The NAFTA of the Pacific

On November 12, 2011, leaders of the nine Trans-Pacific Partnership countries – Australia, New Zealand, Malaysia, Vietnam, Singapore, Brunei, Peru, Chile and the United States – announced that they haD reached initial consensus on drafting an ambitious, 21st-century Trans-Pacific Partnership (TPP) agreement that will enhance trade and investment among the TPP partner countries. The TPP…

Investor-State Arbitration Provisions under Colombian-US Free Trade Agreement

Chapter 11 of the North America Free Trade Agreement (NAFTA) was the first international trade agreement provision to give foreign investors a direct cause of action for investment disputes against the host government in a binding international tribunal, commonly known as “investor-state arbitration.”  However, NAFTA investor-state arbitration continues to be a source of debate.  Critics…

Protecting Your Trademark in the UAE

Most company executives often focus on setting up businesses in new jurisdictions, expanding an existing business or improving the quality of their goods or services. However, they often overlook the critical need to protect their valuable trademarks in the enthusiasm of increasing profitability of the company. Achieving immediate business goals is crucial, but it is…

Sanctions in Iran: How Effective Are they?

Sanctions are increasingly used to combat terrorism and to discourage regimes or individuals from acting in ways condemned by the international community or individual nations. However, the burning question is—How effective are these sanctions? In Iran’s case, economic sanctions have not stopped Iran’s leaders from moving forward with a nuclear program. They have instead prompted…

Foreign Direct Investment in Venezuela

Economic and political instability, nationalization, increasing government intervention, and restrictive legal framework has made Venezuela’s investment climate considerably less welcoming as compared to the past. This article examines the current challenges for foreign investment in Venezuela. It also provides an update on Mobil Corporation and others v. Bolivarian Republic of Venezuela, in which an International…

New Privacy Laws in India and China: A Barrier to Outsourcing

Indian Outsourcing operationsNew rules that significantly alter the privacy landscape in India and have profound implications for multinational companies outsourcing business to India or operating in India became effective April 13, 2011, when India introduced the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules. Meanwhile as India inks and…