As part of the 2014 ACC Houston Chapter Ethics & Compliance Practice Group series, please join us for our inaugural CLE breakfast of the year discussing supply chain compliance issues in the global market. This interactive session will be held on Tuesday, March 4, 2014, at The St. Regis Houston, where our panel consisting of in-house counsel, and Baker & McKenzie trade compliance practitioners Ted Murphy and Steven Hill, will identify customs, export controls, and…
A third-party supplier to a major multi-channel electronic retailer pled guilty in U.S. federal court to the criminal charge of intentionally defrauding the United States of more than $1 million in customs duties. The supplier, Fai Po Jewellery (H.K.) Co., Ltd. (“Fai Po”), was ordered to pay nearly $2 million in criminal fines and restitution and placed on probation for a period of three years.(1) Click here to read the full client alert.
On Monday, June 24, 2013 from 8:30 a.m.-12:30 p.m. in our Washington, DC office, please join attorneys from Baker & McKenzie offices in Germany and the US for an informative half-day, morning program, regarding developments that could affect the US defense industry doing business in Germany. Speakers will also include the Director of Taxes & Insurance from General Dynamics Land Systems. Please click here to register.Agenda 8:30 a.m. – Registration 9:00 a.m. – Introductory Remarks on Compliance (relating…
A case recently decided by the U.S. Court of International Trade demonstrates, once again, the Court’s willingness to follow the general rule for successor liability, and its exceptions, in the context of customs violations. The case, United States v. Adaptive MicroSystems, LLC, et al., CIT Slip Op. 13-50 (April 10, 2013), involves the U.S. Government’s efforts to collect $6.8 million in unpaid customs duties and penalties from a company that acquired the assets of another…
Many retailers have implemented supply chain programs to take advantage of a duty-savings opportunity commonly known as the first sale rule in the United States and the European Union. Under these programs, importers involved in multi-tiered transactions (i.e. transactions typically involving a manufacturer, middleman and importer) may value merchandise pursuant to the first sale price between the manufacturer and the middleman for customs purposes, as opposed to the higher sale price between the middleman…