The evolving U.S. tariff regime under President Donald Trump has had and likely will continue to have profoundly impacts on commercial contracts. Commercial actors are evaluating their contractual commitments to determine the...more
President Donald Trump’s tariffs on virtually all goods from Canada and Mexico went into effect at midnight on March 4, 2025. The tariffs were effected through an expiry of the extension of the previous executive order (see...more
3/5/2025
/ Canada ,
China ,
Contract Terms ,
Executive Orders ,
Global Economy ,
International Trade ,
Mexico ,
National Security ,
Popular ,
Tariffs ,
Trade Relations ,
Trump Administration
Parties confronted by the prospect of new tariffs will need to assess their impact on existing contractual obligations. U.S. law imposes the initial payment of the tariff on the importer of record who brings the good into...more
2/11/2025
/ Contract Terms ,
Exports ,
Imports ,
International Litigation ,
International Trade ,
National Security ,
Regulatory Requirements ,
Risk Management ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration
The outbreak of coronavirus (also known as COVID-19) is reportedly impacting global manufacturing, transportation and cross-border supply chains underpinning many aspects of international trade and commerce. Some companies...more
2/26/2020
/ Breach of Contract ,
Commercial Contracts ,
Commercial General Liability Policies ,
Contract Terms ,
Coronavirus/COVID-19 ,
Financial Contracts ,
Force Majeure Clause ,
Frustration of a Common Purpose ,
Global Economy ,
Infectious Diseases ,
Manufacturers ,
Material Adverse Effects ,
Nonperformance ,
Notice Requirements ,
Supply Chain ,
Transportation Industry
On December 5, 2018, Skadden hosted the webinar “Drafting International Dispute Resolution Clauses.” Topics included the importance of dispute resolution clauses, choosing between litigation and arbitration, drafting...more
1/21/2019
/ Arbitration Agreements ,
Best Practices ,
Confidential Communications ,
Contract Drafting ,
Contract Terms ,
Discovery ,
Dispute Resolution ,
Expert Witness ,
Forum Non Conveniens ,
International Arbitration ,
International Litigation ,
Jurisdiction ,
Litigation Strategies ,
Multi-Party Litigation ,
Non-Appealable Decisions ,
Pleading Standards ,
Question of Arbitrability ,
Service of Process ,
Venue
Courts in many countries, including the U.S., generally enforce contracts with clauses specifying international arbitration as the preferred avenue for resolving disputes. Accordingly, when drafting such provisions, due...more