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Guest Blog: Managing Mexican mandatory disclosure rules

By Israel Group

April 13, 2021

By: Calafia Franco Jaramillo Obligations for taxpayers and advisors under Mexico’s mandatory disclosure rules (MDRs) are in effect. This alert reviews these new obligations, which Israeli companies that have offices in Mexico need to familiarize themselves with. Looking to action 12 of the OECD’s Base Erosion and Profit Shifting framework, in December 2019 Mexico enacted a new chapter of its Federal Tax Code focusing on MDRs. This chapter regulates the Mexican MDR obligations, the esquemas…

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Latest regulatory changes reduce burden for software and technology companies under US export controls

By Israel Group

April 12, 2021

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On March 29, 2021, the US Commerce Department’s Bureau of Industry and Security (BIS) revised the US Export Administration Regulations (EAR) to implement export control changes agreed to by the United States and other members of the Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies, a group of 42 countries that seeks to harmonize global export licensing policy. Among the more significant changes, BIS has revised the reporting obligations for…

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Financial services in the cannabis industry: A compliance guide

By Israel Group

April 5, 2021

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Interest in cannabis is at an all-time high. In 2020, Americans bought $18.3 billion in cannabis products, a $7.6 billion increase from 2019. The surging popularity of the plant is running parallel to the move towards legalized cannabis. The Agriculture Improvement Act of 2018, Pub. L. No. 115-334 (the 2018 Farm Bill), removed hemp (non-psychoactive cannabis) from the Controlled Substances Act (CSA), opening the door for the sale of hemp-derived products, including popular cannabidiol (CBD)…

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US Supreme Court to decide whether 28 U.S.C. § 1782 includes international arbitration

By Israel Group

March 31, 2021

The US Supreme Court will rehear Servotronics Inc. v. Rolls-Royce PLC, Case No. 19-1847 (7th Cir. 2020), in which the Seventh Circuit Court of Appeals concluded that 28 U.S.C. § 1782 does not include international arbitration proceedings. As noted in our prior alert, the Seventh Circuit, in its September 2020 decision, declined Servotronics’ request for discovery assistance in connection with a private arbitration in the United Kingdom. Servotronics petitioned the Supreme Court for certiorari to challenge…

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Happy Passover!

By Israel Group

March 25, 2021

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Israel Global Gateway

Technology, artificial intelligence in focus for the Biden Administration and the 117th Congress: Seen through the lens of competition with China

By Israel Group

March 22, 2021

As the new administration staffs up and Capitol Hill lawmakers begin to contemplate post-pandemic priorities, countering China’s advances in artificial intelligence and other disruptive technologies has emerged as a major driving force for US policymakers. This alert provides a summary of expected new AI-related legislation, an overview of a recent report by the National Security Commission on Artificial Intelligence, highlights of the Biden Administration’s approach to technology/AI as well as the key AI-related policymakers in…

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Guest Blog: Benefit plan provisions in the American Rescue Plan

By Israel Group

March 18, 2021

By: Anne Pachciarek | Virginia Lewey On March 11, 2021, President Joe Biden signed the American Rescue Plan Act. The $1.9 trillion COVID-19 relief package addresses the continued impact of the pandemic on the economy, public health, state and local governments, individuals, and businesses. The Act includes a third round of stimulus checks to individuals up to certain income limits, extended unemployment benefits, and funding for COVID-19 vaccines and testing. Notably, the Act contains several provisions affecting retirement…

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Noteworthy rule changes impacting transfer pricing documentation requirements for fiscal year 2020 and beyond

By Israel Group

March 17, 2021

2020 has been an unprecedented year filled with many uncertainties. In the transfer pricing world, the OECD has been busy addressing transfer pricing implications of the coronavirus disease 2019 (COVID-19) and Digital Services Taxation, and countries continued to implement changes to their respective transfer pricing documentations rules. This motivation stems from the long-term trend to strengthen documentation standards globally to better enforce transfer pricing rules. Documentation standards are one of the key enforcement tools…

Israel Global Gateway

Commodities Trading News and Trends

By Israel Group

March 15, 2021

Our goal is to help you successfully navigate the shifting currents while remaining competitive. Please enjoy this issue. Renewables Oil and gas companies commit to transparency on methane emissions reporting. An agreement entered into by the 62 companies that comprise the Oil and Gas Methane Partnership (OGMP) may herald increasing transparency among oil and gas companies in their methane emission reporting. In late 2020, the OGMP’s member companies agreed to a target of 45 percent methane…

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The Drivers of SPACs and Why They are Here to Stay: Healthcare Q&A Series

By Israel Group

March 8, 2021

At the DLA Piper 2021 Healthcare Leadership Conference, both Josh and Jeff will join a panel to discuss the latest developments in capital markets for healthcare companies including SPACs. technology and life sciences companies as well as investors on their formation, equity and debt financing, mergers and acquisitions and general corporate and commercial transactional matters. Jeff has specific experience advising on the creation and funding of SPACs. Q: In your opinion, what is driving the…

Israel Global Gateway

Connecting Israel to the World

Blog Authors

Guest Blog: Managing Mexican mandatory disclosure rules

Latest regulatory changes reduce burden for software and technology companies under US export controls

Financial services in the cannabis industry: A compliance guide

US Supreme Court to decide whether 28 U.S.C. § 1782 includes international arbitration

Happy Passover!

Technology, artificial intelligence in focus for the Biden Administration and the 117th Congress: Seen through the lens of competition with China

Guest Blog: Benefit plan provisions in the American Rescue Plan

Noteworthy rule changes impacting transfer pricing documentation requirements for fiscal year 2020 and beyond

Commodities Trading News and Trends

The Drivers of SPACs and Why They are Here to Stay: Healthcare Q&A Series

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