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Jacqueline Rotondi

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Jacqueline Rotondi practices commercial, regulatory, competition and international trade law as a member of Baker McKenzie's Global International Commercial and Trade Groups.

On 19 June 2023, Canada announced further amendments to the Special Economic Measures (Iran) Regulations in response to Iran’s “gross and systematic violations of human rights in different branches of Iran’s Revolutionary Courts.” These amendments list an additional seven individuals under Schedule 1 and entered into force on 19 June 2023.

On 27 May 2023 the Canada Border Services Agency introduced amendments to the Valuation for Duty Regulations, which will alter existing Canadian customs valuation rules. The amendments intend to clarify the “sale” used to establish the value for duty under the transaction value method for all goods imported into Canada.

Baker McKenzie’s Sanctions Blog published the alert titled Canada Announces Additional Sanctions in Response to Theft of Ukrainian Cultural Objects and Seizes Russian Cargo Aircraft on 16 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.  

Consumers and investors alike are increasingly shifting their focus towards both “green” products and investments in sustainable businesses and those with aspirational environmental and climate goals. Since environmental and sustainability claims have become ever more powerful marketing tools, they are also increasingly vulnerable to complaints of “greenwashing” — the practice of overstating the environmental characteristics or benefits of a company or a product.

On 27 May 2023 the Canada Border Services Agency introduced amendments to the Valuation for Duty Regulations, which will alter existing Canadian customs valuation rules. The Amendments intend to clarify the “sale” used to establish the value for duty under the transaction value method for all goods imported into Canada. Effectively, the Amendments propose a “last sale” approach to customs valuation, which has the potential to increase the declared value for duty of imported goods, directly increasing duties and taxes owing, and indirectly increasing the cost of doing business in Canada.

The Government of Canada recently introduced Part 1 of the budget implementation bill, which completed its second reading before the House of Commons and has been referred to the Standing Committee on Finance. The Bill proposes novel amendments, including “deemed ownership” provisions to the Special Economic Measures Act and the Justice for Victims of Corrupt Foreign Officials Act and it demonstrates that the Government intends to rely on existing anti-money laundering enforcement regimes to eliminate sanctions circumvention and enforce sanctions compliance. Additionally, the Bill seeks to expand the Government’s authority to prohibit activities with specific persons under the SEMA.