Law & Regulation

Uruguay has defeated Philip Morris, the global tobacco giant, in a major international lawsuit over the country's tough anti-smoking regulations. The Swiss-based company sued Uruguay at the World Bank's International Center for Settlement of Investment Dispute under the terms of a 1991 bilateral investment treaty between Uruguay and Switzerland.
Five executives of the Mitutoyo Corporation, a precision instruments maker, were arrested today on suspicion of illegally exporting equipment to Malaysia that could be used in making nuclear weapons.