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On November 21, 2011, the President issued an Executive Order that targets Iran’s petrochemical industry and broadens energy-related sanctions against Iran.

The Internal Revenue Service has released seven private letter rulings and — for the first time — issued a revenue procedure regarding qualifying income for publicly traded partnerships.

The Council of Ministers of the Kingdom of Saudi Arabia recently approved a new arbitration law.

On March 21, 2012, the U.S. Supreme Court issued its decision in Sackett v. EPA

A swap counterparty that does business with swap dealers or major swap participants may not be able to enter into new swap transactions on or after October 12, 2012.

The federal rules of civil procedure have long exercised a profound influence in litigation document discovery. Among the most crucial of these are the specific rules governing expert discovery, and they recently underwent a dramatic change, one that alters how corporate litigation should be conducted.

The threat of class-wide judgments in private securities class actions often leads defendants to pay significant amounts to settle claims without testing their merits for fear of incurring even greater damages after a trial.

Unlike trademark infringement cases where surveys have been commonly used for years, surveys in the damages phase of patent infringement cases are rarely seen. The playing field, however, has now changed.

In May 2012, the U.S. Department of Justice, Antitrust Division (DOJ), issued a report concerning five joint public workshops.

On January 3, 2012, President Obama signed the Pipeline Safety, Regulatory Certainty, and Job Creation Act of 2011 (the "Act").

When it comes to liquidity Islamic finance faces the perennial problems of a lack of assets in which to invest and the absence of a secondary market for those assets.

The Internal Revenue Service (IRS) has released seven private letter rulings (PLRs) regarding qualifying income for publicly traded partnerships (MLPs) so far this year — more than in any prior year.

On July 21, 2011, the U.S. Federal Energy Regulatory Commission (FERC) issued Order No. 1000, "Transmission Planning and Cost Allocation by Transmission Owning and Operating Public Utilities," adopting a Final Rule that reforms the "pro forma" Open Access Transmission Tariff (OATT) and the electric transmission planning and cost allocation principles previously adopted in FERC Order 890, "Preventing Undue Discrimination and Preference in Transmission Service."

In a pointed rebuke, the D.C. District Court ruled that the U.S. Environmental Protection Agency (EPA) lacked the statutory authority to invalidate an already issued § 404 permit retroactively.

Recently a purported shareholder of certain special purpose acquisition companies (SPACs) initiated derivative lawsuits asserting that the SPACs are investment companies...

This update summarises tax announcements made in the UK Budget on Wednesday 21 March which are likely to be most relevant to our clients.