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Our popular Annual Compliance Conference, which attracts senior in-house legal and compliance professionals every year from across the world, will be held virtually from 3 to 12 June 2025.The conference will provide you with valuable insights from our international trade, compliance and investigations, regulatory and antitrust lawyers. We will delve into critical topics shaping the future of global businesses such as sanctions, export controls, customs and tariffs, national security laws, antitrust, product regulation, ESG and…

The European Commission has unveiled a proposed response to the US tariffs on cars and automotive parts, as well as the so-called reciprocal tariffs. These countermeasures from the European Union (EU) will be adopted if the ongoing negotiations with the US administration fail. As mentioned in our last blog, the EU decided to pause for 90 days, until 14 July, the implementation of EU countermeasures on a list of US-origin products that could potentially be…

On 14 April 2025, the European Commission accepted Implementing Regulation (EU) 2025/778 (link), which lays down (additional) retaliatory measures to counter balance those imposed by the US on EU steel and aluminum: At the same time, the European Commission adopted Implementing Regulation (EU) 2025/786 (link), formalizing the 90-day suspension of retaliatory tariffs on imports of US-originating products listed in Annex I, II and III of Implementing Regulation (EU) 2025/778 (link) until 14 July 2025 (see…

Yesterday, following the adoption of Commission implementing Regulation (EU) 2025/664, the European Commission has extended the ongoing suspension of retaliatory tariffs until 14 April 2025. These tariffs were initially adopted in 2018 (Commission Implementing Regulation (EU) 2018/886) and 2020 (Implementing regulation – 2020/502 – EN – EUR-Lex) and were supposed to reapply and come into effect tomorrow. This decision was already announced by the EU trade commissioner during a hearing at the European Parliament on…

Since this post was published on January 26, 2025, the White House announced that the US and Colombian governments had reached an agreement on flights carrying individuals deported from the United States and paused efforts to impose the measures described above. Stay tuned for a blog post with insights and practical tips for trade between Colombia and the United States. On January 26, 2025, via the social media platform Truth Social, President Donald J. TrumpĀ announcedĀ five…

Faced with a changing economic and regulatory landscape, multinational companies are re-evaluating their operating models in the Middle East to remain competitive and enhance performance. Successful business reorganization requires careful planning and implementation to achieve intended operational and financial objectives. Baker McKenzie is delighted to invite you to an interactive seminar at our DIFC office in Dubai on 24 April 2024, focusing on the key issues faced when reorganizing operations and distribution arrangements in the…

In brief Proposed amendments to the Customs Rules (Rules) under sections 40(3), 41(4), and 120 of the Customs and Excise Act were published for public comment by the South African Revenue Service (SARS) in January 2024. The proposed Rules are intended to formalise the process for reporting transfer pricing adjustments impacting customs values declared to SARS at the time of importation. Public comments on the proposed rules close on 9 February 2024. In more detail…

The German Federal Ministry of Finance (BMF) issued new transfer pricing (ā€œTPā€) guidance on June 6, 2023 with customs implications. Last year, Germany’s highest tax court issued its decision in the Hamamatsu case, ruling that both upward and downward lump sum retroactive transfer pricing adjustments, which occur after the decisive moment for customs valuation purposes, have no relevance for the customs value which shall only reflect the ā€œreal economic valueā€ at the time of importation…

In keeping with tradition, we are pleased to invite you to our annual Global Year-End Review of Import/Export & Trade Compliance Developments. This year,Ā we are excited to provide aĀ virtualĀ offeringĀ available toĀ all our clients and friends worldwide, plus an in-person reception and networking event for local attendees!The conference will be comprised of 75 minuteĀ virtual sessions over the course of three days. Please join us on November 15, 16Ā and 17Ā for any or all sessions. The in-person reception will…

We are pleased to invite you to our Virtual Global Trade Conference on July 20 and 21. In lieu of our annual conference in Bellevue, WA, we are excited to again provide a virtual offering available to all our clients and friends worldwide! Please join our international trade compliance lawyers from around the world as they discuss and examine the major developments impacting international trade. This conference will be comprised of 75 minutes sessions over…