With the opportunity for global pharmaceutical companies to gain new access to the Chinese market presenting itself like never before (see our previous blog posts here and here), significant news broke on December 7, 2018, regarding a newly implemented pilot centralized drug procurement program (the “program”) that will have significant ramifications for global pharmaceutical companies.
The incoming Trump administration’s approach to foreign direct investment (FDI) in the United States and to national security reviews conducted by the Committee on Foreign Investment in the United States (CFIUS) is difficult to predict. Mr. Trump has criticized certain foreign investments in the United States, but his trade-related critiques have focused largely on U.S. free trade agreements and the loss of U.S. manufacturing jobs to foreign countries.
The European Union (EU) and the United States (U.S.) have now both taken targeted action to address the evolving situation in Ukraine. These measures do not impose restrictions on Ukraine or Russia, either territorially as countries or on their governments as a whole. However, new designations imposed on 17 March by the U.S. and the
The global effort to combat bribery and corruption continued to grow throughout 2013, from the United States to the United Kingdom, Latin America to Asia, and many places in between. The Hogan Lovells Bribery and Corruption Task Force has released its fourth annual review of the latest developments in anti-bribery and corruption regulation and enforcement
On 22 January 2014, the European Commission (Commission) published a “Recommendation on minimum principles for the exploration and production of hydrocarbons (such as shale gas) using high volume hydraulic fracturing” (Recommendation). The Recommendation sets out minimum core principles for the exploration and production of hydrocarbons (e.g., shale gas) using high-volume hydraulic fracturing. The Recommendation is
Sen. Lisa Murkowski (R-AK), Ranking Republican on the Senate Energy and Natural Resources Committee, last week released another of her “Energy 20/20” white papers entitled, “A Signal to the World: Renovating the Architecture of U.S. Energy Exports.” The paper reviews current federal energy export policies on everything from crude oil to nuclear power and comes at
The U.S. House and Senate have released their legislative calenders for the second session of the 113th Congress. Hogan Lovells Legislation and Political Law Compliance practice is happy to provide you with this schedule for your 2014 planning purposes. This schedule may change at any time at the direction of House and Senate leadership. Calendar
On October 16, after weeks of stalemate and false starts, the U.S. Senate and House both passed legislation, signed by President Obama, to increase the U.S. debt-ceiling and continue to fund U.S. Government operations through January 15, 2014. Though efforts had been made over the past two weeks — in both houses and by both
The Senate Energy and Natural Resources Committee has announced it will hold a series of roundtable forums on natural gas issues in May. Each of the three forums, which follow a February Committee hearing on natural gas challenges and opportunities, will focus on specific policy issues facing the country’s growing natural gas resources.
The following is a summary of some of the key issues Congress and the Administration will be debating in 2013. Please contact us with any questions. We are happy to provide further analysis as well as insight into other areas of interest. Agriculture: Tom Vilsack is expected to stay on as Secretary of Agriculture. The
President Obama and congressional Republican leaders continue to negotiate in an effort to pass legislation by year-end that would defer the “fiscal cliff” of higher tax rates and spending cuts scheduled to occur beginning January 1, 2013. To date, these negotiations have produced little if any progress. President Barack Obama remains insistent that any deal
Each of the 500 largest businesses in America has been asked by the Senate Commerce Committee to describe how it deals with cybersecurity, demonstrating that government’s focus on cybersecurity is not going away despite stalled legislative efforts. On 19 September, Senator Jay Rockefeller (D-WV) sent an unprecedented letter to the chief executives of the 500 largest companies
U.S. businesses and foreign multinationals with U.S. tax obligations should be on alert that the elements of a major U.S. tax reform legislative package are already being developed within the U.S. Congress, the Obama Administration, and in interest groups and think tanks in Washington. The final make-up of this tax reform package — to be
An International Centre for Settlement of Investment Disputes (ICSID) tribunal has issued the first-ever arbitral award under the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR). The case, Railroad Development Corporation v. Guatemala, involved Guatemala’s 1997 concession to U.S.-based Railroad Development Corporation (RDC) to restore and develop Guatemala’s rail system. After Guatemala’s president invoked a Guatemalan administrative