Category: International Trade

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Legal Trends 2016: China

February 22, 2016

ONE | CHINA-LISTED FIRMS BECOMING BUYERS Buyers listed on the Shanghai and Shenzhen stock exchanges will become more active in the international M&A marketplace in 2016, creating new avenues for liquidity for Canadian investors and new challenges for Canadian dealmakers. Despite a well-publicized correction in June and ongoing volatility through the second half of 2015, China’s stock markets continue to…

There’s No Place Like Home: CITT Rules Hotels Are Not Domestic Settings

February 18, 2016

Whether an imported good is for “domestic” or for “other” purposes is an important distinction for customs because importers of goods “for domestic purposes” must pay customs duties ranging from eight per cent to 9.5 per cent of the declared value of the goods, while goods for “other” purposes are duty-free when imported into Canada. This distinction is found at…

First Step to Re-engagement: Canada Rolls Back Iranian Sanctions

February 8, 2016

In an abrupt reversal of the trend of increasing sanctions against Iran, which Canada has followed since 2011, the Government of Canada announced on February 5, 2016, that it would be implementing significantly less stringent restrictions against trade with, and investment in, Iran. The announced amendments to the regulations that impose Canadian sanctions against Iran under the Special Economic Measures…

What the United States’ Weakened Embargo Against Cuba Means for Canadian Business

February 3, 2016

Canadian exporters and importers should pay close attention to the ongoing changes in United States-Cuba relations. After more than five decades of animosity between the two countries, U.S. President Barack Obama and Cuban President Raúl Castro announced in December 2014 that relations would be gradually normalized. Significant changes have been implemented over the past year. The U.S. removed Cuba from…

Look Ahead: 2016 Legal Trends

January 8, 2016

  While global markets can be unpredictable, we have assembled some key legal trends that may help you prepare for what lies ahead in 2016.  ​​​​   Anti-Spam   Capital Markets  ​ China    Commercial Real Estate Cybersecurity Employment & Labour Financial Services Regulatory Intellectual Property International Trade   Litigation & Dispute Resolution   Mergers & Acquisitions   Oil &…

Canada Positioned to Impose C$1-Billion in Retaliatory Surtaxes on Imports

December 8, 2015

Under international trade rules, as of December 7, 2015, Canada has the right to impose just over C$1-billion per year in surtaxes on goods imported from the U.S. This is due to a decision by a World Trade Organization (WTO) arbitrator who ruled that Canada may impose additional border taxes on any goods of its choosing in retaliation for the…

TPP and Foreign Investment Review: Canada Agrees to Increase ICA Threshold to C$1.5-Billion

November 9, 2015

The Trans-Pacific Partnership (TPP) was concluded on October 5, 2015, and the text was released to the public on November 5, 2015. The TPP is an ambitious free trade agreement between 12 countries in the Asia-Pacific region including Canada, the United States, Australia, Brunei Darussalam, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Among its 30 chapters, the…

Trans-Pacific Partnership: Canada, 11 Other Nations Conclude Historic Trade Deal

October 7, 2015

The Trans-Pacific Partnership (TPP) is an ambitious free trade agreement that has been in negotiations since 2010 among 12 countries, namely: Canada, the United States, Australia, Brunei Darussalam, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Collectively, these nations represent approximately 40 per cent of the world’s gross domestic product (GDP) (roughly C$28.5-trillion), one-third of all international trade…

Federal Election 2015: New Contribution Limits and Identification Requirements

July 29, 2015

  With a federal election scheduled for October 19, 2015, recent amendments to the Canada Elections Act will soon be put into practice. The Fair Elections Act (FEA) passed on June 12, 2014, has increased individual contribution limits and changed elector identification requirements.    CONTRIBUTION LIMITS   Contributions to political parties, associations or candidates by persons or entities other than…

Federal Election 2015: New Contribution Limits and Identification Requirements

July 27, 2015

  With a federal election scheduled for October 19, 2015, recent amendments to the Canada Elections Act will soon be put into practice. The Fair Elections Act (FEA) passed on June 12, 2014, has increased individual contribution limits and changed elector identification requirements.    CONTRIBUTION LIMITS   Contributions to political parties, associations or candidates by persons or entities other than…

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