International Trade

  • June 25, 2025

    2nd Circ. Blocks Reed Smith Doc Turnover Order In Eletson Row

    The Second Circuit on Wednesday granted Reed Smith LLP's emergency motion to stay a Manhattan federal judge's order to turn over client files amid a conflict over the legitimate ownership of international shipping company Eletson, which is in a dispute with competitor Levona.

  • June 25, 2025

    Class Certified In Suit Over Oil Market's Historic Price Crash

    A Chicago federal judge has certified a class of futures traders who claim Vega Capital London Ltd. and 12 of its traders caused a historic oil crash with an aggressive price manipulation scheme that resulted in oil futures going negative for the first time, saying the plaintiffs have met all the requirements for certification.

  • June 25, 2025

    PetroSaudi Slams Liquidators' Bid To Pause $380M Award Suit

    A PetroSaudi unit pursuing enforcement of a $380 million arbitral award has asked a California federal judge to deny a request by the company's liquidators to pause a federal government suit targeting the award over its alleged connection to funds embezzled from Malaysia.

  • June 25, 2025

    Michigan Man Gets 2 Years In 'Despicable' Pill, Fraud Scheme

    A Michigan resident was sentenced Wednesday to two years in prison by a Massachusetts federal judge who called the defendant's role in a prescription pill smuggling and pandemic aid fraud scheme "despicable."

  • June 25, 2025

    Citi Accused Of Complicity In $20M NFT 'Pig Butchering' Scam

    Citibank NA has been hit with a lawsuit in New York federal court by a Texas man accusing it of ignoring red flags that allowed scammers to use accounts at the bank to siphon nearly $4 million from his family trusts after he fell for a social media romance scam involving non-fungible tokens.

  • June 25, 2025

    Trade Court Cannot Stop Trump's Tariffs, Gov't Tells Fed. Circ.

    The U.S. Court of International Trade hamstrung President Donald Trump in ongoing global trade negotiations when it blocked emergency tariffs he had imposed and deemed them unlawful, the government told the Federal Circuit on Tuesday, urging it to reverse the lower court's ruling.

  • June 25, 2025

    The 5 Big Enforcement Trends White Collar Attys Must Know

    The Trump administration has made clear its intent to prioritize U.S. interests, eliminate transnational cartels and cut government fraud, waste and abuse — but questions remain about the administration’s approach to foreign bribery, crypto, public corruption, self-disclosure and clemency as we head into the second half of the year.

  • June 25, 2025

    Do Kwon Trial Judge Has Eye On Federal Crypto Legislation

    Federal legislation that could codify stablecoins as payment-related assets — not securities — has the potential to impact the Manhattan U.S. attorney's $40 billion criminal case against Terraform founder Do Kwon, a federal judge said Wednesday.

  • June 25, 2025

    11 Arrested In €520M VAT Fraud Investigation, EPPO Says

    Italian authorities arrested 11 people in Italy on suspicion that they participated in a massive €520 million ($604 million) value-added tax fraud scheme tied to mafia operations, the European Public Prosecutor's Office said.

  • June 24, 2025

    Wash. Judge Blocks Trump Admin's EV Charging Funds Freeze

    A Seattle federal judge Tuesday issued a preliminary injunction blocking the Trump administration from withholding funds for electric vehicle charging infrastructure projects in 14 states, but stopped short of applying it to two other states and Washington, D.C., and stayed the order to give the administration time to appeal.

  • June 24, 2025

    Cargo Explosion Prompts $32M Va. Suit Amid London Claim

    A freight operator has asked a Virginia federal court to let it seize approximately $32 million in maritime property as it pursues arbitration in London for that same amount of damages after its coal cargo exploded while aboard a vessel headed to China last November.

  • June 24, 2025

    State AGs Sue Trump Admin To Stop Billions In Grant Cuts

    A coalition of 21 states and the District of Columbia filed suit Tuesday in Massachusetts federal court, accusing the Trump administration of unlawfully using a single clause "buried in federal regulations" to nix billions of dollars in federal grant funding to the states.

