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Ukraine CrisisThe crisis in Ukraine has tremendous implications for our clients, many of whom have employees or family directly at risk, operations that have been affected and supply chains that have been interrupted. Mayer Brown’s Ukraine Crisis Core Response team is working to ensure that our clients have access to the critical information and insight that they require.
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The Past Is the Present? New York Legislature Passes Retroactive Foreclosure BillIt is not the easiest time to be in the mortgage business. Mortgage investors and servicers continue to deal with the fallout from the COVID-19 pandemic and its effects on borrowers. Rising interest rates could drain the plentiful supply of refinance business from prior years and deter hopeful homebuyers from seeking new financing. Now, the New York legislature has added another layer of complexity by passing a bill that would significantly impact the residential mortgage foreclosure process in New York. The New York legislation has been approved by both houses of the New York legislature and, if enacted, would significantly constrain lenders’, servicers’ and investors’ ability to efficiently prosecute foreclosure actions and would potentially jeopardize their ability to recover their mortgage debt. This Legal Update further discusses the legislation.
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Asia Tax Bulletin – Spring 2022
This edition covers many different topics which have surfaced over the past three months in the ASEAN countries and the PRC, India, Japan and Korea.
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26. Mai2022On April 11, the US Department of Commerce (the “Department”) and the Office of the US Trade Representative (“USTR”) closed their public comment period for the administration’s proposed Indo-Pacific Economic Framework (“IPEF”). The comments provided during the period will help the Department and USTR set goals for the final agreement.
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26. Mai2022On May 6, the US International Trade Commission (“USITC”) announced the initiation of an investigation under Section 332 of the Trade Act of 1930. The subject of the investigation is the tariffs imposed under Section 301 of the Trade Act of 1930 and Section 232 of the Trade Expansion Act of 1962, and their respective impact on US industries.1 The investigation provides the public with an opportunity to comment on US tariff programs, which cover steel and aluminum imports from a variety of jurisdictions and many Chinese-origin goods.