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Planning Import Transactions Can Minimize Duties And Customs Penalty Exposure
Introduction Rare is the manufacturer, trader or publishing company that is not engaged in international trade. Companies are comfortable in working with corporate counsel to create a corporate structure, negotiate contracts, and to assist in assembling all of the pieces of a business. However,...
Read MoreFailure To Properly Report Product Origin Can Result In Substantial Penalties
You would think that as globalization continues to expand, the identity of the source and origin of the product would be of diminishing interest. Putting consumer preferences or lack of them aside, the U.S. government wants to know where imported goods are made, and what processes are performed in...
Read MoreU.S. Trade Regulations And Retaliation Against Chinese Origin Goods - Part II
Part I of this interview appeared in the December 2005 issue of The Metropolitan Corporate Counsel and can be accessed online at www.metrocorpcounsel.com by putting "Schroth" in the site's search box. Editor: Please tell our readers about the new Bilateral Quota Agreement between the U.S. and...
Read MoreChina - Law Firms U.S. Trade Regulations And Retaliation Against Chinese Origin Goods - Part I
Editor: Please tell our readers a little about your background. Schroth: I received my B.A. from Tulane University and my J.D. from Vanderbilt University, with an L.L.M from the London School of Economics. I joined the international trade practice of Grunfeld, Desiderio, Lebowitz, Silverman...
Read MoreInternational Law & Trade - Law Firms Highlights Of The Dominican Republic-Central America- United States Free Trade Agreement (CAFTA)
The U.S, Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua signed CAFTA on August 5. On August 2 President Bush signed the implementing legislation (Pub. L. 109-53) after the House of Representatives passed it (H.R. Bill 3045) by a bare majority of only 2 votes. The...
Read MoreProject: Corporate Counsel - Law Firms Have You Reviewed Your Foreign Trade Compliance Programs?
Editor: Tell us a bit about your background? Silverman: I have an undergraduate degree in accounting and a law degree. When I graduated from law school, I took a position as a trial attorney in the Justice Department in the Customs Section defending Customs' decisions in what was then the Customs...
Read MoreThe Legal Department Must Take A Serious Look At Export Compliance
Consider the following: On October 25, 2004, ITT Industries was ordered to pay $8 million for unauthorized export of night vision products, technical data, and defense services, $5 million of which was assessed for the company's "remedial compliance enhancements" specified in the order. Among other...
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