fmc-law.com RSS Feeds - Publications - International Tradehttp://www.fmc-law.com/upload_net/rss/en/International_Trade.xmlThu, 31 May 2012 10:01:24 GMTen-us5In this issue of Focus on International Trade, James M. Wishart, Olivia Wright and Michael Anderson discuss Canada's expansion of  its economic sanctions against Syria. Effective May 22, 2012, Canada imposed new sanctions against Syrian individuals and government entities in response to the ongoing violence perpetrated by the regime of Syrian President Bashar Al-Assad. In exercising its power under the Special Economic Measures Act (“SEMA”), the Canadian government amended the Special Economic Measures (Syria) Regulations (the “Regulations”). This amendment furthered standing sanctions on trade with Syria. Read more by clicking the download button.http://www.fmc-law.com/Publications/0512_Focus_On_International_Trade.aspxTue, 29 May 2012 06:00:00 GMThttp://www.fmc-law.com/Publications/0512_Focus_On_International_Trade.aspxAmong the more significant proposed changes to the Income Tax Act (Canada) (the “Act”) announced in the March 29, 2012 federal Budget (the “Budget”) are the so-called “foreign affiliate dumping” rules that will affect Canadian resident corporations controlled by non-resident shareholders where the Canadian corporation invests in foreign affiliates. A number of technical issues arise under the proposed legislation. This article briefly reviews the proposed legislation, and specifically considers the application of the new rules where the Canadian-resident corporation is an unlimited liability company (“ULC”).http://www.fmc-law.com/Publications/0512_What_Happens_If_Your_CRIC_Is_A_ULC.aspxThu, 17 May 2012 06:00:00 GMThttp://www.fmc-law.com/Publications/0512_What_Happens_If_Your_CRIC_Is_A_ULC.aspxOn April 24, 2012, Canada announced that due to political change in Burma (also known as Myanmar), it has moved to lift certain of its sanctions against Burma by removing it from the Area Control List, and by removing most prohibitions from the Special Economic Measures (Burma) Regulations. This alert provides an overview of these regulatory changes and of sanctions that remain in place to assist businesses that may wish to explore potential new opportunities in Burma. These amendments should be carefully reviewed and incorporated into the export control and screening procedures of Canadian companies who do business in and around Burma, and that are otherwise engaged in international trade. Read more by clicking the download button.http://www.fmc-law.com/Publications/0412_Focus_on_International_Trade.aspxMon, 30 Apr 2012 06:00:00 GMThttp://www.fmc-law.com/Publications/0412_Focus_on_International_Trade.aspxOn November 21, 2011, in response to the International Atomic Energy Agency’s recent assessment of Iran’s nuclear program and in conjunction with similar measures taken by the U.S. and U.K., Canada expanded its sanctions against Iran under the Special Economic Measures Act (“SEMA”) by amending the existing Special Economic Measures (Iran) Regulations. This alert provides an overview of the new measures. These additional sanctions should be carefully reviewed and incorporated into the export compliance and screening procedures of Canadian companies doing business not just in and around Iran, but also in international trade more generally. Particular care must be taken by financial services businesses for whom the expectation of due diligence is high. Parties contemplating any form of business transaction or undertaking which even indirectly involves Iran would be well advised to seek legal advice prior to proceeding. Contemporaneously, the U.S and U.K have also established similar sanctions having a particular focus on the financial services industry. Read more by clicking the download button.http://www.fmc-law.com/Publications/1111_Focus_On_International_Trade.aspxWed, 23 Nov 2011 07:00:00 GMThttp://www.fmc-law.com/Publications/1111_Focus_On_International_Trade.aspxJames Wishart and Jawaid Panjwani discuss Canada's imposed economic sanctions on Syria in response to the recent events in North Africa. Topics include: Special Economic Measures Against Syria Measures Targeting Designated Persons and Entities Monitoring and Reporting Obligations Exclusions Future Ban on Exports of Particular Goods and Technology Achieving Compliance Read more by clicking the download button.http://www.fmc-law.com/Publications/0611_Focus_on_International_Trade.aspxThu, 02 Jun 2011 06:00:00 GMThttp://www.fmc-law.com/Publications/0611_Focus_on_International_Trade.aspx