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Member News
Member News
30
May
We are pleased to share the May 2025 issue of Wilson Sonsini’s Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
In this issue, we cover:
Updates to federal energy tax credits under Congressional domestic policy bill;
SEC approval of the first “green” stock exchange;
International Sustainability Standards Board’s proposed amendments to greenhouse gas disclosure requirements; and
...
30
May
By Erin Schachter, Associate, OGLETREE DEAKINS
Artificial intelligence (AI) is rapidly changing the hiring landscape. Whether scanning resumes with machine learning tools or ranking candidates based on predictive models, employers in Canada may now want to ensure transparency when using AI during recruitment. This is no longer just a best practice—it is increasingly being reflected in legislative requirements.
Quick Hits
In Ontario, if AI is used to screen, assess, or select applicants, a disclosure may be required directly in the job...
30
May
By Ian Hunter, Director, OCO Global
What just happened?
On 28 May, the US Court of International Trade (CIT) issued a permanent injunction blocking President Trump’s recently imposed “Liberation Day” tariffs – a 10% across-the-board levy on all imported goods and higher “reciprocal” rates for specific trading partners. The court ruled that the administration had exceeded its authority under the International Emergency Economic Powers Act (IEEPA). In clear terms, the judges reaffirmed that Congress – not the White House – controls taxation on imports. Importantly, this ruling did not impact sector-specific tariffs previously...
30
May
IMPORTANT TARIFF UPDATE - (5/29)
The Court of International Trade has issued a joint decision, ruling that the International Emergency Economic Powers Act (IEEPA) does not authorize many of the new tariffs imposed by way of executive order. As a result, on May 28 the Court ordered that the directives imposing these tariffs be vacated and permanently enjoined.
The court has issued a permanent injunction which means the tariffs cannot be collected or enforced unless the ruling is stayed or reversed....
30
May
By Noa Sussman, Director of Global Solutions, TECEX
Global trade isn’t just about free trade agreements or currency fluctuations anymore. While those factors still matter, a quieter — and often underestimated — force is reshaping how companies produce, move, and sell their goods across borders: taxes.
Not the headline-makers like corporate income tax or capital gains. I’m talking about the less glamorous but increasingly powerful trio: VAT (Value Added Tax), tariffs, and duties. These tools, once left to compliance teams and customs...
30
May
On 20 May 2025, the Council of the EU adopted its seventeenth package of restrictive measures against Russia, which supplements those detailed in our previous newsflashes.
This package significantly intensifies the restrictions on Russia’s ‘shadow fleet’ and strengthens the EU’s efforts to prevent the circumvention of sanctions.
The Council has adopted seven regulations, which entered into force on 21 May 2025:
Council Regulation (EU) 2025/932 of 20 May 2025 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions...
30
May
European Commission unveils new EU Startup and Scaleup Strategy
On Wednesday, 28 May, the European Commission launched an EU Startup and Scaleup Strategy to “make Europe a great place for starting and growing global technology-driven companies.” Startups and scaleups drive competitiveness by sparking innovation and sustainable growth, creating high-quality jobs, attracting investment, and reducing strategic dependencies.
The initiative focuses on the science component, promoted by European Commission President Ursula von der Leyen, to promote a unified European approach to attract and retain talent, thereby...
29
May
By Erik Smithweiss
The U.S. Court of International Trade (CIT) issued a decision May 28 declaring unlawful the IEEPA fentanyl tariffs imposed on Canada, Mexico and China, and the Reciprocal tariffs imposed on all other countries. V.O.S Selections Inc. et al v. United States, Slip Op. 25-66. The court found that the International Emergency Economic Powers Act (IEEPA), the statute the President had invoked to justify these tariffs, did not provide the required statutory authority for these assessments.
The Government has already filed...
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