Publication
Global Connection – June 2021
Dear Friend of Snell & Wilmer:
As the world begins to emerge from a global health crisis, many experts anticipate that international trade will recover and hit record highs. Businesses are ready to capitalize on this new growth environment, but to successfully do so, they must pay close attention to the challenges and opportunities posed by this post-COVID-19 reality.
In this edition of Global Connection, we discuss some of the most relevant changes in international law:
- Jeffrey D. Morton, R. Lee Fraley, Robert A. Clarke and Alexandra K. Nathe collaborated in an article that discusses the proposed COVID-19 patent waiver, a topic that has been dominating the news;
- Dave Sprentall discusses the end of LIBOR (London Inter-bank Offered Rate), an issue that has the international financial markets, individual lenders, and borrowers equally worried about what’s next;
- Derek Flint reports on President Biden’s recent executive order that expands the Trump Administration’s prohibition of investments in companies with ties to the Chinese military;
- Carlos Freaner and Jorge Fragoso discuss in detail the recent changes in Mexican law regarding outsourcing of personnel, which has labor, social security and tax consequences; and
- Aloke S. Chakravarty and Mary Colleen Fowler report on the European Commission’s newly adopted (June 4, 2021) Standard Contractual Clauses for International Data Transfer – which is bound to bring businesses both welcome news and onerous requirements.
We hope that you enjoy this newsletter and that it may assist both businesses and individuals to seize new opportunities in this post-pandemic world. If you have any suggestions for future editions of Global Connection or would like to be included in future international events hosted by Snell & Wilmer, please feel free to contact us.
Best,
Brett W. Johnson and Patricia Brum
Co-Editors
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.