Ex-Im Bank Approves $694 Million to Finance Export of U.S. Mining and Rail Equipment to Australia: Transaction Supports 3,400 U.S. Jobs

In a decision that will support thousands of U.S. jobs, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $694.4 million loan to Roy Hill Holdings of Australia contingent upon the purchase of U.S. mining and rail equipment from Caterpillar Inc., GE, and Atlas Copco. According to Bank estimates derived from Departments […]

Norwegian Tax Authority Declares “BitCoins” Property, not Currency

Bitcoins, the online currency, have received much media attention in a short time and become an up-and-coming international means of payment.  The Norwegian Tax Administration (NTA) has weighed in on the legal classification of bitcoins by issuing a “Principle Statement” stating that, although one may accept payment in bitcoins, they are not a currency but […]

EU Proposes New Law on Protection of Trade Secrets

On November 28, 2013, the European Commission adopted a proposal for a new directive on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use, and disclosure. Trade secrets, otherwise known as “confidential business information” or “undisclosed information,” are used by a large number of companies to safeguard a wide […]

Black-Out Monday: 706 Web Sites Selling Counterfeit Merchandise Seized

U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) teamed with 10 foreign law enforcement agencies to seize hundreds of domain names that were illegally selling counterfeit merchandise online to unsuspecting consumers. Seizures come as US consumers flock to the Web for Cyber Monday shopping deals. The 706 domain names seized were set up […]