U.S., E.U. Agree on Trade-Related Principles for Information, Communication Technology

The United States and European Union April 4 agreed on 10 nonbinding, trade-related principles for the information and communication technology (ICT) services sector that they intend to promote in bilateral relations and trade negotiations with third countries…

Norway Implements E.U. Data Retention Directive; Data Protection Authority Remains Critical

Norway’s Parliament April 4 approved a bill that transposes the EU Data Retention Directive into national law…

U.S. Court Backing of Bavarian DPA Discovery Limits May Guide German Firms, Lawyers Say

A U.S. court’s decision to affirm a German regional data protection authority’s ruling that limited a U.S. plaintiff’s discovery request to a German company may shed light on resolving conflicts between U.S. discovery rules and data protection requirements in Germany and the rest of the European Union…

E.U. Chemicals Agency Publishes Labeling Guidance

The European Chemicals Agency April 8 published guidance for chemicals manufacturers and importers regarding packaging standards and the correct use of hazard labels for substances and mixtures in the European Union…

E.U. Renewable Energy Nearly Doubles in 10 Years

The share of energy in the European Union generated from renewable sources increased from 5.4 percent to 9 percent of the total energy mix from 1999 to 2009…

U.S. Treasury, IRS Likely to Seriously Consider E.U. Letter on Foreign Account Tax Compliance Act Concerns, Practitioners Say

The United States is likely to carefully consider the European Union’s letter voicing concerns about the Foreign Account Tax Compliance Act and suggesting “synergies” between the EU Savings Directive and the new U.S. statute…

U.S. IRS Unveils Eagerly Awaited Foreign Account Tax Compliance Act Guidance; Practitioners Say Many Challenges Remain

The Internal Revenue Service April 8 unveiled its eagerly awaited second notice on the Foreign Account Tax Compliance Act, offering what practitioners said is welcome guidance under the new law that requires foreign banks to disclose their U.S.-owned accounts…

Basel Committee Official Downplays New Liquidity Rules’ Impact on Bank Assets

A senior official with the Basel Committee on Banking Supervision April 6 played down concerns that new liquidity standards under the Basel III capital accord could lead to a concentration of assets in government debt…

ANALYSIS: Hong Kong and China Taking Different Routes to the Cloud

Cloud computing is one of the hottest global technology topics at present…

Although Pleased with Outcome, EU Appeals WTO Decision on Illegal Subsidies for Boeing

The European Union announced April 1 that it was appealing a World Trade Organization panel ruling on the EU’s complaint against illegal subsidies for the U.S. aircraft manufacturer Boeing—for strategic reasons…

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