Classification plays separate but fundamental roles in both the U.S. export and import systems. An improper classification can have severe repercussions including civil and criminal fines and penalties. Doreen Edelman provides an overview of export classifications.
Export Control Reform—Is Change Really Coming? What Will It Mean To You?
June 18, 2012
When it comes to export rules and regulations, what do companies want most? A system that is clear, predictable and easy to use. The Obama Administration got the message and in August 2009 announced a comprehensive review of the export control system. Here is a summary of the changes and what to expect. Bottom line—it is going to be a long, drawn out process.
Export Compliance Requirements For The HR Manager? If You Hire Foreign Workers in the U.S., You Bet!
May 29, 2012
Human resources and U.S. export controls don’t go together, right? Don’t bet on it. If that sounds crazy to you, you might be surprised to find an export compliance requirement, which was slipped into an immigration form last year, causing a bit of confusion inside your HR department. Doreen Edelman and Abbey Baker clarify I-129 export compliance and tackle FAQs they get from HR managers on a regular basis.
The Missing Topic on Your M&A Due Diligence Checklist: Export/Import Compliance
April 24, 2012
After discussing the importance of incorporating export and import compliance into the M&A due diligence process, Doreen Edelson of BakerDonelson provides a list of some import and export topics to include in your process.
Compliance Program “Must Haves” for Doing Business Abroad
November 2, 2011
With “compliance” being the buzzword for corporate executives and legal counsel, there is renewed focus on reducing legal risks when exporting or selling overseas. The key is a robust compliance program that outlines the company’s policy as well as various internal procedures to implement the policy and a solid set of documents to evidence the compliance activities at all levels of the company.
Doreen Edelman of Baker, Donelson, Bearman, Caldwell & Berkowitz reviews corporate compliance program “must haves” for companies doing business abroad.
International Trade Compliance: 6 Basic Products Questions A Company Should Answer (Part II)
October 12, 2011
On Monday the Thompson Coburn team explored the first three questions that outline the process of gathering the information necessary to understand a product for purposes of international trade compliance. Today they share the final three, where the same methodology may also be used to evaluate supply chain, pricing, and customer and supplier issues.
International Trade Compliance: 6 Basic Products Questions A Company Should Answer (Part I)
October 10, 2011
The touchstone of any international trade compliance program is the development of a strong and accurate database of the company’s products, services and technology. The ability to gather this information is central to determining classification for export and import purposes, export control requirements, origin and customs valuation.
The Thompson Coburn team of Robert Shapiro, Teresa Polino, James Slear and Sean McGowan use the six basic “question words” to outline the process of gathering the information necessary to understand a product for purposes of international trade compliance. This same methodology may also be used to evaluate supply chain, pricing, and customer and supplier issues.
The Trend of Overlapping Enforcement of Anti-Corruption and Export Controls
June 15, 2010
Wendy Wysong and her co-authors from Clifford Chance describe what can happen if a company does not have strong anti-bribery controls, because it probably also lacks strong systems and procedures to address export compliance as well.
