HKEx Launches Core Climate, Hong Kong’s International Carbon Marketplace

On 28 October 2022, the Hong Kong Exchanges and Clearing Limited (“HKEx”) launched Core Climate, an international carbon marketplace designed to allow for the trading of voluntary carbon credits and instruments, which provides a best-in-class, trusted market infrastructure and helps connect capital with climate-related products and opportunities in Hong Kong, Mainland China and globally. Core Climate participants will be able to source, hold, trade, settle and retire voluntary carbon credits through the Core Climate platform.  

According to … Read the rest

Justices curtail ability to get discovery in U.S. court for use in international arbitrations

Justices curtail ability to get discovery in U.S. court for use in international arbitrations

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In a decision that was much anticipated in the international business community, the Supreme Court on Monday clarified the scope of 28 U.S.C. § 1782, which allows an interested party to obtain discovery in the United States “for use in a proceeding in a foreign or international tribunal.” The court unanimously held in ZF Automotive US, Inc. v. Luxshare, Ltd. and AlixPartners, LLP v. Fund for Protection of Investors’ Rights in Foreign States that only a governmental or intergovernmental … Read the rest

International issues in criminal law: Extradition of El Chapo and extraterritoriality in Nigeria

International issues in criminal law: Extradition of El Chapo and extraterritoriality in Nigeria

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This week we highlight cert petitions that ask the Supreme Court to consider, among other things, whether defendants have standing to assert violations of an extradition treaty and whether the wire fraud statute applies extraterritorially to reach a defendant’s conduct committed only in Nigeria.

El Chapo seeks standing to argue that his trial violated the extradition treaty with Mexico

Guzman Loera v. United States is a petition brought by Joaquin Guzman Loera, better known as El Chapo, the former … Read the rest

Suing the International Finance Corporation, and Chicago police’s destroy-or-sell policy

Suing the International Finance Corporation, and Chicago police’s destroy-or-sell policy

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This week we highlight cert petitions that ask the Supreme Court to consider, among other things, whether the International Finance Corporation is immune from suit over its actions concerning the Tata Mundra Power Plant in Gujarat, India, and whether Chicago police’s policy of destroying or selling arrestees’ property left unretrieved after 30 days violates the Fourth or Fifth Amendments.

The Foreign Sovereign Immunities Act’s commercial-activity exception

On Tuesday, the Supreme Court in Cassirer v. Thyssen-Bornemisza Collection Foundation heard oral … Read the rest

Justices agree to take up new cases on arbitration issues and international child custody

Justices agree to take up new cases on arbitration issues and international child custody

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The Supreme Court on Friday added three new cases to its docket for the 2021-22 term. After the court’s rulings in a pair of cases challenging a Texas law that bans almost all abortions after the sixth week of pregnancy on Friday morning, the new grants on Friday afternoon had a decidedly lower profile. The justices agreed to take up issues ranging from international child custody to discovery in private arbitration and the scope of the Federal Arbitration Act.… Read the rest