After reading all the most recent and trendy books on organizational leadership in the global marketplace, you assume it is time to put this new knowledge to work. However, after attempting to master these new skills with colleagues and employees across cultural contexts, you find yourself frustrated. How can someone who is a recognized leader in your field struggle so much with leading across cultures? Then it happens. Your boss’ boss steps into your office unannounced to praise your achievements...

By Stephen Kaplitt, Esq. | AEM Carnelutti Executive Summary: The Trump administration’s withdrawal from the Iran nuclear deal means that U.S. sanctions on Iran are more sweeping and comprehensive than ever before. The administration has continued to escalate its efforts to maximize economic pressure on the Iranian government. Today, the U.S. designated the Islamic Revolutionary Guard Corps (IRGC) as a “Foreign Terrorist Organization”, which significantly increases the number of Iranian-linked businesses and institutions that may potentially be “tainted” entities. Traps...

By Jared Mackey | Greg Johnson | Darcy Moch Tax-efficient holding structures commonly used by multinational enterprises and private equity firms investing in the Canadian resource sector could soon become subject to anti-treaty shopping measures contained in the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting" (the "MLI"). The MLI was negotiated in November 2016 by over 100 member countries in the Organisation for Economic Co-operation and Development (OECD), with the intention of swiftly...

By Claire D. Nilson & Philip Novak | Faegre Baker Daniels LLP. From 2021, visitors to the European Union (EU) who do not require a visa will have to apply for authorisation through the European Travel Information and Authorisation System (ETIAS). This new pre-travel screening system will apply to visitors to countries that are in the Schengen Area of the EU. Countries within the Schengen Area include all EU member states (except for Ireland and the United Kingdom (U.K.)), as...

Not all financial or capital markets deals are straightforward. As markets mature and investors demand more from their deals, and as deals start to involve cross-border securities, all parties are finding their roles somewhat in flux. Traditionally when looking at deals such as syndicated loans, restructuring corporate debt, securitisation, or even a bond issuance placed in a mature market, it is not unusual for both lenders and their borrowers, guarantors and issuers to bring a fiduciary party such as a...

By Huw Beverley-Smith & Jonathon A. Gunn | Faegre Baker Daniels LLP On 21 March 2019, an advocate general (AG) of the Court of Justice of the European Union (CJEU) delivered an opinion that sheds light on key issues related to websites’ use of cookies — data packets that can be used by websites to track individuals’ browsing histories and other data. Thiss followed a request for a preliminary ruling from the Federal Court of Justice in Germany (FCJ) regarding the...

April 2019 FX OutlookPoor economic data and soft inflation saw several central banks, including the Federal Reserve and European Central Bank, take a dovish turn in March. Contrary to expectations that interest rates would rise as the G3 central banks were no longer adding to their balance sheets on a combined basis. The sharp drop in interest rates and the flattening of curves in March is one of the key factors shaping the investment climate. The fall in yields has...