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INTRODUCTION
The World Trade Organization (WTO) recently noted that world trade is continuing to face strong headwinds in 2019 and 2020 after already growing more slowly than expected in 2018. International trade is weighed down by several factors, including, inter alia, new tariffs and sanctions affecting widelytraded goods, weaker global economic growth, volatility in financial markets and tighter monetary conditions in developed countries. Heightened trade tensions cannot explain all of the trade slowdown but they have undoubtedly played a significant role as consumers and firms alike have anticipated new trade measures taking effect. As nearly every unilateral trade measure is accompanied by a retaliatory act, trade tensions have wide international repercussions. Likewise, foreign investment control has become a top enforcement priority throughout several jurisdictions thereby slowing down the creation of new trade relationships.
Against this background and with the multilateral negotiations under the auspices of the WTO locked in stalemate, the focus of trade politics is currently on bilateral agreements such as the EU-Mercosur trade agreement and Economic Partnership Agreement between the EU and Japan. Those free trade agreements are sending a powerful signal that some of the world’s biggest economies still reject protectionism. However, especially in times of increasing trade tensions, it is vital that the rulesbased multilateral trading system, with the WTO at its core, is upheld and reinforced. Among others, the failure of the TTIP negotiations and the still possible No-Deal Brexit scenario prove that a strong and sound multilateral trading system is indispensable as the foundation of international trade.
World Law Group (WLG) member firms’ day-today work is affected by the ongoing international trade tensions. Our trade practices include creating customized solutions to help clients achieve their business objectives when
facing new trade barriers such as tariffs and sanctions.
This Report provides you with an overview on top trade policy priorities and challenges in several WLG member jurisdictions, outlining the overall approach country-by-country on international trade and specifying concrete
policy measures applied such as new tariffs, sanctions and FDI control. Finally, our trade experts describe how the nature of their practice has evolved over the last two years and what further challenges they foresee down
the road.
Download the Trade Guide
Member Firm News
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Member Firm News
Turkey is politically stable and can potentially turn a predicament into an opportunity, given its strategic geographic location. The country also has a young and well-educated population, relatively inexpensive labor, and favorable exchange rates– an inviting combination for foreign investors who are looking to expand into new jurisdictions....
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Legal Updates
Germany: Important for start-ups: Confidentiality Agreements and Material Transfer Agreements (MTAs)
A crucial step for start-ups on the road to success is ensuring that their innovations and trade secrets are adequately protected. In an increasingly competitive business world, confidentiality agreements and material transfer agreements (MTAs) have become indispensable tools.
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Member Firm News
With record-breaking levels of Foreign Direct Investment in 2023 and supportive economic frameworks in place from the government, Malaysia is a very competitive investment destination. Member firm Shearn Delamore & Co. is ready to aid those who wish to enter their markets, having established focus committees for regulatory and anti-bribery/...
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Member Firm News
Lane Powell, member firm for USA- Washington, has offices across the Pacific Northwest (Washington, Oregon, and Alaska) and is proud of its longstanding client relationships in Asia, which solidify its position as a gateway to and from the Pacific Rim. The Pacific Northwest has a strong technology scene comprising everything from start-ups to...
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Member Firm News
Australia is a prosperous and stable nation, offering abundant opportunities for foreign investment across diverse industries. Australia's proximity to major markets like China, Singapore, Japan, and South Korea makes it a crucial hub for trade and investment, particularly in mining, agriculture, and finance. MinterEllison, WLG member firm for...
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Member Firm News
Greece's geographical position as a gateway between the East and West renders the country highly attractive for investments in transport to take advantage of these increasing trade flows in an efficient and cost-effective manner. Culturally, personal relationships play a large role in Greek business culture, and verbal agreements are considered...
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Member Firm News
MinterEllisonRuddWatts, member firm for New Zealand, calls itself future-focused.
They are proud to lead the way in the country's financial services, FinTech, and renewable energy industries in particular, and were the first New Zealand firm to explore the power of Artificial Intelligence (AI) with a joint venture in 2017.
Learn more about...
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Legal Updates
Many of us have our traditions to ring in a new year: taking down holiday decorations, making New Year’s resolutions, and organizing our homes and offices. But employers, especially in the Pacific Northwest, now have another New Year’s tradition: bracing themselves for a host of new employment laws.
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Legal Updates
In international contract cases, an agent’s authority can sometimes be disputed. When that happens, one needs to understand which law will decide whether the agent acted with authority. Dispute Resolution partners, Gearoid Carey and Gerard Kelly review a recent Court of Appeal decision which confirm
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Member Firm News
Guyer & Regules, member firm for Uruguay, is proud to be considered a top firm in their country, frequently entrusted for international and domestic legal, accounting, and tax matters. They discuss the high points for investors, including the country's emergence as a regional hub for the fintech sector due to the tax benefits, technological...
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Member Firm News
Mexico has established legal, accounting, and regulatory systems consistent with international norms and has improved nine places since 2017 in the Transparency International Corruption Perception Index. Paired with its competitive labor and manufacturing costs, this makes it a favourable country for foreign investment. Learn more about the...
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Member Firm News
Member firm for Chile, Urenda, Rencoret, Orrego y Dörr , shared valuable insights into doing business in their country— "For a long time, Chile has been an attractive destination for foreign investment despite its relatively small domestic market. The country has a solid legal system, low corruption rate, diversified economy, general respect...
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Member Firm Events
Philippines: PIArb conducts training sessions on the role of management in International Arbitration
The training sessions, which were held on February 13, 2023 at SyCipLaw Center, Makati City, were tailor-made for in-house counsel, managers, and other senior executives to give them practical advice on drafting and negotiating arbitration agreements, selecting arbitrators and external counsel, managing internal resources for arbitration...
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Legal Updates
The Revised 2022 IRR retains the requirement that, for projects requiring a public utility franchise for its operation, the operator must be (i) a Filipino, or (ii) if a corporation, must be duly registered with the Securities and Exchange Commission and owned up to at least 60% by Filipinos; or (iii) if a consortium of local and foreign firms,...
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Legal Updates
Framework agreements are widely used in the public sector as they offer a fast and cost effective method of procurement. Following on from its publication of " The Construction Playbook " in December 2020, the Cabinet Office commissioned a report into the use of construction frameworks in the public sector: " Constructing the Gold Standard: An...
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Legal Updates
On Friday, February 4, 2022, President Biden signed an Executive Order on Use of Project Labor Agreements (“PLAs”) for federal construction projects. The logic behind the Executive Order is that construction projects pose unique challenges: 1) construction employers do not typically have a permanent workforce, making it difficult to predict...
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Legal Updates
On 27 January 2022, Law Decree No. 4, known as the “Sostegni-ter Decree”, (the “ Decree ”) was published in the Italian Official Journal and entered into force on the same date, in order to mitigate, among others, the impact of the recent energy price increases and to protect consumers. One of the most significant measures introduced by the...
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Recordings & Podcasts
In a conversation with Drago Kos, Chair of the Organisation for Economic Co-operation and Development (OECD) Working Group on Bribery (WGB) in International Business Transactions, he discussed the new requirements for companies that the OECD is envisaging to recommend as part of the ongoing consultation process to review the 2009 OECD...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
|
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
|
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Legal Updates
Our Venture Capital Group collaborated on an expansive guide covering more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on VC deals (and more!). The objective of this publication is to serve as a Q&A-style multi-jurisdictional guide to venture capital law in countries where WLG...
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