News

Partner Quinn Smith pens an op-ed for Bloomberg Law Insight on international law governing seizure of foreign-owned assets, with respect to Putin’s threatened seizure of foreign investments in Russia. Smith states that under investment treaties, expropriation can give rise to claims for damages. However, collecting on the claims could prove challenging.

Citing the unusual environment occasioned by the Covid-19 pandemic, GST LLP partners Ignacio Torterola, Quinn Smith and Diego Gosis share their cautions with Bloomberg Law regarding the use of executive power in the Defense Production Act. They warn that normal treaty templates including clauses referring to essential security interests may provide administrations the excuse to favor domestic investment over foreign, and that these actions may result in liability.