recovery: Taxation

By Robert O'Hare & Timothy Jarvis

March 4, 2021

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The UK Spring Budget Statement delivered by Chancellor of the Exchequer, Rishi Sunak, on Wednesday 3 March 2021, laid bare the scale of the economic damage done by COVID-19. The Chancellor’s focus was on initiating an investment-led recovery, to incentivise investment, productivity and growth and to build a new, innovative and “green”, UK economy. In terms of tax policy, the Budget couples some (but actually surprisingly few) tax rises with several innovative tax incentive measures.…

Subject to Inquiry

SEC 2021 National Exam Program Examination Priorities

By Aline McCullough, Cheryl Haas, Emily P. Gordy & Molly White

March 4, 2021

On March 3, 2021, the Securities and Exchange Commission’s Division of Examinations (EXAMS) (formerly the Office of Compliance Inspections and Examinations (OCIE) released its 2021 examination priorities. Notably, while the majority of the examination priorities echo OCIE priorities from prior years, this year’s EXAMS priorities include a greater focus on climate-related risk and environmental, social, and governance (ESG) matters. This is consistent with the Commission’s increased emphasis on ESG matters in other contexts, as…

Global Workplace Insider

Budget – Immigration Proposals

By Lauren Pullen-Stanley (UK)

March 4, 2021

In addition to the measures referred to in the Budget which are aimed at addressing the immediate challenges of COVID-19 and putting the UK’s public finances on a sustainable footing in the medium term, the Government stated in the Budget that it recognised the importance of creating the conditions for an investment-led recovery driven by private sector growth. In view of this, in the Budget, the Government has made a number of immigration policy decisions…

Financial services: Regulation tomorrow

Member States consider amendments to MiCA

By Anna Carrier (BE)

March 4, 2021

On 24 February 2021, the Portuguese Presidency of the Council held a working group meeting dedicated to continue the review of the European Commission’s proposal for the regulation on markets in crypto-assets (MiCA). The agenda for the meeting included a discussion on select issues under Title I, IV and V of the proposed regulation, as well as prudential requirements for credit institutions dealing in crypto-assets. Below is short overview of the key issues discussed:…

The CPA Desk

How to Rebuild Your Not-for-Profit’s Operating Reserves

By Sonia Freeman

March 4, 2021

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Events of the past year put a dent in many not-for-profit’s operating reserves. Perhaps you tapped this stash to buy personal protective equipment or to pay staffers’ salaries when your budget no longer proved adequate. As the pandemic wanes and economic conditions improve, you’ll need to start thinking about rebuilding your operating reserves.…

Global Workplace Insider

Extension of Coronavirus Job Retention Scheme until end September 2021

By Amanda Sanders (UK)

March 4, 2021

In the budget on 3 March 2021, the Chancellor announced that the Coronavirus Job Retention Scheme (the CJRS) would be extended until the end of September 2021. The CJRS was due to end on 30 April 2021, but with many restrictions (in particular in the hospitality and leisure sectors) not being fully lifted until June at the earliest, the Chancellor was under pressure to extend the scheme. There are however changes to eligibility criteria and…

China Law Blog

Self-Enforcing Contracts: A Tool for Tough Markets

By Steve Dickinson

March 4, 2021

International

U.S. and UK Announce Four-Month Suspension of Tariffs in Large Civilian Aircraft Dispute

U.S. and UK Temporarily Suspend WTO Retaliatory Tariffs on Large Civilian Aircraft

Self-Enforcing Contracts: A Good Tool for Tough Markets

UK Spring Budget 2021 – The Long Road to Recovery: Taxation

SEC 2021 National Exam Program Examination Priorities

Budget – Immigration Proposals

Member States consider amendments to MiCA

How to Rebuild Your Not-for-Profit’s Operating Reserves

Extension of Coronavirus Job Retention Scheme until end September 2021

Self-Enforcing Contracts: A Tool for Tough Markets

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