Yujin Kim McNamara

Dec 5, 2023 | lexology.com | Shariff Barakat |Suzanne Kane |Susan Lent |Yujin Kim McNamara |Zachary Rudisill |Amy Elliott | +2 more

On December 1, 2023, the Department of the Treasury and the Internal Revenue Service (IRS) issued proposed regulations (REG-118492-23) with additional guidance on the excluded entities provision in the section 30D clean vehicle tax credit. The provision disqualifies vehicles from being eligible for the credit starting in 2024 if the vehicle’s battery contains battery components that were manufactured or assembled by a foreign entity of concern (FEOC).

May 24, 2023 | law360.com | Yujin Kim McNamara |Sarah Kirwin |Brooke Davies

By Yujin McNamara, Sarah Kirwin and Brooke Davies (May 24, 2023, 5:08 PM EDT) -- Amid a larger push for reform, the World Trade Organization has been roiled by a recent set of cases against the U.S. concerning the proper invocation of the security exception in Article XXI of the 1994 General Agreement on Tariffs and Trade. Article XXI allows members to impose otherwise prohibited trade restrictions for the sake of their essential security interests under certain conditions....