JD Supra Trade Law

US Government Mobilizes War Risk Insurance for Middle East Commerce

The U.S. International Development Finance Corporation (DFC) will offer political risk insurance and guaranty products to stabilize international commerce and support businesses operating in the Middle East. This initiative aims to mitigate disruptions caused by conflict with the Iranian regime and stabilize the war risk insurance market.

US Directs Dismantling of Criminal Cartels in Western Hemisphere

The US government has issued an executive order directing federal agencies to dismantle criminal cartels and transnational gangs operating in the Western Hemisphere. The order mandates coordination with allied governments, military training for partner nations, and the use of all legal authorities to counter cartel-driven violence and corruption.

SEC Exempts FPI Directors/Officers from Section 16 Reporting

The SEC issued an order exempting directors and officers of certain foreign private issuers (FPIs) from Section 16 reporting obligations. This exemption applies to FPIs from qualifying jurisdictions with substantially similar regulations and provides relief ahead of the March 18, 2026, reporting deadline.

US and Mexico Coordinate Sanctions on Cartel Timeshare Fraud

The US Treasury's OFAC and Mexico's SHCP have coordinated sanctions against five individuals and 19 entities involved in timeshare fraud linked to the CJNG cartel. This action builds on previous designations and aims to combat cartel-linked financial crimes.

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.

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.

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.

Supreme Court Strikes Down IEEPA Tariffs; Trade Court Orders Refund Path

The U.S. Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) by the Trump administration were unlawful. Following this decision, the Court of International Trade has ordered a process for importers to seek refunds of these invalidated tariffs.

SEC Exempts Foreign Companies' D&Os from Insider Reporting

The SEC has issued an order exempting directors and officers (D&Os) of certain foreign private issuers (FPIs) from Section 16(a) insider reporting requirements. This exemption, effective March 18, 2026, applies to D&Os in qualifying jurisdictions like Canada, the EU, and the UK, relieving them of the obligation to report initial ownership and subsequent transactions within two business days.

SEC Exempts Foreign Private Issuer Directors/Officers from Section 16(a) Filings

The SEC has issued an order granting an exemption from Section 16(a) beneficial ownership reporting requirements for officers and directors of certain foreign private issuers (FPIs). This exemption applies to FPIs incorporated in qualifying jurisdictions with substantially similar disclosure regulations, such as Canada, the EEA, the UK, and others. The order aims to align with the Holding Foreign Insiders Accountable Act.