August 21, 2018 ILN

International Updates

European Union General Data Protection Regulation (GDPR) Enters Into Force

The European Union General Data Protection Regulation (GDPR) enters into force on May 25, 2018 in EU Member States. It imposes data privacy requirements and replaces the Data Protection Directive 95/46/EC. It applies to the data of individuals within the EU. It also applies to all companies, within and outside the EU, that process or store the personal data of individuals in the EU.

Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) Coming Into Force

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Sharing enters into force on July 1, 2018. The treaty is expected to impact more than 1,200 bilateral tax treaties worldwide and to allow for strengthening the protections against tax avoidance by multinational companies without bilateral renegotiations.

 

United Nations International Law Commission Meets for 70th Session

The 70th Session of the International Law Commission (ILC) of the United Nations will be held April 30 to June 1 2018 and July 2 to August 10, 2018. The theme is “70 years of the International Law Commission—Drawing a balance for the future.” The ILC will address immunity of State officials from foreign criminal jurisdiction, interpretation of treaties, provisional application of treaties, customary international law, the protection of the environment in relation to armed conflicts, protection of the atmosphere, jus cogens, and succession of States in respect of State responsibility.

 

United Nations Commission on International Trade Law (UNCITRAL) Holds 51st Session

The 51st Session of the United Nations Commission on International Trade Law (UNCITRAL) will be held June 25 to July 13, 2018. UNCITRAL will consider adopting an international instrument on international commercial mediation, a model law on cross-border recognition and enforcement of insolvency-related judgments, and a legislative guide on key principles of a business registry. Working Groups will provide updates on projects related to investor-state dispute settlement reform, e‑commerce, and security interests.

 

60th Anniversary of the New York Convention

This year marks the 60th anniversary of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, known as the New York Convention. It establishes standards for the recognition and enforcement of foreign and non-domestic arbitral awards. UNCITRAL provides technical assistance for the implementation of the Convention, including training activities for judges and legal practitioners, interpretation guidance, and a library of more than 2,500 decisions from 60 jurisdictions. NewYorkConvention.org.

 

International Court of Justice Elects New President

The International Court of Justice (ICJ) judges elected Judge Abdulqawi Ahmed Yusuf to serve as President of the Court and Judge Xue Hanqin to serve as Vice-President, beginning February 6, 2018. In February, four judges commenced another nine-year term after being reelected, and one judge, Judge Nawaf Salam, joined the Court.