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Tackling Foreign Regulatory Barriers—International Avenues - Vimarsana News

Tackling Foreign Regulatory Barriers—International Avenues

Canadian exporters in various sectors sometimes face barriers created by foreign laws, regulations or their interpretation. The vast majority of impediments take the form of product regulatory requirements such as product labelling or technical specifications, and for agricultural products such as meats and grains, food safety rules. These barriers may be contrary to the importing country's obligations under international trade agreements, particularly where they vary from internationally- accepted standards. However, litigating locally may be costly, and state-to-state dispute settlement must...

Aviation Finance & Leasing Guide 2022: Ireland - Aviation - Vimarsana News

Aviation Finance & Leasing Guide 2022: Ireland - Aviation

Whether there will be any VAT payable on the sale of an aircraft is determined by its physical location at the point of sale. If the aircraft is physically located in Ireland at the time...

Source: mondaq.com
Sanctions Round Up: Fourth Quarter 2020 - Vimarsana News

Sanctions Round Up: Fourth Quarter 2020

As the Trump Administration wound down, the President, through Executive Orders, and the State, Treasury, and Commerce Departments, through…

Multinationals With Operations In China May Be Feeling Caught Between A Rock And A Hard Place - International Law - Vimarsana News

Multinationals With Operations In China May Be Feeling Caught Between A Rock And A Hard Place - International Law

The growing economic and political tension between the U.S. and China has placed multinationals with operations in China in a tenuous position – comply with U.S. sanctions laws, and in return...

Source: mondaq.com
China Releases Rules to Address Extra-Territorial Applications of Foreign Laws | Jones Day - Vimarsana News

China Releases Rules to Address Extra-Territorial Applications of Foreign Laws | Jones Day

In Short The Development: China's Ministry of Commerce ("MOFCOM") released Rules on Counteracting Unjustified Extra-Territorial Application of Foreign Laws and Other Measures ("Rules") on January 9, 2021. Effective immediately, the 16-article Rules are aimed at safeguarding China's national sovereignty, security, and development interests, and protecting the legitimate rights and interests of Chinese citizens, legal persons, and other organizations ("Chinese Persons"). The Significance: Following a wave of export controls, sanctions, and other trade restrictions in Western countries target...