On June 1st, President Trump issued a Proclamation to adjust the Section 232 duties on derivative goods made of aluminum, copper, and steel, which are generally set at 50%. Goods that are eligible for preferential treatment under the U.S.-Mexico-Canada Agreement
Cross-Border Counselor
Cross-Border Counselor, published by Dorsey & Whitney LLP, focuses on legal issues affecting cross-border business activities between the U.S. and other countries, particularly Canada. The blog covers U.S. tax legislation impacting international transactions, reporting requirements for securities and organizational actions, regulatory compliance for mining companies under SEC rules, and employment law challenges for foreign companies operating in the U.S. It also addresses procedural updates related to SEC filing systems and compliance deadlines. The content is aimed at companies navigating the complexities of cross-border trade, tax, employment, and securities regulations.
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Latest from Cross-Border Counselor
Dorsey Webinar June 11: U.S. Tariff Refund Litigation Risks
The United States estimates it owes U.S. importers roughly $166 billion dollars in unlawfully collected tariffs under the International Emergency Economic Powers Act (“IEEPA”). This webinar will assess potential litigation both from the claimant and U.S. importer perspective. More information…
SEC Proposes Optional Semiannual Reporting for Companies that File Annual Reports on Form 10-K
On May 5, 2026, the Securities and Exchange Commission (“SEC”) proposed a significant change to the Exchange Act periodic reporting framework that would allow U.S. domestic reporting companies to elect semiannual interim reporting in place of the current mandatory quarterly…
“At-Will” Employment in the U.S. – It’s a Trap!
Many Canadian employers expanding into the U.S. believe the U.S. legal presumption of at-will employment will provide them with additional protection against wrongful termination claims. Unfortunately for those employers, this belief is a trap. In Canada, employees who are terminated…
Section 16 Reporting by Insiders of SEC-reporting Foreign Private Issuers: CANADA IS EXEMPT!
Good news! The SEC has issued exemptive relief under the Holding Foreign Insiders Accountable Act (the HFIAA). For those of you focused on more important things in life, like Major League Baseball’s opening day later this month, let us give…
Dorsey Webinar March 3rd: U.S. Supreme Court Ruling Against IEEPA Tariffs
The U.S. Supreme Court issued watershed decisions invalidating the U.S. tariffs imposed under IEEPA on February 20th. On March 3, 2026, we are hosting a webinar that looks to what is next for U.S. trade policy and also will discuss…
Dorsey Webinar: Preparing for Section 16 Reporting by Insiders of Foreign Private Issuers (1/29/26)
Directors and officers of SEC-reporting foreign private issuers will be required to report their beneficial ownership and transactions in company equity securities to the SEC beginning March 18, 2026, absent exemptive relief from the SEC. On Thursday, January 29th at…
Prepare for the Worst, and Hope for the Best: Time to Begin Preparing for Section 16 Reporting by Insiders of SEC-reporting Foreign Private Issuers
As you may recall, the Holding Foreign Insiders Accountable Act (the HFIAA) was signed into law on December 18, 2025. In a nutshell, this means that directors and officers of foreign private issuers whose securities are registered under Section 12(b)…
Section 16 Reporting Requirements Expanded to Directors and Officers of Foreign Private Issuers
Directors and officers of foreign private issuers take note: unless the SEC exempts you, you will be required to report beneficial ownership and transactions in your company’s registered equity securities to the SEC, and your first report is due on…
New Proposed U.S. Excise Tax on Certain U.S. “Outsourcing” Payments
In September, a new bill was introduced in the U.S. Senate entitled the “Halting International Relocation of Employment Act” or “HIRE Act” (the “Bill”). Generally, the Bill proposes a 25% excise tax on certain outsourcing payments made by U.S. persons…