iiBulletin™ August 2004, Vol. 1

International Intelligence: Fulfilling Your Need to Know

by Conan Grames
Publisher, iiBulletin™

I am pleased to bring you the premier edition of Kirton & McConkie's international intelligence Bulletin™. This free periodic bulletin is a public service of our firm designed to bring you the latest developments in international law and business, as well as regional and global news that may impact your company.

We live in a wired world where lack of knowledge about new legal developments anywhere can be detrimental to you or your organization.

Kirton & McConkie's international intelligence Bulletin™ will alert you to important news in the world of international law, business, economics and politics which are relevant to your business.

Our goal is to deliver this information in a manner that is timely, accurate and to the point. Kirton & McConkie has extensive international experience working for clients with legal activities in more than 100 countries. Our staff, including more than 75 attorneys, is fluent in 16 languages. Collectively, we have lived and practiced law in more than 40 countries.

During the past three decades, I have served as a partner with a leading global law firm and was responsible for the international legal operations of a Fortune 100 company. As Chair of the firm’s International Section, I am proud to say our goal is to provide the best international legal and business advice possible to clients both locally and globally.

I hope you find Kirton & McConkie's international intelligence Bulletin™ useful. If there are any areas you would like to see covered, please drop me an email [cgrames@kmclaw.com] or give me a call [801-328-3600].

Now, please enjoy iiBulletin™. If you desire to subscribe or unsubscribe from this newsletter, click here.

NEWS ALERT

China Amends its Foreign Trade Law

In an effort to enhance foreign trade and comply with World Trade Organization requirements, the Standing Committee of the National People’s Congress passed an amendment to its Foreign Trade Law. These changes, effective July 1, 2004, affect intellectual property rights, foreign trade-related issues, and foreign trade-related investigations. www.iibulletin.com/kmclaw.
Regional News

Middle East

Libya - U.S. Sanctions Relaxation

The White House and Office of Foreign Assets Control announced that the U.S. would relax sanctions against Libya on April 23, 2004. Most trade and investment transactions between the U.S. and Libya are now permitted. To view this article, please click here: www.iibulletin.com/kmclaw.

Asia

China - China Looks to Foreign Investors to Boost its Media Business

Chinese propaganda regulators look to build their media industry. The State decides to allow private and foreign investors to become involved, through investment, in state-owned broadcasting, newspaper, and other media groups. Click here to find out more: www.iibulletin.com/kmclaw.

Europe

E.U. Trade Sanctions Against the U.S. Resulting from Dispute in the WTO

by guest columnist David G. Fiscus, International Trade Specialist of the U.S. Commercial Service in Salt Lake City
Introduction by Lee Hunter

International Trade Specialist David G. Fiscus discusses the recent sanctions that the E.U. has imposed upon the U.S. The WTO Dispute Settlement Body authorized the E.U. to impose sanctions of $4 billion worth of U.S. exports, if the U.S. fails to comply with the WTO decision. See if your company is affected. To view this article, please click here: www.iibulletin.com/kmclaw.

Foreign Trade News

Foreign Corrupt Practices Act

Violations of the FCPA can result in sanctions of $2 million for guilty companies and $100,000 for individuals. In a 2003 case, both the President and the CEO of Owl Securities and Investments, Ltd., were sentenced to thirty months imprisonment and fined $60,000. Avoid becoming a victim—learn more about the FCPA at www.iibulletin.com/kmclaw.

Kirton & McConkie News:

Kirton & McConkie Becomes First U.S. Law Firm to Establish Presence in China's Nanjing Province

Kirton & McConkie enters into agreement with the Tian Hao (Top Hope) law firm of Nanjing, the capital of Jiangsu Province, China. The cooperation agreement is the first for an American law firm in all of Jiangsu Province, boasting 72 million residents and the second largest GDP in China. Click here to find out more: www.iibulletin.com/kmclaw.

Kirton & McConkie Brings Nanjing Province Conglomerate, Jiangsu Easthigh, to Utah

Jiangsu Easthigh International Group Co., one of China's largest real estate developers and international trading companies, recently announced its plans to establish U.S. headquarters in Utah. Honorary trade representative for the State of Utah and of-counsel with Kirton & McConkie, Michael Chen, was influential in bringing Jiangsu Easthigh to Utah. For more information, click here: www.iibulletin.com/kmclaw.

Find all issues of iiBulletin™ and more information on Kirton & McConkie by visiting our website at www.kmclaw.com

The contents of this newsletter are not intended as legal advice in specific situations. If you would like more detailed information or advice concerning a specific situation, we invite you to contact one of our professionals at Kirton & McConkie, who would be happy to further assist you. If you desire to subscribe or unsubscribe from this newsletter, click here.

© Copyright 2004 Kirton & McConkie. All Rights Reserved.