Global Affairs Canada (GAC) published new guidance clarifying the application of the deemed ownership provisions under Canada’s economic sanctions legislation. The guidance, updated on 13 October 2026, addresses the thresholds for establishing control over an entity, including through aggregated ownership by multiple designated persons, board appointment rights and the exercise of influence. It also provides illustrative scenarios involving indirect ownership structures and potential proxies for designated persons. Background Canada’s deemed ownership provisions were introduced into…
Join us in Mountain View, California on Thursday, November 12, for an exclusive in-person forum on Trade Strategy in a Fragmented World. The event will kick off with a fireside chat featuring Peter Harrell (Visiting Scholar Georgetown Law, former White House Senior Director for International Economics and Competitiveness, Contributing Editor, Lawfare), who will share insights on making sense of economic statecraft, the weaponization of tariffs, sanctions, and export controls, and adapting to the proliferation of…
Join us for the 47th Year-End Review of Global Trade Developments Conference, a three-day webinar series featuring five substantive sessions led by our international trade lawyers from around the world. Topics will include sanctions, export controls, customs and imports compliance, enforcement trends, and key global and regional trade developments. Please visit our event page for more information and to register.
Baker McKenzie has recently published a client alert regarding the US Department of Justice’s New Fraud Division Corporate Enforcement Directive issued on October 1, 2026. Corporate fraud schemes involving tariff evasion, importation of goods or services, or forced labor, are one of the four priority areas the Directive sets for Fraud Division prosecutors. The alert discusses the Division’s new Corporate Enforcement Section, the factors prosecutors must weigh heavily in corporate cases, and the Division’s use…