In June of 2021, the United States Supreme Court issued its first-ever holding related to the Computer Fraud and Abuse Act (enacted in 1986). Bradford Newman, Chair of Baker McKenzie’s North America Trade Secrets Practice, explains the two key holdings from this important decision and the specific practical steps all companies should now take to strengthen their trade secret protections.
In June of 2021, the United States Supreme Court issued its first-ever holding related to the Computer Fraud and Abuse Act (enacted in 1986). Bradford Newman, Chair of Baker McKenzie’s North America Trade Secrets Practice, explains the two key holdings from this important decision and the specific practical steps all companies should now take to strengthen their trade secret protections.
South Africa received the positive news on 10 June 2021 that the threshold for self-generation power project licenses would increase to 100 MW. This is a welcomed and long-awaited development in a country that has been plagued by power supply challenges, which have had a significant impact on the private sector and are contributing to the impediment of much-needed economic growth in South Africa.
On 1 June 2021, the US Treasury Department’s Office of Foreign Assets Control published the Burma Sanctions Regulations to implement Executive Order 14014, “Blocking Property With Respect to the Situation in Burma”. This imposed sanctions on certain Burmese parties in response to the Burmese military’s coup against the democratically elected civilian government.
On 31 May 2021, the Mexican President published on the Federal Official Gazette a major amendment to the Secondary Regulations for Health Supplies (Reglamento de Insumos para la Salud, “RIS”) (“Decree”). The Decree is effective as of 1 June 2021, affecting both medicines and medical devices. It improves the regulatory environment.
On 8 June 2021, US Customs and Border Protection (CBP) published in the Federal Register a notice that the Commercial Customs Operations Advisory Committee will hold its quarterly meeting on Wednesday, 23 June 2021 from 1-5 p.m. (EDT). The meeting will be open to the public via webinar only. Public comments are welcome.
Welcome to the June 2021 edition of Baker McKenzie’s International Trade Compliance Update. Highlights include WTO: Covid-19 and TBT Notifications; DSB actions; Trade Policy Review of Kyrgyz Republic, WCO: Operation Pandora, CITES: Notifications 2021/036 through 041, FAS GAIN Reports and more.
On June 3, 2021, President Biden issued Executive Order 14032, “Addressing the Threat from Securities Investments that Finance Certain Companies of the People’s Republic of China” (the “CMIC EO”). This amends and replaces Executive Order 13959 (EO 13959) and revokes Executive Order 13974 (EO 13974) that restricted investments in certain “Communist Chinese Military Companies” (CCMCs).
On June 3, 2021, President Biden issued Executive Order 14032, “Addressing the Threat from Securities Investments that Finance Certain Companies of the People’s Republic of China” (the “CMIC EO”). This amends and replaces Executive Order 13959 (EO 13959) and revokes Executive Order 13974 (EO 13974) that restricted investments in certain “Communist Chinese Military Companies” (CCMCs)
The Global Financial Institutions Industry Podcast includes 13 episodes on the following topics: Operational Risk, Risk Management Guidelines, Fintech, Financial Institutions, Insurtech, Insurance and Financial Sponsors.