The Toy Association continues to actively fight against tariffs that could potentially be placed on toy imports from China, advocating the industry’s position to the U.S. Trade Representative (USTR), Congress, and the White House. Toys were not named as part of USTR’s most recent list of $200 billion in Chinese imports that could be subject to a 10 percent tariff; however, The Toy Association continues to actively oppose any tariffs being placed on toys. The Association will once again be submitting comments...

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Ogletree Deakins, one of the largest labor and employment law firms representing management, has launched a Mergers and Acquisitions Practice Group in response to growing client demand for legal assistance with the wide-ranging labor and employment issues that can arise during corporate acquisitions and restructurings. The lawyers in the practice group—led by shareholders Kevin Kinney (Milwaukee), Diana Nehro (International Practice Group), and Jonathan Wilson (Dallas)—have years of experience advising U.S. and international clients of all sizes across a wide range of industries, including private equity, technology, manufacturing,...

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Tradewind has provided a $1 million post shipment finance facility to a manufacturer of sensory technology headquartered in Germany. Tradewind funded the US subsidiary who is using the facility to alleviate financial pressure on the parent company so it can invest in R&D and boost production. The company sells to Europe, the US, and across East Asia. The manufacturer decided to pursue financing as it began to grow and cash flow became tight. Products are made in Europe, shipped abroad...

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Meeting the global challenge of evolving corporate compliance. Compliance is becoming more important as a variable that senior decision-makers must consider when choosing international expansion locations. At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues. The TMF Group Compliance Complexity Index gives a detailed understanding of the changing picture for corporate compliance in 84 jurisdictions, as well as across continents and globally. It takes the pulse of a sector that is...

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By Rachit Agarwal | Randall Fox | Joel Cooper On 3 July 2018, the Organisation for Economic Co-operation and Development (OECD) published the much anticipated discussion draft on financial transactions (discussion draft) for public comment. Even though this discussion draft is a non-consensus document, it provides useful commentary and guidance on the application of arm's length principle to a broad range of intragroup transactions where international guidelines have been largely non-existent in the past. The discussion draft also provides a peek into OECD's thinking...

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By Max Welbes, Lea Hungerbühler On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will be amended: Introduction of additional factors to determine the required frequency of reconciliation of accounts and records between the depository and the third parties...

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By Darrel H. Pearson, Sabrina A. Bandali, and Jessica B. Horwitz | Bennett Jones  The Government of Canada has released its updated list of U.S. products that will be subject to a surtax when imported into Canada as of July 1, 2018. The final list targets approximately $16.6-billion worth of goods as a response to the U.S. section 232 tariffs imposed on Canadian steel and aluminum products. A 25% surtax applies to imports of listed steel products and a 10% surtax applies...

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