Baker McKenzie’s Sanctions Blog published the alert titled Canada Imposes Additional Sanctions Against Russia: 14 Individuals and 34 Entities Targeted on 13 April 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Join us for a four-part webinar series as our US moderators welcome colleagues from around the globe to share the latest labor and employment law updates and trends. US-based multinational employers with business operations in Asia Pacific, Europe, the Middle East and Africa, and the Americas regions will hear directly from local practitioners on the major developments they need to know, and come away with practical tips and takeaways to implement.
The United States-Mexico-Canada Agreement went into force on 1 July 2020, replacing the North America Free Trade Agreement to support mutually beneficial trade between the parties. In this video, Baker McKenzie lawyers from each country share their reflections and the insights they’ve gained during the almost three years since the USMCA took effect.
Baker McKenzie’s Sanctions Blog published the alert titled Sanctions Enforcement Around the G7, The Canadian Perspective on 10 April 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 28 March 2023, Canada’s Minister of Finance tabled budget materials that propose significant changes to Canada’s General Anti-Avoidance Rule. These changes will create substantial uncertainty, increase companies’ tax risk, and add turbulence to the Canadian tax disputes landscape.
Baker McKenzie’s Sanctions Blog published the alert titled Canada prescribes Russia and Belarus as non-market economies on 4 April 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 28 March 2023, the Minister of Finance introduced Budget 2023, aptly titled a “Made-in-Canada Plan.” A key trade-related theme resonates throughout the Budget: futureproofing the Canadian economy to respond to realignment of global trade patterns. Budget 2023 highlights new policy based initiatives and legislative amendments to address, such as: the global race to net-zero economies and “industries of tomorrow”; “friendshoring” economies to limit dependence on authoritarian regimes for critical goods; domestic supply chain weaknesses; forced labor in Canadian supply chains; and circumvention of economic sanctions.
Recently, through its investigation into the retail pricing practices of a regional Canadian furniture retailer, the Competition Bureau of Canada has expanded the list of potentially problematic pricing claims to now include “urgency cues”, i.e., the use of marketing tactics to increase a consumer’s perception of having to act immediately and/or to elicit a “fear of missing out.”
On 23 March 2023, Canada announced amendments to the Special Economic Measures (Haiti) Regulations in response to “acts that threaten the peace, security, and stability of Haiti.” These amendments list an additional two individuals under the Schedule of the Regulations and took effect on 23 March 2023.
There are now nineteen individuals listed under the Schedule of the Regulations. All of the newly listed individuals are members of the economic and political elite who have “engaged in activities such as orchestrating attacks as well as providing support, particularly in the form of weapons to gangs.
On 27 March 2023, Canada announced further amendments to the Special Economic Measures (Iran) Regulations in response to Iran’s “gross and systematic violations of human rights and ongoing grave breach of international peace and security.” These amendments list an additional eight individuals and two entities under Schedule 1 of the Regulations and entered into force on 23 March 2023.