  • June 24, 2025

    Swiss Shipping Co. Can't Dodge Default In Cargo Dispute

    A D.C. Circuit panel on Tuesday upheld the Federal Maritime Commission's default judgment against MSC Mediterranean Shipping Co. SA stemming from a pandemic-era cargo space dispute with a Pennsylvania-based shipper.

  • June 24, 2025

    Gazprom Must Pay $1.37B In Naftogaz Contract Fight

    Ukraine's state-owned oil and gas company has claimed victory in a $1.37 billion arbitration against Gazprom after the Russian state-owned energy giant allegedly failed to pay for natural gas transit services.

  • June 24, 2025

    GOP Budget Would Protect US From OECD Taxes, Rep. Says

    Senate tax writers working on the $3.8 trillion budget reconciliation bill should support its international tax provisions intended to protect U.S. multinationals from paying higher taxes under the OECD's framework, a House Ways and Means Committee member said Tuesday.

  • June 24, 2025

    Co. Slams 'Overheated' Reed Smith Brief In Shipping Row

    Reed Smith should not be allowed to halt court proceedings amid its effort to hold onto a client file sought by postbankruptcy owners of Eletson Holdings Inc., a reorganized international shipping company, amid its ongoing dispute with Levona Holdings Ltd., according to briefs both sides filed before the Second Circuit.

  • June 24, 2025

    Boeing Says COVID-Era Docs Needed In Suit Over 737 Sales

    Boeing is urging a Washington federal court to compel a defunct South African airline to turn over documents about its financial state and the effects of the COVID-19 pandemic on its business from 2019 to 2021, as the plane maker fights a suit alleging it hid the flaws of its 737 Max line.

  • June 24, 2025

    CMA Outlines Potential Fixes For Google Search In UK

    Britain's competition authority on Tuesday proposed applying the country's new digital markets regime to Google's search service and said it is considering potential interventions, including requiring choice screens and setting rules for search rankings.

  • June 23, 2025

    DC Judge Wants More Details On Voice Of America Cuts

    A D.C. federal judge on Monday signaled doubt that the Trump administration was obeying his order to keep Voice of America up and running while a coalition of journalists, unions and a reporter advocacy group sue to keep the news agency intact.

  • June 23, 2025

    Drink Co., Founder To Pay SEC $1.1M Over Faux Rihanna Deal

    A beverage company and its founder have agreed to give the U.S. Securities and Exchange Commission over $1.1 million as part of a resolution of claims they misused investor funds and inaccurately suggested they were poised to collaborate with pop star Rihanna.

  • June 23, 2025

    9th Circ. Backs $26M Fraud Penalty Against Importer

    The Ninth Circuit on Monday upheld a $26 million tripled fraud verdict against a pipe importer over allegations it made false statements on customs forms to avoid paying tariffs on some imports from China, rejecting the company's argument that the Tariff Act leaves no room to invoke the False Claims Act.

  • June 23, 2025

    US Says $1B Keystone XL Pipeline Claim Must Be Axed

    The U.S. has urged an international tribunal to nix a $1.14 billion claim brought by a publicly owned marketing firm for Alberta's crude oil industry over the cancellation of the Keystone XL pipeline, repeating arguments that the panel lacks jurisdiction to consider the dispute.

  • June 23, 2025

    Asus Beats Lenovo's Patent-Based Bid To Bar Laptop Imports

    The U.S. International Trade Commission has terminated a case related to Chinese computer firm Lenovo's efforts to use patent laws to block Taiwanese electronics-maker Asus from importing some of its Zenbook laptops.

  • June 23, 2025

    Weil Gotshal Hires Akin Gump Tax Partner In NY

    Weil Gotshal & Manges LLP announced Monday the hiring of a partner at Akin Gump Strauss Hauer & Feld LLP as a tax partner out of Weil's New York office.

