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NAFTA: Renegation or Renegotiation? Advancing Mexico’s Agenda
The renegotiation of NAFTA has begun. Since he was on the campaign trail, President Trump has openly criticized the agreement calling it the “single worst trade deal ever” signed by the US and one through which the US has been ripped off by Mexico. A few months ago, the press reported that President Trump even considered withdrawing from NAFTA by invoking article 2205 of the agreement. After the first round of negotiations, President Trump stated in Arizona that he personally does not think NAFTA can be renegotiated and that he may need to “kill” the agreement.
The History and Evolution of Aviation War Insurance: An Expert Interview with Glen Brighton
As RW Political Risk Newsletter readers may know, one of the practice areas robert wray PLLC has focused on for many years is aviation finance. An important and interesting facet of aircraft financing transactions is insurance, in particular, war insurance. Over a...
Public and Private Insurers: What is the Optimum Relationship for Insureds?
The relationship between private and public insurers has been a sensitive and changing area for as long as I have been involved with political risk insurance (PRI) and trade credit insurance (TCI). My involvement goes back as far as 1965 when I joined the UK export...
Trucking Under NAFTA: The Tortuous Path
In this article, Mariano Gomezperalta, who represented the Government of Mexico and Mexico’s trucking associations in various facets of the NAFTA cross-border trucking dispute, comments on the twists and turns of one of the most entangled conflicts under NAFTA.
Documentation Risk Issues in PRI, TCI, ECA Guarantees and Similar Transactions, Part II
ASSESSING AND QUANTIFYING ENFROCEABILITY RISK How Can Enforceability Risk Change After it is Determined Initially? So a key question is: what evidence regarding enforceability at an earlier stage is the best predictor that an obligation will be enforceable later, when...
Insurance Protections for the Transactional Impact of Sanctions Compliance
The Burden of Sanctions Compliance In recent years much column space has been taken up with trade and economic sanction measures and their effectiveness as a strategy for bringing about desired political change. To stand a chance of succeeding in any such objective,...
Middle East and North Africa Political Risk Assessment: Implications of Sustained Low Oil Prices
The US energy resurgence since 2005 has dramatically changed the geopolitics of global energy, particularly with respect to the Middle East and North Africa (MENA). The political risks in the MENA region are as high as they have ever been, just as oil supplies are...
Correlation Risks: An Interview with Harjeet Dhillon
In this interview, Harjeet Dhillon, Executive Director and senior member of the Willis Re Financial and Actuarial modelling analytics practice, shares his views on correlation risks in political risk insurance underwriting.
Pricing Correlated Political Risks
Measuring the impact of political risk on investment projects is one of the most vexing issues in international business, but this exercise is doubly important insofar as many of the most compelling growth opportunities reside in countries with weak institutional...
Documentation Risk Issues in PRI, TCI, ECA Guarantees and Similar Transactions, Part I
In Part I of this two-part article, Frederick E. Jenney, partner at Morrison & Foerster LLP in Washington, D.C., gives us an overview of documentation risk issues and identifying enforceability issues.