The US Supreme Court on Thursday reversed a ruling that allowed several individuals to sue food corporations Nestlé USA and Cargill over child slavery claims, limiting corporate liability under the Alien Tort Statute. The case which the Supreme Court decided was Nestlé USA, Inc. v. Doe I, consolidated with Cargill, Inc. v. Doe I. In [...]
The Supreme Court ruled unanimously Thursday in favor of Catholic Social Services, an adoption and welfare agency, in a discrimination case. The City of Philadelphia contracted with the agency for foster care services. Philadelphia declined to renew Catholic Social Services’ contract with the city because it was out of compliance with a local regulation that [...]
The US Department of the Treasury’s Office of Foreign Asset Control (OFAC) added 12 individuals, entities and vessels to the Specially Designated Nationals (SDN) list Thursday for funding Houthi efforts in Yemen. In a press release, the Treasury said that the newly designated persons were engaged in a smuggling operation. The effort was led by [...]
China’s legislature passed a new anti-sanctions law Thursday following the enactment of blocking rules earlier this year. In January, China’s Ministry of Commerce published new rules designed to counteract extraterritorial application of other countries’ sanctions and export control laws. China has historically criticized Western nations for interfering in China’s internal affairs, but the blocking rule [...]
The G7 countries announced Saturday an agreement establishing a 15 percent global tax rate on large multinational corporations. Finance ministers from the US, UK, Canada, France, Japan, Germany, and Italy met in London to discuss the question of global taxation, which has been in discussion for almost ten years. As part of this deal, the [...]
The US Department of Treasury’s Office of Foreign Asset Control (OFAC) announced new sanctions on three Bulgarian individuals and sixty-four companies over allegations that the sanctioned entities and individuals were facilitating Russian influence in the Bulgarian government. The newly-announced sanctions center on two oligarchs, . Bojkov is a gambling magnate who fled Bulgaria after a [...]
The US Customs and Border Patrol (CBP) Friday issued a withhold release order against Chinese fishing company Dalian Ocean Fishing. Withhold Release Orders are targeted bans on the import of products from a company or region based on the use of forced labor. Recently, CBP also banned the import of cotton and tomatoes from Xinjiang over [...]
A Nevada resident was arraigned Friday on charges that she knowingly exported electronics and other goods to Iran in violation of US sanctions. The indictment alleges that Tina Chen purchased goods from US companies through her business, Top Zone Inc., and shipped them to Iran. The products were ultimately meant for Zanjan University, one of [...]
The European Parliament passed the first post-Brexit trade deal with the UK Wednesday—the Trade and Cooperation Agreement. The deal was agreed to on December 31, 2020, and was ratified by the European Parliament on April 28 by a vote of 660 for, five against. This deal was provisionally enacted in January in order to minimize [...]
The US Attorney for the Southern District of New York filed a criminal complaint on Friday against Singaporean national Kwek Kee Seng for illicitly transporting oil into North Korea. Kewk Kee Seng is charged with violating the International Emergency Economic Powers Act and conspiring to commit international money laundering. These charges arose after Kwek Kee [...]
