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Vedder Thinking | Articles International Trade and Compliance Quarterly Newsletter - Quarter 4 2021

Newsletter/Bulletin

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  • It’s Time to Take a Second Look at Your Products’ Countries of Origin

    As supply chains continue to face global disruptions, previously stable sourcing of product inputs is a thing of the past and ongoing compliance will require that companies develop systems for real-time monitoring of their declared and marked countries of origin. Our article provides important updates regarding country of origin requirements, tariff calculations, “Made in USA” labeling requirements, and special country of origin considerations for government contractors.

 

 

  • Anti-Corruption Hot Topic: Corporate Transparency Emerges as Cornerstone of Financial Integrity Regulatory Reforms

    Against the backdrop of the Pandora Papers, increasing corporate transparency has become a cornerstone for improving financial integrity by pulling back the veil on illicit money flows, and the United States has taken a significant step toward reform. In this article, we provide an overview of the key provisions of the Corporate Transparency Act which, through the Anti-Money Laundering Act of 2020, became law on January 1, 2021. We also identify key implications for our clients and friends, and we provide some insights regarding conducting due diligence surrounding the Pandora Papers.

 

 

  • Common Regulatory Hurdles to Foreign Investment in the United States—HSR and CFIUS Explained

    Several U.S. regulatory schemes can affect the ability of foreign investors to acquire an interest in or control of U.S.-based companies. Parties considering cross-border investments should think early and often about how to steer their deal through relevant agencies and how to allocate the risk of regulatory delay or challenge. In this article, we focus on Hart-Scott-Rodino (“HSR”) and Committee on Foreign Investment in the United States (“CFIUS”) filing requirements, and examine how they can impact the risks and timelines of investment transactions.

 

  • International Coalition Takes Shape to Coordinate Economic Sanctions on Human Rights Violators

    Following a series of high-profile, widely condemned human rights violations, including the torture and killing of Sergei Magnitsky and the killing of Jamal Khashoggi, a coalition of western nations have developed global human rights (“GHR”) sanctions regimes. Following a discussion of the U.S., EU, and UK sanctions programs, we share insights for our clients and friends in navigating burgeoning global sanctions compliance obligations.



Professionals



Brent Connor

Shareholder



Brian K. McCalmon

Shareholder



Catherine A. Johnson

Associate



Henrietta Worthington

Solicitor