The Canada Border Services Agency Has Authority to Seize Hate Propaganda

By | Canada-U.S. Blog | August 17, 2017
The Canada Border Services Agency (“CBSA”) is the gatekeeper and hate propaganda is a prohibited importation under item 9899.00.00.00 of the Customs Tariff (Canada).  Don’t bring hate propaganda to Canada and do not send hate propaganda to Canada and don’t attempt to import hate propaganda into Canada – unless you would like the CBSA to seize it and destroy it. View Full Post
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Curing Corporate Missteps Under Delaware Corporate Law

By | Emerging Companies Insider | August 17, 2017
The Problem As every founder knows, starting and scaling a company is an extremely difficult and multi-faceted undertaking. In addition to the primary goals of developing a viable product, finding (and in some cases building from scratch) a robust market, and raising the capital necessary to sustain and scale their business and operations, founders and their core teams also grapple with the day-to-day management and operations of a growing enterprise, whether that be personnel issues, forecasting cash needs and burn rates or tackling the legal and regulatory hurdles that often go hand-in-hand with the creation of disruptive technologies. View Full Post
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Upcoming/New CFIUS Filing: Public Sector Pension Investment Board/Vertuous Energy Canada Inc. and Panhandle Wind Holdings 2 LLC

Status:  Upcoming/New Filing (updated)   Acquirer:  Public Sector Pension Investment Board (Canada); Vertuous Energy Canada Inc. (Canada) Acquired:  Panhandle Wind Holdings 2 LLC (US) Value:  Approximately US$58.8 million Industry:  Energy On June 16, 2017, Pattern Energy Group Inc., a renewable energy company with a portfolio of 20 wind power facilities in the United States, Canada, and Chile, entered into several Purchase and Sale Agreements with Vertuous Energy Canada Inc. View Full Post
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Private Company Liquidity Programs

By | MOFO Jumpstarter | August 17, 2017
Nasdaq Private Market reports increased activity in private company liquidity programs. Companies that are choosing to stay private longer are using structured and controlled liquidity as a recruitment and retention tool, according to the Nasdaq report. In the first half of 2017, the Nasdaq Private Market Platform had 19 liquidity programs, with a total program volume of $733 million and 1,765 program participants. View Full Post
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Upcoming/New CFIUS Filing: Husky Oil Operations/Husky Superior Refining Holding Corp. and Calumet Superior, LLC

Status:  Upcoming/New Filing   Acquirer:  Husky Oil Operations Limited (Canada); Husky Superior Refining Holding Corp. (US) Acquired:  Calumet Superior, LLC (US) Value:  Approx. US$435 million Industry:  Oil and Gas On August 11, 2017, Calumet Lubricants Co., Limited Partnership, an Indiana limited partnership and a wholly-owned subsidiary of Calumet Specialty Products Partners, L.P. View Full Post
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Upcoming/New CFIUS Filing: John Wood Group PLC and Amec Foster Wheeler PLC

Status:  Upcoming/New Filing   Acquirer:  John Wood Group PLC (Scotland) Acquired:  Amec Foster Wheeler PLC (England) Value:  Approximately £2.225 billion (US$2.884 billion) Industry:  Engineering; Oil and Gas On June 15, 2017, the shareholders of Amec Foster Wheeler PLC, an English engineering and project development company in the “Oil, Gas & Chemicals, Mining, Power & Process and Environment & Infrastructure markets,” (Amec Foster Wheeler “About Us” web page), and the John Wood Group PLC, a Scottish based company that “provides a range of engineering, production support and maintenance management services to the energy and industrial sectors worldwide,” (John Wood Group “Investors” web page), “approved Wood Group’s recommended all-share offer for Amec Foster Wheeler.”  (John Wood Group Press Release, Shareholders approve the recommended all-share offer by John Wood Group PLC, June 15, 2017.)  According to the All-Share Offer document, the transaction is conditioned on various regulatory approvals, including the receipt of approval from CFIUS.  View Full Post
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OFCCP Announces “Compliance Assistance” Town Hall Meetings

On August 16, 2017, OFCCP announced that, as part of its efforts to provide compliance assistance to federal contractors, it will be holding three town hall meetings. The meetings will be open to the public and held in Washington D.C., San Francisco, CA, and Chicago, IL. View Full Post
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UK Government Publishes Post-Brexit “Future Customs Arrangements Paper”

On August 15, 2017, the British government unveiled a much anticipated “Future customs arrangements paper” that outlines the government’s views on post-Brexit relationship with the remaining 27 EU member countries (EU27). The debate on how the UK should handle its relationship with the EU27 is just beginning. View Full Post
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Scrambling After an Egg Crisis – EU Safety Guidance for Online Product Sales

By | Global Trade Law Blog | August 17, 2017
EU food safety authorities are still feeling the repercussions of the insecticide-contaminated eggs crisis. That crisis highlights the many challenges of dealing with unsafe and non-compliant products in a single European market, such as a lack of cooperation between EU authorities, traceability difficulties and widely varied national safety and testing standards. View Full Post
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