The term is not a definite legal one but often comes up in discussions about export regulations and sanctions. Since it’s often used, it’s helpful to describe the important aspects surrounding these countries and civil penalties. Sanctions are typically imposed in response to the actions of the target country, which are deemed to be a[…]
Time is a precious commodity for any business owner, and in your case there’s never enough of it. So when the head of manufacturing asks for your okay to provide a tour to a possible investor from across the ocean, you consent without hesitation. But as he walks out the door a thought rises to[…]
Scratching his head, Leon scanned the official looking document before him. One bolded word stood out. Detention. Can you relate? Free time has come and gone. Now you’re the recipient of export detentions which are costing you precious time and money. Understanding your dilemma, we want to offer you a way to earn a resolution.[…]
On August 6 and 7, US President, Donald Trump announced an Executive Order banning transacting with the Chinese owned apps, WeChat and TikTok. The announcement comes after several similar edicts requiring federal workers remove such apps from any devices used at work or on US government networks. As a frequent user of WeChat myself for[…]
My Top 6 Mistakes Overseas 1. Taxi Scams – Of course we have all fallen victim to these as tourists and business travelers. I have actually become rather adept at noticing these scams in my most common destinations I visit now. Most commonly they will run a higher tariff rate (runs the meter faster) or[…]
Lessons Learned Doing Business Overseas Reidel Law Firm represents and transacts business with partners and clients around the globe. In our travels and projects we have had the opportunity to work with many cultures and countries. On rare occasions these projects sour a bit and become a learning experience for us. In this article I’d[…]
Export Control Reform Act – Headaches to Come for Exporters The Export Control Reform Act of 2018 (ECRA) was passed in June as part of the John McCain National Defense Authorization Act of 2018, along with other trade and FDI related regulations. While the ECRA has the word reform right in the title, exports and[…]
Need to Know: Export Terms For folks new to exporting or even importing there will be a myriad of abbreviations which are important to know as you start exploring the export market. The international commercial terms (Incoterms for short) are the official rules of the International Chamber of Commerce that explain typical trade terms.[…]