  • June 23, 2025

    Justices Nix $23M Venezuela Chemical Co. Suit

    The U.S. Supreme Court on Monday turned away a Venezuelan state-owned petrochemicals company's petition challenging the enforcement of a $23 million debt owed to a Florida chemical wholesaler, a case that sought clarity on which party has the burden of proving whether sovereign immunity applies.

Expert Analysis

  • 'A Deal Is A Deal': Tariffs No Excuse To Dodge Contract Terms

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    Tariff policy uncertainty is unlikely to be a basis for allowing a party to avoid contractual obligations, but businesses can still plan for future disputes related to pricing, operations and the supply chain, including with the addition of tariffs to any force majeure provision, say attorneys at Arnold Porter.

  • How Attorneys Can Become Change Agents For Racial Equity

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    As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.

  • Unicoin Case Reveals SEC's Evolving Enforcement Posture

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    The U.S. Securities and Exchange Commission's recent fraud allegations against cryptocurrency company Unicoin send a clear message that while the Trump administration supports digital asset development, it will act decisively against deception, inflated valuations and false assurances, says David Zaslowsky at Baker McKenzie.

  • Public Cos. Must Heed Disclosure Risks Amid Trade Chaos

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    Ongoing uncertainties caused by President Donald Trump's shifting stances on tariffs and trade restrictions have exponentially escalated financial reporting pressures on public companies, so businesses must ensure that their operations and accounting practices align with the U.S. Securities and Exchange Commission's standards, say Jennifer Lee at Jenner & Block and Edward Westerman at Secretariat Advisors.

  • Series

    Running Marathons Makes Me A Better Lawyer

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    After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.

  • DOJ Policy Shifts May Resurrect De Facto 'China Initiative'

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    The U.S. Department of Justice's recently unveiled white collar enforcement strategy seemingly marks a return to a now-defunct 2018 policy aimed at combating national security concerns with China, and likely foretells aggressive scrutiny of trade and customs fraud, sanctions evasion, and money laundering, say attorneys at BakerHostetler.

  • Series

    Law School's Missed Lessons: Supporting A Trial Team

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    While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.

  • Opinion

    Address Nationwide Injunction Issues With Random Venues

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    Many of the qualms about individual district court judges' authority to issue nationwide injunctions could be solved with a simple legislative solution: handling multiple complaints about the same agency action filed in different district courts by assigning a venue via random selection, says Harvey Reiter at Stinson.

  • Series

    Adapting To Private Practice: From US Attorney To BigLaw

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    When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.

  • How The DOJ Is Redesigning Its Approach To Digital Assets

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    Two key digital asset enforcement policy pronouncements narrow the Justice Department's focus on threats like fraud, terrorism, trafficking and sanctions evasion and dial back so-called regulation by prosecution, but institutions prioritizing compliance must remember that the underlying statutory framework hasn't changed, say attorneys at Blank Rome.

  • The Ins And Outs Of Consensual Judicial References

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    As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.

  • Dutch Ruling Adds To EU Consensus On Investment Arb.

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    The Gerechtshof Amsterdam's recent decision in LC Corp. v. Poland marks a decisive development in the turbulent landscape surrounding intra-European Union bilateral investment treaties, exemplifying the growing judicial resistance to the enforcement and continuation of intra-EU arbitration proceedings, says Josep Galvez at 4-5 Gray's Inn Square.

  • Staying The Course Amid Seismic DOJ White Collar Changes

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    While some of the big changes at the U.S. Department of Justice during the second Trump administration — like an embrace of cryptocurrency and more politicized prosecutions — were expected, there have also been surprises, so practitioners should advise clients to stay focused on white collar compliance in this unpredictable environment, say attorneys at Keker.

  • Opinion

    The BigLaw Settlements Are About Risk, Not Profit

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    The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.

  • House Bill Tax Tweaks Would Hinder Renewable Projects

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    Provisions in the budget reconciliation bill recently passed by the U.S. House of Representatives would rapidly phase out clean energy tax credits, constrain renewable energy financing arrangements and impose sweeping restrictions on projects with foreign ties, which may create compliance and supply chain issues for many developers, say attorneys at Paul Hastings.

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