All Legal & Institutional articles – Page 2
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News briefs
EU countries reach an agreement to reduce CO2 emissions 90% by 2040
European Union ministers with responsibility for climate have reached an agreement to cut net carbon dioxide emissions 90% by 2040, said the Danish Climate Minister, Lars Aagard. Denmark currently holds the rotating presidency of the European Council. The agreement provides for some flexibility in reaching that goal. For example, the ...
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US, China agree on a truce in trade war
Following a meeting on Oct. 30 in Busan, South Korea, the US President, Donald Trump, and the Chinese President, Xi Jinping, reached a multi-point agreement to ease trade tensions. China agreed to suspend its new rare-earth export controls for one year, effectively maintaining access to critical materials for US ...
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ArticleBioShoes4All project nears finish line with campaign to promote conscious consumption
BioShoes4All, an initiative to bolster the sustainability of Portugal’s footwear supply chain launched in 2022, is nearing the finish line, with the Portuguese footwear industry association Apiccaps announcing in mid-October that 85 percent of BioShoes4All projects had been completed and unveiling an international campaign to promote the conscious consumption of ...
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Italian court appoints an expert for Aeffe and Pollini’s negotiated settlement procedure
The Chamber of Commerce of Romagna Forlì-Cesena and Rimini appointed on Oct. 8 Riccardo Ranalli as the expert to reach a negotiated settlement for the financial crisis affecting the Italian luxury goods company Aeffe and its footwear unit Pollini. On Oct. 10, Aeffe filed a petition with a court in ...
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China to impose extra fees on US ships from Oct. 14
China will impose additional fees on US vessels using its ports from Oct. 14 in retaliation to a similar measure by the US, according to the Transport Ministry. The extra fees will apply to ships owned and operated by American companies, as well as vessels built in the US. The ...
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ArticleTrump plans to increase tariffs on Chinese imports to 130%
The US President, Donald Trump, wrote on the social network Truth Social that he plans to increase US tariffs on Chinese imports by 100 percentage points on Nov.1, lifing the duties to 130 percent from 30 percent currently. The US will also introduce new controls on “any and all critical ...
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ArticleItalian prosecutor seeks to put Tod’s under court administration
Paolo Storari, a Milan-based public prosecutor, is seeking to put Tod’s under judicial administration for having allegedly facilitated poor working conditions in its supply chain. The Italian luxury goods group is accused of using suppliers operating workshops where workers lived “in conditions of quasi-slavery with wages of €2.75 per hour,” ...
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Aeffe and Pollini apply for negotiated settlement procedure to overcome financial crisis
Aeffe said that its board has applied for a negotiated settlement for the financial crisis affecting the Italian luxury goods company and its footwear unit Pollini. The group also requested the appointment of an independent expert and ”the application of protective measures” for the two businesses. Aeffe pointed out that ...
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Vietnamese exports to the US may drop by one-fifth
The 20 percent import tariff imposed on Aug. 7 by the US on Vietnamese goods could reduce the country’s exports to America by nearly one-fifth, making it the worst-hit country in Southeast Asia, according to estimates by the United Nations Development Programme (UNDP). Vietnam’s exports to the US could fall ...
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ArticleEU and Indonesia sign free-trade deal
The agreement is welcomed by European sporting goods and footwear industry associations
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India applies 5% sales tax on goods priced below 2,500 rupee
On Sept. 22, 2025, India’s Goods and Services Tax (GST) was reduced to 5 percent from 12 percent for products priced below 2,500 rupees (€24), a move which is expected to lift demand for cheaper goods. Meanwhile, the GST for goods priced above 2,500 rupees was increased to 18 percent ...
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ArticleEU plans to finalize a free trade agreement with India by year end
The European Union (EU) said that it is committed to finalizing a trade agreement with India by the end of 2025. ”Europe is already India’s biggest trading partner and we are committed to finalising our Free Trade Agreement by the end of the year. Europe is open for business. And ...
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US threatens Brazil after Bolsonaro conviction
The US Secretary of State, Marco Rubio, said that the US will respond to the Brazilian supreme court’s decision to convict former Brazilian President, Jair Bolsonaro, for plotting a coup after losing the 2022 presidential election. “The political persecutions by sanctioned human rights abuser Alexandre de Moraes continue, as he ...
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EFTA, India free trade agreement effective Oct. 1
A free trade agreement between the states of the European Free Trade Association (EFTA) and India becomes effective Oct. 1, according to the Swiss government. The Swiss State Secretariat for Economic Affairs noted that on Sept. 3 the country’s Federal Council “adopted the necessary amendments to the ordinances to implement ...
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3G obtains regulatory clearance to buy Skechers
Skechers U.S.A., Inc. and 3G Capital published a statement that all necessary regulatory approvals have been received to proceed with 3G Capital’s acquisition of the California-based footwear and apparel brand. The transaction, disclosed in May, is expected to close on Sept. 12, 2025, subject to customary conditions. As part of ...
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Brazil to set up R$ 30bn credit line to help firms hit by US tariffs
The Brazilian President, Luiz Inacio Lula da Silva, said that he will authorise a 30 billion Brazilian reais ($5.5 billion dollars) credit line to help local companies hit by US import tariffs. The financial support will go mainly to small companies, the larger ones being more resilient, Lula added. The ...
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ArticleTrump extends tariff truce with China for 90 days
The US president, Donald Trump, has extended the trade tariff truce with China for 90 days, which was due to expire Aug. 12. The new deadline for the world’s two largest economies to reach a trade agreement is now Nov. 10. “I have just signed an Executive Order that will ...
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US plans to double import tariffs on Indian goods
The US plans to double import tariffs on Indian goods to 50 percent as a punishment for buying Russian oil and thus help finance Russia’s invasion of Ukraine. In an executive order signed on Aug. 6 by US President, Donald Trump, the US plans to impose within 21 days of ...
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ArticlePortuguese shoemakers see US tariffs as an opportunity
The Portuguese footwear association Apiccaps said the US import duties announced by the US President, Donald Trump, “could be an opportunity for Portugal.” It noted that the round of tariffs released on July 31 by the US administration, and due to come into effect on Aug. 7 unless bilateral trade ...
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Armani fined for unfair commercial practices
Italy’s antitrust authority has fined Giorgio Armani and G.A. Operations 3.5 million euros for unfair commercial practices, charging that the two Italian companies had made misleading statements on their ethical and social responsibility commitments that were contradicted by the actual working conditions at the suppliers and subcontractors that produced most ...
