Trade and Manufacturing Monitor
Recent OFAC Settlement Highlights Due Diligence Expectations When Selling to Intermediaries
Last week, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with UniControl, Inc. (UniControl or "the company”) for shipping goods to European trading partners when UniControl knew or should…
U.S. Importers Should Reevaluate “First Sale” Customs Programs
On March 1, 2021, the U.S. Court of International Trade (CIT) issued a decision with important ramifications for any company that uses “first sale” to reduce customs duty liability for goods imported into the United…
Implications for Suppliers - Chevron Ordered to Wind Down Venezuela Business By December 1, 2020 (with Limited Wind-Down Activities)
On April 22, 2020, President Trump ordered Chevron to "wind down" its business in Venezuela by December 1, 2020. This will have a significant impact on companies that supply Chevron with equipment used for oil and gas…
COVID-19 – Four Key International Trade Compliance Considerations
Even as companies make rapid changes to respond to business challenges posed by the COVID-19 pandemic, executives and compliance team leaders must protect their company and employees by continuing to comply with…
On Made in America Day, Trump Continues Buy America Push
On Monday, July 15, President Donald J. Trump signed his latest Executive Order aimed at maximizing the use of American-made goods, products, and materials in federal procurement. Executive Order 13881 directs the…