JD Supra Trade Law

Global Antitrust Enforcement Report Analysis

A&O Shearman has published a global antitrust enforcement report analyzing trends across over 30 jurisdictions. The report highlights a significant increase in cartel fines, reaching USD3.3 billion in 2025, and increased scrutiny of digital markets and investigative powers.

Yukos Enforcement: ICSID vs. New York Convention Award Approaches in England

The English Commercial Court, in Hulley Enterprises Ltd & Ors v. The Russian Federation, granted enforcement of ICSID awards but declined to enforce costs and interest-on-costs components of New York Convention awards related to the Yukos arbitrations. This decision highlights differing judicial gatekeeping approaches for ICSID and New York Convention awards in England.

Canada Eases Syria Sanctions on Imports, Exports, Investments, Services

The Government of Canada has eased significant sanctions against Syria, removing restrictions on imports, exports, investments, and financial services. Twenty-four entities and one individual were delisted, including major financial institutions, to facilitate economic recovery and investment.

Proposed Rule on Section 5949 NDAA Chip Supply Chain Ban

The FAR Council has issued a proposed rule to implement Section 5949 of the NDAA, clarifying prohibitions on certain Chinese semiconductor products and services in federal procurements. The rule aims to enhance supply chain security for government contractors and applies broadly to all federal acquisitions.

Supreme Court Ruling on IEEPA Tariffs Impacts Duty Refund Process

The Supreme Court has ruled against the use of the International Emergency Economic Powers Act (IEEPA) for enacting tariffs. While the ruling entitles importers to refunds, a specific process is still being developed by U.S. Customs and Border Protection (CBP) and the Court of International Trade (CIT). CBP is working on an ACE functionality to streamline refunds, with a target deployment in 45 days.

Global Antitrust Fines Reached $7.7 Billion in 2025

A&O Shearman's March 2026 report indicates global antitrust fines rose to $7.7 billion in 2025, the highest since 2021. While the total number of infringement decisions decreased, the report highlights a strategic shift by regulators towards more efficient enforcement, focusing on key sectors and utilizing "soft" tools alongside targeted "hard" fines for deterrence and precedent-setting.

UK Pharma Legal Developments and Trade Deal Updates

This briefing from Herbert Smith Freehills Kramer summarizes key UK legal developments in the pharmaceutical sector from 2025. It details a UK-US trade deal impacting pharmaceutical exports and discusses the UK Government's Life Sciences Sector Plan, which aims to enhance R&D, investment, and healthcare innovation.

Antitrust Enforcement Fines Regional Snapshots 2025

This document provides a visual breakdown of antitrust enforcement fines across Europe, APAC, and the Americas for 2025. It highlights regional differences in enforcement priorities and the types of conduct most commonly penalized by competition authorities, noting significant financial figures for Europe.

SEC Exempts Foreign Private Issuers Directors Officers From Section 16 Reporting

The SEC issued an order exempting directors and officers of certain foreign private issuers from Section 16(a) reporting obligations, effective March 5, 2026. This action provides relief to individuals in qualifying jurisdictions with substantially similar reporting requirements, as clarified by subsequent FAQs.

Insurance and Supply Chain Disruptions During Conflict

Pillsbury Winthrop Shaw Pittman LLP published guidance on navigating insurance coverage for supply chain disruptions during conflict, specifically referencing the Iran War. The article highlights potential coverage gaps in business interruption policies and advises businesses to proactively build records and review policy wordings.