Monday, July 12, 2021

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CLIENT ALERT

Hunton Andrews Kurth Client Alert

June 23, 2021

Sales in Florida Insufficient for General Personal Jurisdiction in Helms-Burton Case, Federal Court Reiterates

 

What Happened: A Florida federal judge dismissed a Helms-Burton Act claim for lack of personal jurisdiction over the defendant and closed the case. 

 

The Bottom Line: A foreign company does not subject itself to a court’s jurisdiction merely by selling its products through a publicly accessible website and at duty-free stores in international airports to residents of a certain state. Federal judges continue to limit the circumstances in which courts may exercise general personal jurisdiction over foreign companies.

 

The Full Story

 

In Cueto Iglesias v. Pernod Ricard, the plaintiffs sued Pernod Ricard, a French spirits company, under Title III of the Helms-Burton Act. The Act allows U.S. nationals who have had property confiscated by the Cuban government to sue those “trafficking” in the confiscated property. The plaintiffs alleged that the Cuban government confiscated without compensation all assets, including intellectual property, of Cueto, a cognac producer and seller, ultimately rebranding the assets as Havana Club. The plaintiffs, heirs of Cueto’s deceased founder, alleged that Pernod “trafficked” in the property by selling Havana Club. Pernod moved to dismiss the complaint for lack of personal jurisdiction.

 
 

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Thursday, July 29, 2021
10:00 a.m. to 11:30 a.m.

(Eastern Time - U.S. and Canada)
Despite a concerted effort that has vaccinated 40% of the population since the start of 2021, Brazil is still struggling to put COVID-19 infections on a solid downward path. Political polarization is increasing, and the 2022 presidential elections could see a repeat of 2018, only this time with Lula the favorite to win over Bolsonaro.

The economy is rebounding, yet expectations among businesses remain depressed, as does CAPEX. Unemployment remains at near record highs, with a worrying downward shift in labor force participation. Nevertheless, inflation has risen, propelled initially by supply shocks (food, oil, electricity and other prices) and increased risk aversion that has called a large depreciation of the Real. These shocks and worsening expectations prompted the Central Bank of Brazil to “normalize” its policy stance, withdrawing exceptional accommodation. The SELIC policy rate is up 225bp this year to July and likely will gain another 225bp to 6.50% by year-end.

Meanwhile, the fiscal accounts are recovering at a good pace from the historic deficit of 2020, but doubts remain about sustainability due to the further extension of fiscal benefits. The overall accounts will improve in 2021, but projections by the Senate’s Budget Office (IFI) forecast deficits until 2024 and a gross government debt-to-GDP approaching 90%. Higher interest rates and lower growth may once again worsen the debt trajectory. For investors, the possibility of increased volatility as the elections draw near is a concern.

The Chamber brings together a notable group of economists and political scientists to discuss these themes in our “Brazil: Midyear Economic and Political Outlook.” Please join us for this timely discussion.
Moderator:
Paulo Vieira da Cunha, Partner, Verbank Consulting, LLC
Drausio Giacomelli,
HeadofEMResearch, Deutsche Bank Securities
Speakers:
José Carlos Carvalho, Partner & Chief Economist, Vinci Partners
Christopher Garman, Managing Director for Latin America, EURASIA Group
Zeina Latif, Principal, Gibraltar Consultoria
André Loes, Managing Director, Morgan Stanley
Shelly Shetty, Senior Director, Fitch Ratings


Registration Information:
Members: $25
Non-Members: $50
Webinar information will be provided to registrants once registration has been completed.
Brazilian-American Chamber of Commerce, Inc. | 485 Madison Avenue, Suite 401, New York, NY 10022 | (212) 751-4691
 


 
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2021 Petrichor 

International Music Competition

**Extended Deadline: July 18**

Over $10,000 value in prizes!

Open to all instrumentalists, composers, singers, and ensembles.

 

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The 2021 Petrichor International Music Competition will mark the first occurrence of this annual music contest, and will provide support, inspiration, and exposure to instrumentalists and singers from around the world.

 

12 winners | 12 finalists

$10,000 value in prizes

    

All participants receive a 2-month iClassical Academy membership. (worth $48)

All winners and finalists receive a yearly iClassical Academy membership. (worth $224)

 

Categories:

A) Young Solo Performers (under the age of 21)

1st Prize: $500 

2nd Prize: $300 

3rd Prize: Honorable Mention

 

B)  Solo Performers, instrumentalists or singers (over the age of 21)

1st Prize: $1000 

2nd Prize: $500

3rd Prize: Honorable Mention
 

C) Composers (acoustic or electronic works)

1st Prize: $1000

2nd Prize: $500

3rd Prize: Honorable Mention
 

D) Ensembles (groups with two or more performers)

1st Prize: $1000

2nd Prize: $500

3rd Prize: Honorable Mention

 

Note: Categories A and B may include piano/orchestral accompaniment or electronic parts.

 

In addition to cash prizes and iClassical Academy membership, the winners receive official certificate + press/media exposure + online recital + feature on website.

 

Participation will be conducted entirely online, and the musicians will be asked to submit a video of their performances or their composition scores/electronic music/score.

 

Jury Panel

The applications will be reviewed by a jury panel consisting of world-renowned musicians from The Juilliard School, Berklee College of Music, Eastman School of Music, and Mannes School of Music.

 

Extended Deadline: July 18, 2021

 

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Thursday, July 15, 2021
1:00 p.m. to 2:00 p.m.

(Eastern Time - U.S. and Canada)
The reality of aging and retirement is more diverse, complex, and hopeful than initial forays would suggest, greatly affecting how wealth management and healthcare services cater to adults aged 50+. The Chamber brings together experts for a webinar on “How Technology and Longevity are Revolutionizing Healthcare,” to focus on themes of aging, community, and reinvention for this age group, including:

- The need for a new narrative that builds and expands upon the New Life Curve;
- The value of a purpose-based framework to help adults 50+ navigate this phase of life;
- Mindful use of technology that enables whole person datasets;
- A Humana case study demonstrating the potential of precision-communication solutions for increasing star ratings and CAHPS scores.

Please join us for this unique and informative discussion.
Speakers:
Flavio Masson, CoFounder/ChiefInnovationOfficer, McClennanMasson
Jeannette McClennan, Co-Founder / CEO, McClennanMasson
Ricardo Meirelles, Market Intelligence, PointClickCare


Registration Information:
Free of Charge
Webinar information will be provided to registrants once registration has been completed.
Brazilian-American Chamber of Commerce, Inc. | 485 Madison Avenue, Suite 401, New York, NY 10022 | (212) 751-4691