The creation of the metaverse is already underway and although there are still a multitude of technical and legal issues to address before it becomes a reality, its features are already beginning to emerge.
Taking off from the guide Crypto Around the World, the first of two episodes takes a broader look at general aspects of cryptoassets. Sue McLean, a partner in our London office, talks to the team that started this project: Iris Barsan, Julian Hui, and Chris Murrer. They cover high-level regulatory issues – both current and emerging – as well as retail investments in crypto.
The pandemic has accelerated the pace of digitization as business leaders look for solutions to recover lost ground and plan for the road ahead. As the world races along this digitization path, the role of intellectual property in the global economy is becoming more significant.
Mini vandePol, Gerald Lam and Andrea Kan of Baker McKenzie and Vivian Wu of FenXun Partners set out the framework of the various US and PRC sanction regimes, and discuss best practices for financial institutions to consider and implement.
In February through March 2021, we held our fifth FutureWorks conversation series, bringing together inspiring employment leaders from around the globe to analyze how organizations can embrace the large-scale trends changing the nature of work itself amid disruptive global events.
This alert provides a snapshot on how authorities have adjusted their dawn raid practice and procedures to handle unannounced inspections during lockdowns, and what you need to do to adjust your internal dawn raid procedures to a “hybrid” work environment in which staff split their time between the office and home.
Competition authorities around the world continue to sharpen their focus on markets for employee talent. The current push to scrutinize competition issues in labor markets can be traced to guidance issued in October 2016 by federal antitrust enforcers in the United States.
China has approved and enacted its first Export Control Law, the first export control legislation in China aimed at regulating the export of sensitive materials and technologies from China to overseas. Jay Ruan, Marcela Robledo, Alison Stafford-Powell, and Vivian Wu have an insightful discussion about what is covered by this new legislation and how it can possibly affect the US-China trade relations. Our panel of experts delve into the aspects of the Export Control Law that will have an impact on the technology industry and what steps can be taken to manage these.
Welcome to the March edition of this quarterly publication that includes a variety of legal and market focused articles on current topics of interest in the world of trade finance.
As always we hope that you enjoy this edition of Baker McKenzie’s Trade Finance Quarterly Insight and invite you to reach out to any of the contributors or indeed anyone else in the team should you wish to discuss any of the issues covered in this edition or have any other trade finance related queries.
On 5 March 2021, the UK Financial Conduct Authority (FCA) formally announced the dates of the future cessation or loss of representativeness of all 35 LIBOR settings currently published by ICE Benchmark Administration Limited (IBA).
This announcement:
constitutes an index cessation event under the International Swaps and Derivatives Association (ISDA) IBOR fallbacks supplement and the ISDA 2020 IBOR fallbacks protocol for all LIBOR settings
may trigger contractual requirements in certain LIBOR fallback provisions
fixes the spread adjustments in the ISDA Fallbacks Supplement and ISDA 2020 IBOR Fallbacks Protocol