The US Federal Judicial Conference’s Advisory Committee on Civil Rules (the “Advisory Committee”) has proposed a series of amendments to the US Federal Rules of Civil Procedure—the rules that govern the conduct of civil proceedings in the US federal district courts. Among other issues, the amendments are intended to address and provide for proportionality in the discovery process, as well as the establishment of uniform standards for the imposition of sanctions where a party fails to preserve and produce discoverable information. Joseph G. Falcone, a partner in our New York office, discusses the amendments in detail here.
There are a number of upcoming webinars which are likely to be of particular interest to clients from across the Asian region.
- Negotiating the challenges of Myanmar – Thursday, 27 June 2013
In this webinar Herbert Smith Freehill’s Myanmar practice group looks at the opportunities and challenges for companies investing in Mynamar. The speakers will discuss, amongst other issues, the current regulatory environment for foreign investment and some practical challenges and risk management issues as regards market entry in the region. Please click here for further information on the webinar and how to register.
- What value your BIT protection now? – withdrawals, annulments and refusal to enforce, 4 July 2013
This webinar is provided by Herbert Smith Freehill’s global arbitration practice and is the second in a series focusing on Bilateral Investment Treaties following on from the successful introductory seminar ‘A Beginner’s Guide to BITs: What are they and why do you need them?’ in April. The panel will consider what the impact of the backlash against investment arbitration has been and how it will affect investors in the years to come. What does it mean for the Bilateral Investment Treaty protection that many have come to rely on when structuring an investment or venturing into a new market? Please click here for further information on the webinar and how to register.
- Enforcing arbitration awards on the fringes of EMEA, 12 July 2013
The focus of this webinar will be on local advice in relation to enforcement of arbitration awards in each of the regions encompassed within EMEA, namely Europe, the Middle East and Africa, using the experience and insight of our partners who cover these regions. Please click here for further information on the webinar and how to register.
On July 30, 2012, the US imposed sanctions on a PRC financial institution, Bank of Kunlun, for violating US sanctions against Iran. The sanctions effectively bar the bank from directly accessing the U.S. financial system, prohibiting it from opening correspondent or payable-through accounts in the United States. The decision marks the second time in the past six months that the US has imposed sanctions on a PRC organization for violating the sanctions regime against Iran. Kyle Wombolt, Dominic Roughton and Jessica Fei provide an update of developments below. Continue reading
Herbert Smith’s Myanmar Group assesses the legal challenges of investing in Myanmar, as interest in the country grows following recent political changes and relaxation of international sanctions regimes. Alastair Henderson, Hilary Lau and Kyle Wombolt provide some observations below. Continue reading