UPDATE: The Tariff Book was updated on May 10, 2019 to reflect an updated action on Section 301 by the Trump Administration that increased tariffs on $200 billion worth of Chinese products (List 3). How To Use The Tariff Book Because there is so much information included in this Tariff Book, we have made the document fully searchable. … Continue Reading
Executive Order (EO) 13867 is the most recent in a series of EOs issued by President Trump in an effort to cut through red tape in infrastructure permitting – particularly for energy infrastructure and even more particularly for energy export infrastructure.… Continue Reading
UPDATE: On April 17, 2019, the European Commission launched a public consultation period on a preliminary list of products from the US to be considered for countermeasures in its own separate case against the US.… Continue Reading
Please save-the-date for the upcoming symposium organized by the Export Control Joint Unit (ECJU) that will cover a range of export control topics.… Continue Reading
Due to the Export Control Reform (ECR) that began nearly six years ago, the Department of States’s Directorate of Defense Trade Controls (DDTC) has updated 18 of the 21 categories in the United States Munitions List (USML), and most of these categories had items transition to the Commerce Control List (CCL) of the Export Administration Regulations (EAR) by respective … Continue Reading
On March 14, 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) announced the creation of a new list specifically sanctioning foreign financial institutions (FFIs).… Continue Reading
On March 4, 2019, the Trump Administration announced Turkey and India will be terminated from the US Generalized System of Preferences (GSP) program, which allows developing countries to export goods to the US without paying duties.… Continue Reading
On March 1, 2019, the Department of State reviewed and maintained the Foreign Terrorist Organization (FTO) designation of the Kurdistan Workers’ Party (PKK). … Continue Reading
On February 28, 2019, with a civil penalty of US$400,000, Darling Industries, Inc. of Tucson, Arizona settled allegations for violating six counts of the Arms Export Control Act (AECA), as well as the International Traffic in Arms Regulations (ITAR), in connection with unauthorized exports of defense articles, provisions of defense services and failure to appoint a qualified Empowered Official.… Continue Reading
On February 4, 2019, US Department of State’s Directorate of Defense Trade Controls (DDTC) released a new electronic submission software for Advisory Opinions, called Defense Export Control and Compliance System (DECCS). Persons requesting an Advisory Opinion (Applicants) can apply for an account in DECCS.… Continue Reading
On January 31, 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) announced that it has reached a settlement agreement with e.l.f. Cosmetics, Inc. in the amount of US$996,080 for potential civil liability relating to 156 apparent violations of North Korea Sanctions Regulations. The potential violations stem from importation of false eyelash kits from the People’s Republic of … Continue Reading
On January 28, 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) announced that it has designated Petroleos de Venezuela, S.A. (PdVSA) following Executive Order (E.O.) 13850, after a determination by Treasury Secretary Steven T. Mnuchin and Secretary of State Michael Pompeo that PdVSA was operating in the Venezuelan oil sector. Additionally, OFAC has amended General License 3 and … Continue Reading
On January 24, 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) announced that it has added several individuals and aircraft to its Specially Designated Nationals and Blocked Persons (SDN) list. It also updated information relating to the Islamic Revolutionary Guard Corps.… Continue Reading
On January 16, 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) announced that it was extending the expiration dates for the following general licenses related to EN+Group PLC, JSC EuroSibEnergo and United Company RUSAL PLC: General License 13J, General License 14E and General License 16E.… Continue Reading
On January 8, 2019, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 6, which authorizes the winding down of certain specified transactions with Globovision Tele C.A. and Globovision Tele CA, Corp. until January 8, 2020. Additionally, OFAC issued new FAQs for General License 6, and also added several new individuals and entities to … Continue Reading
On December 14, 2018, the Bureau of Industry and Security (BIS) announced that Eric Baird, former Chief Executive Officer for a Florida based package consolidation and shipping service, pleaded guilty to a single count of felony smuggling and 166 violations of US export control laws. On December 12, 2018, BIS imposed civil penalties of US$17 million and a five-year denial … Continue Reading
Status: Clearance Acquirer: Brookfield Asset Management Inc. (Canada) Acquired: TerraForm Power, Inc. (US) Value: Approximately US$1.7 billion implied total equity value Industry: Energy… Continue Reading
Status: Clearance Acquirer: Public Sector Pension Investment Board (Canada); Pattern Energy Group Inc. (US) Acquired: Stillwater Wind, LLC (US) Value: Approximately US$45 Million Industry: Energy… Continue Reading
On December 17, 2018, President Trump signed into law the Small Business Runway Extension Act of 2018 (HR 6330) (the Act), which modifies the period to measure small business size status from three fiscal years of average annual receipts to five fiscal years.… Continue Reading
