The Higher Regional Court of Frankfurt (OLG) recently ruled that an arbitration clause in a framework supply agreement can also have effect vis-à-vis third parties benefiting from the supply agreement (decision of 2 January 2025, 26 SchH 1/23). The Court arrived at this conclusion by applying the German law concept of “supplementary contract interpretation” under
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Baker McKenzie, founded as Baker & McKenzie in 1949, is a multinational law firm. As of August 2018, it is ranked as the second-largest international law firm in the world by headcount with 13,000 employees including 6,076 fee earners and 4,700 lawyers on a full-time equivalent basis in 78 offices across 46 countries. It is the largest law firm in the United States by headcount.
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Global Share Plan Update (March 2025)
We have released the March 2025 edition of our “Clients & Friends Newsletter,” which reviews the latest developments impacting share plans globally.
Explore the newsletter, and/or register for our upcoming April 3rd webinar, to learn more about the impact of the following tax, legal and regulatory changes on your share plans:
- Belgium: Capital Gains Tax
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Liberals Announce They Will Not Pursue Capital Gains/Stock Option Inclusion Rate Increase
On the heels of the January 31, 2025 announcement from the Minister of Finance to defer the effective date of the increase to the capital gains/stock option inclusion rate (from 50% to 66.67%) to January 1, 2026, new Prime Minister Mark Carney announced on March 21, 2025 that the liberals would not pursue the legislative change, which…
Upcoming Event: LATAM Trade Day in São Paulo
By Francisco Niclós Negrão (Brazil), Jennifer F. Revis UK, Sunny Mann (UK), Juan David Lopez (Colombia), Christine Streatfeild (US), Chandri Navarro (US), José Hoyos-Robles (Mexico), Pablo Bentes (Switzerland), Gonzalo Bernal Neumann (Peru), Esteban Rópolo (Argentina), Jesus Davila (Venezuela), Sebastián Doren (Chile) & Gabriel Scisci (Brazil)
Trench Rossi Watanabe* is delighted to host an in-person conference: LATAM Trade Day: 100 Days of the Trump Administration – New Trends For International Trade. Along with the Brazilian team, the panels will feature guest speakers from Baker McKenzie from across the US, Europe, Asia and of course Latin America – including colleagues from Colombia, Argentina,…
Governor Youngkin Nixes Virginia AI Bill: U.S. States Focus on AI Innovation with Cautious Legislative Strategy
On March 24, 2025, Virginia Governor Glenn Youngkin vetoed HB 2094 on High-Risk Artificial Intelligence Systems, a bill that passed through the state legislature by slim margins and which would have established a regulatory regime largely mirroring last year’s Colorado AI Act.
As with the Colorado Act, HB 2094 would have imposed a…
Data, Cyber & AI Disputes Top the List in Baker McKenzie’s 2025 Global Disputes Forecast
Baker McKenzie’s 2025 Global Disputes Forecast, which surveyed over 600 senior lawyers at large corporations across four continents, has shown that data, cyber and AI issues top the list of chief concerns for businesses in the year ahead.
For the third year in a row, cybersecurity and data privacy were the top concern of those…
EEOC and DOJ Issue Joint Guidance on DEI-Related Discrimination
As discussed in our blog here, President Trump’s series of executive orders aimed at eradicating “illegal” diversity, equity and inclusion policies and programs across the federal government and in the private sector did not define the term “illegal discrimination.” On March 19, the Equal Employment Opportunity Commission and the Department of Justice released guidance…
Insights from INSOL Hong Kong 2025
On 17-19 March 2025, the restructuring and insolvency industry gathered in Hong Kong for the annual INSOL International conference.
As INSOL International stated in the lead up to the conference, “The global economic landscape continues to be marked by volatility and uncertainty. While some sectors and regions are experiencing relative stability or even growth, the…
China implements retaliatory tariffs on Canadian origin agricultural and seafood products
Canada now faces tariffs on Canadian-origin goods issued by two major trading partners: the United States and China. On March 8, China’s Ministry of Commerce (MOFCOM) announced retaliatory tariffs on Canadian agricultural and seafood products in response to Canada’s Fall 2024 implementation of a 100% surtax on Chinese origin EVs and 25% surtax on Chinese…
Upcoming Event: Views from the Hill: Congressional Trade Agenda 2025
Join Baker McKenzie, the Customs and International Trade Bar Association (CITBA), Association of Women in International Trade (WIIT), and GATT DC (LGBTQ+ Professionals in International Trade) for a fireside chat on the Congressional Trade Agenda.
This event will take place on Tuesday, April 22 at 5:30 PM EDT at Baker McKenzie Washington, DC office, 815 Connecticut Ave., NW…