China's Transfer Pricing Measures

Earlier this year, the State Administrationof Taxation promulgated the much-antic-ipated transfer pricing measures detailingthe administrative rules for all special taxadjustments. These special tax adjustments,including cost sharing, thin capitalization,     

Blowback: Investor–State Dispute Mechanisms in International Trade Agreements

The North American Free Trade Agreement (NAFTA) gave unprecedented rights to private investors. These provisions quickly became entrenched in policy and practice, appearing in most multilateral and bilateral trade agreements in the 1990s as American investors began to bring Canada and Mexico to arbitration. However, the Australia–U.S. Free Trade Agreement (AUSFTA) of 2004 contained no such provisions. The purpose of this article is to explain why enthusiasm for NAFTA‐style protections waned so dramatically after a decade of entrenched practice. We argue that the reason lies in the “blowback,” the unintended and negative consequences created by NAFTA’s Chapter 11, and conclude that the abandonment of NAFTA‐style protections in the AUSFTA sets important precedents for the future of international free trade agreements.     

Using Reasonable Efforts Determinations to Improve Systems and Case Practice in Cases Involving Family Violence and Child Maltreatment

The Adoption and Safe Families Act (ASFA) of 1997 reinforced that the safety, permanency, and well‐being of the child should be the primary concerns when making decisions about child protection interventions, child placement, and efforts at reunification. The court's role in oversight of agency practice in individual cases through the requirement of specific judicial findings as a condition of receipt of certain funding was also maintained and strengthened by ASFA. Based on the recognition of the number of cases where there is a co‐occurrence of domestic violence and child maltreatment, there is a need for communities and agencies to set reasonable expectations of good practice for responding to the issues raised. As the community sets the expectations of good practice through agency policy, training, and service delivery, the judiciary, through the findings regarding “continuation in the home” or “reasonable efforts” in each individual case, provides the oversight of practice required by ASFA. This article will explore the current applications of reasonable efforts, discuss ways that courts and communities are defining the concept, and examine the need for the development of a reasonable efforts protocol.     

Pennsylvania's New Limit On Asbestos Liability For Successor Corporations

Pennsylvania recently enacted a law that limits the damages a successor corporation can be required to pay for asbestos liabilities. Senate Bill 216, which the Pennsylvania legislature passed in December 2001, bars any recovery against a qualifying successor corporation in excess of the adjusted fair market value of its predecessor. The act applies to all successor corporations that were incorporated in Pennsylvania prior to May 1, 2001 and that consummated a merger or consolidation with their predecessor prior to that date. Under standard choice-of-law rules, the act should protect qualifying successor corporations in many jurisdictions outside of Pennsylvania. The act survived its first constitutional challenge at the trial court level, and should survive any future challenges in the appellate courts