Trump Orders “Buy American and Hire American”

Wind-Swept-US-FlagFollowing through on his promise to put “America first,” President Donald Trump signed an Executive Order (EO) on April 18 titled “Buy American and Hire American,” a two-part document addressing both US federal procurement and immigration programs. Our international trade and public policy teams together analyzed the provisions contained in the EO and offer explanations on what the EO means and its implication. View Full Post
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OFAC Offers New Guidance On Getting Off SDN Blacklist

On April 20, 2017 the Department of Treasury’s Office of Foreign Assets Control (OFAC) offered new guidance for individuals and entities (and their counsel) who seek to have their names removed from OFAC’s list of Specially Designated Nationals (SDN). The guidance comes in the form of updates to OFAC’s Frequently Asked Questions and sets forth the procedures for petitioning for removal from the SDN list.   View Full Post
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Will New Spanish Dividend Rules Cause Pain for Private Equity in Spain?

By | Latham.London | April 21, 2017
By Ignacio Dominguez Recently effected reforms to Spanish dividend protections for minority shareholders should cause European dealmakers to review deal terms more closely in 2017. Outright acquisition of businesses is unusual in Spain, 83% of Spanish private equity transactions completed since January 2016 involve the acquisition of less than 100% of the target. View Full Post
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Battle of the Feds: End of the Conflict Between INPI and ANVISA On the Registration of Pharmaceutical Product Patents

By | LATAM LAW | April 21, 2017
After 15 years, the feds have finally decided to unlock the system. In order to address certain amendments and add-ons to Law No. 9,276/96, the so-called Intellectual Property Law, in 2001 Brazil’s National Congress promulgated Federal Law No. 10,196. Despite appointing several technical and procedural parameters related to the National Industrial Property Institute (INPI), this law also brought an interesting – and controversial – legislative approach to the economic regulation of the pharmaceutical market, since it bonded the concession of patens in this sector to “prior consent” from the National Health Surveillance Agency (ANVISA”). View Full Post
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BBA Guidance On MiFIR Transaction Reporting Short Selling Indicator

The British Bankers’ Association (BBA) has published a guidance on the short selling requirements in the transaction reporting regime under MiFID II. The BBA explains that MiFIR transaction reporting introduces a number of new requirements, including a new field requiring the completion of a “short sale indicator” for transaction reports. View Full Post
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