On September 6, 2017, Belgium requested an opinion from the European Court of Justice (“ECJ”) on whether the investment protection rules set out in Chapter Eight of the EU-Canada Comprehensive Economic and Trade Agreement (“CETA”) conform to EU Treaties. This request stems from the last-minute deal between Belgium and its regional governments on October 27, 2016, which essentially sought to appease Wallonia’s concerns regarding investor protection and the new Investment Court System (“ICS”) and unblocking domestic opposition to the signing of CETA.
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International Trade
UK’s Proposals for Future Customs Arrangements Post-Brexit
By François-Charles Laprévote & Sujin Chan-Allen on
In a “Future Partnership Paper” released on August 15, the UK presented two options for a customs regime upon its exit from the EU.
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Transactions by foreign investors in respect of Russian businesses became subject to discretionary governmental control
By Cleary Gottlieb on
Posted in International Trade
On July 30, 2017, new Federal Law No. 165-FZ of July 18, 2017 entered into effect, introducing amendments (the “Amendments”) to Federal Law No. 160-FZ “On Foreign Investments in the Russian Federation” of July 9, 1999 and Federal Law No. 57-FZ “On the Order of Accomplishing Foreign Investment in Entities Having Strategic Importance for Procuring…