Last month I wrote about the Obama Administration’s plan to negotiate a U.S. and E.U. Free Trade Agreement in the next few years.
Lots of folks think its an excellent idea.
And so do I.
However, there is at least one commenter who thinks that U.S. and E.U. trade negotiations is a terrible idea. Continue Reading
The venerable Mimi Whitefield of the Miami Herald is reporting that 2012 was a record-breaking year for international trade in the Miami Customs District with $124.73 billion worth of trade being exchanged.
According to Whitefield, Miami district exports increased to a record $73.3 billion, up nearly 6 percent from the previous year, and imports totaled a record $51.4 billion — a 17 percent increase.
Fueling international trade in part was the recent passage of the U.S. and Colombia Free Trade Agreement.
Yesterday it was announced that Warren Buffet’s Berkshire Hathaway partnered with Brazilian equity fund 3G to purchase iconic American ketchup maker Heinz in a blockbuster $23 Billion deal.
Just a day after the deal, the SEC obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to reap more than $1.7 million from trading in advance of yesterday’s news about the acquisition of H.J. Heinz Company. Continue Reading
Valentine’s Day is big business around the world.
In the U.S. alone, customers will spend around $18.6 billion on Valentine’s Day, with the average person spending around $131, according to a survey conducted by the National Retailers Association.
In the U.K., consumers will spend an estimated $2 Billion.
Whether you’re in China, Japan, Europe or Latin America, there’s a good chance that you’re celebrating Valentine’s Day today.
What began as a local holiday to commemorate the actions of a rogue priest in third-century Rome, has now become a global holiday to celebrate love. Continue Reading
The Florida Bar’s International Law Section will be hosting its 11th annual International Litigation and Arbitration Conference on March 1, 2013.
The event will be held at the stunning Biltmore Hotel in Coral Gables, FL, located a short distance from Miami International Airport.
I will be speaking on the panel “How Should Counsel Use Trade Agreements in Commercial Disputes?”
The program has something for everybody.
Among the topics to be covered are the following:
Be sure to visit the Florida Bar’s International Law Section webpage for more details.
It’s about time the American Bar Association recognized that the globalization of law is a “trend” that’s here to stay.
I say this because the ABA House of Delegates just passed a resolution that would allow foreign attorneys to work in the U.S. as in-house counsel.
The fact is that seven states already allow international attorneys to work as in-house lawyers in the U.S. offices of their clients.
Resolution 107A amends Rule 5.5(d) of the ABA Model Rules of Professional Conduct concerning unauthorized practice and multijurisdictional practice.
The revised language states that international attorneys may work as in-house counsel in the United States. Continue Reading
With the amount of international business transactions originating or otherwise taking place in the U.S., it’s no surprise that the U.S. hosts a great number of nonresident aliens who have a financial stake in these business transactions.
Of course, that means that taxes will be owed.
It can all get complicated if you’re unfamiliar with the filing requirements.
I mention this because there’s an excellent post over at Forbes that provides a nice summary of the most common forms that are used for U.S. non-resident aliens: Continue Reading
China is now number one in world trade, according to Bloomberg.
In taking over the top slot from the U.S., China threatens to disrupt regional trading blocs across the globe, where the U.S. has been the dominant player.
The Bloomberg report noted that, while U.S. exports and imports of goods last year totaled $3.82 trillion, China’s 2012 tally came in at $3.87 trillion, just barely toppling the U.S. off its pedestal.
Jim O’Neill, chairman of Goldman Sachs’s asset management division noted that ”for so many countries around the world, China is becoming rapidly the most important bilateral trade partner.”
Looks like 2013 is shaping up to be a record-breaking year for international trade.
Several weeks ago I wrote about Ecuador’s efforts to enforce its $18 billion judgment against Chevron in the decades-old litigation over contamination of Amazon river basin.
In the latest development, an international arbitration tribunal at the Hague’s Permanent Court of Arbitration ruled that Ecuador violated the panel’s previous order to stop enforcement of a contested $19 billion judgment against the Chevron. Continue Reading
The Financial Times is reporting that the Obama Administration is contemplating a “Super” trade ministry.
The Super trade ministry would take in trade and business promotion as well as the Ex-Im Bank, an initiative that was initially sidelined by opposition in Congress.
You can read more about the story here.
Board Certified International Law Expert and Founding partner Santiago A. Cueto focuses his practice on international business law with an emphasis on international business litigation, arbitration and transactions. His practice is based in Miami, Florida.
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