The EU General Court on May 15 rejected the Russian Direct Investment Fund's (RDIF's) challenge to the bloc's prohibition on investing in projects financed by the fund.
Jacob Kopnick
Jacob Kopnick, Associate Editor, is a reporter for Trade Law Daily and its sister publications Export Compliance Daily and International Trade Today. He joined the Warren Communications News team in early 2021 covering a wide range of topics including trade-related court cases and export issues in Europe and Asia. Jacob's background is in trade policy, having spent time with both CSIS and USTR researching international trade and its complexities. Jacob is a graduate of the University of Michigan with a B.A. in Public Policy.
The U.K. on May 17 sanctioned people and companies for their ties to Russia and North Korea, including for helping both countries evade sanctions.
The World Trade Organization's published agenda for the Dispute Settlement Body's May 24 meeting includes U.S. status reports on the implementation of DSB recommendations on: antidumping measures on certain hot-rolled steel products from Japan; antidumping and countervailing measures on large residential washers from South Korea; certain methodologies and their application to antidumping proceedings involving China; and Section 110(5) of the U.S. Copyright Act. Status reports also are expected from Indonesia on measures related to the import of horticultural products, animals and animal products; from the EU on measures affecting the approval and marketing of biotech products; and from China on AD measures on stainless steel products from Japan.
The U.K. on May 16 renewed a general license under its Russian sanctions regime that allows British citizens to buy tickets from a sanctioned party for "flights or rail journeys originating in, or within, Russia." It also authorizes activities "reasonably necessary to effect the purchase of such tickets for flights or rail journeys." The license was scheduled to expire May 23 and now runs until May 23, 2026.
Former DLA Piper trade attorneys Nate Bolin and David Allman joined K&L Gates as partners in the antitrust, competition and trade regulation practice, the firm announced. The two lawyers will focus on national security law matters, including export controls and sanctions.
A group of eight TikTok users sued the U.S. on May 14, claiming a recent law that could ban the platform violates the content creators' First Amendment rights.
A recent U.K. Supreme Court ruling could have implications for how certain sanctions-related payment issues are treated under force majeure clauses in contracts.
Lithuania's customs agency fined an unnamed Lithuanian company over $357,000 for buying and importing goods from sanctioned Russian companies "Nizhnekamsktekhuglerod" and "Nizhnekamskneftekhim," according to an unofficial translation. The former is a technology company, the latter makes synthetic rubber and plastics.
The U.K. on May 15 issued an open general export license related to exports of military goods for exhibition. The license includes a list of goods that can be exported to "a destination in any country," except for 91 countries, "providing they are being exported for the purpose of exhibition, and are to be returned to the United Kingdom." The license covers cluster munitions, explosive submunitions, anti-personnel landmines and explosive bomblets, among other products. Countries where the goods may not be shipped include China, Iran, North Korea and others listed on page nine of the license.
Mauritius formally accepted the World Trade Organization Agreement on Fisheries Subsidies May 13, moving the total number of countries that have accepted the deal to 75. The WTO requires 35 more to reach the two-thirds threshold needed for the agreement to be able to enter into effect.