Trade Compliance

Court Orders Refund of Invalid Tariffs on IEEPA Goods

The U.S. Court of International Trade ordered U.S. Customs and Border Protection to refund invalid tariffs charged under the International Emergency Economic Powers Act (IEEPA). This ruling provides nationwide relief for importers, though an appeal is expected.

Court of International Trade Orders Refunds for IEEPA Tariffs

The Court of International Trade (CIT) has ordered U.S. Customs and Border Protection (CBP) to issue refunds for tariffs collected under the International Emergency Economic Powers Act (IEEPA). This decision follows a Supreme Court ruling invalidating these tariffs and applies to importers whose liquidations are not final.

Basel Committee Report on Synthetic Risk Transfer Markets

The Basel Committee on Banking Supervision has published a report analyzing the growth of synthetic risk transfer (SRT) markets, which provide capital relief for banks managing corporate credit risk. The report identifies trends and supervisory concerns, estimating protected assets at approximately EUR 750 billion.

UK Cryptoasset Prudential Regime Proposals

The UK FCA has proposed a new prudential regime for cryptoasset firms, introducing capital, liquidity, risk management, and governance requirements. This consultation aims to ensure firms have sufficient financial resources and operational continuity. The regime is expected to come into force in October 2027.

UK Employment Rights Act 2025 Reforms

The UK's Employment Rights Act 2025, passed on December 18, 2025, introduces significant reforms to employment law. These changes, phased in from 2026 to 2027, affect industrial action, family leave, statutory sick pay, and dismissal rights, with the establishment of a new Fair Work Agency.

Net-Zero GHG Emissions News and Views

Baker Botts L.L.P. has published Edition 42 of their 'P2N0 - News and Views on the Drive Towards Net-Zero GHG Emissions' newsletter. This edition, dated March 6, 2026, provides updates and insights on the global efforts to achieve net-zero greenhouse gas emissions.

High Court Re-Affirms 'One-Stop' Dispute Resolution in Arbitration Award Challenges

The English High Court has dismissed a challenge to an arbitral award, confirming an arbitrator's jurisdiction in a Section 67 challenge. The ruling reinforces the principle of 'one-stop' dispute resolution, particularly in settlement agreements, and clarifies the scope of an arbitrator's authority.

EU Industrial Accelerator Act: Focus on Green and Procurement

The EU has published a proposal for its Industrial Accelerator Act, shifting focus from high-tech sectors to decarbonizing heavy industry and introducing 'Buy European' rules for public procurement. The Act aims to bolster EU industrial capacity and competitiveness, with significant implications for supply chains and international trade relations.

Latin America Crime Risk Trends 2025-2026

This notice analyzes political, economic, and financial crime risk trends in Latin America for 2025-2026. It highlights the impact of electoral cycles, US national security policies, and organized crime on financial institutions and corporate governance across the region.

US and Hong Kong Stablecoin and Crypto-Asset Regulation Analysis

This analysis compares the regulatory approaches to stablecoins and crypto-assets in the US and Hong Kong as of March 2026. It highlights the US's evolving fragmented approach, including the GENIUS Act, and Hong Kong's unified, purpose-built licensing framework. The document aims to guide market participants through these distinct regulatory landscapes.