Month: April 2022

Russian Sanctions OFAC

Russian Sanction Updates and Reporting Requirements: What are your Responsibilities under OFAC?

By: Adrienne Braumiller, Partner & Founder, Braumiller Law Group

In response to the Russian Federations’ (“Russia”) invasion of Ukraine, the U.S. Government has recently announced expansive economic sanctions against Russia and its economy. The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) imposed sanctions against multiple parties in Russia to deplete Russian resources for purposes of ending the war.

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IMMEX – More of What You Need to Know

By: Brenda Cordova, Mexico Counsel, Braumiller Law Group and Francisco de la Cruz, Mexico Attorney

IMMEX is an acronym that in Spanish stands for Industria Manufacturera, Maquiladora y de Servicios de Exportacion (Manufacturing, Maquiladora and Export Services Industry). It is a program from the Mexican federal government focused on promoting foreign investment, exports, creation of jobs, development of technology, etc.

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marking and labeling goods

Cautions When Marking and Labeling Goods for Export from the United States

By: Paul Fudacz, Partner, Braumiller Law Group

Many importers are familiar with marking and labeling requirements for products imported into, and sold in the U.S. These include mandatory requirements such as U.S. Customs country of origin marking and labeling requirements, Federal Communications Commission labeling for certain electronic equipment, specific labeling for certain consumer products under the Federal Trade Commission and Consumer products Safety Commission, as well as a host of other mandatory marking and labeling requirements of other regulatory agencies for specified products.

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US anti boycott laws

Antiboycott Compliance for U.S. Companies

By: Mike Smiszek, Senior Trade Advisor, Braumiller Consulting Group

A boycott is the organized and intentional refusal to engage in activity, whether directly or indirectly, with an identifiable specific group of persons in order to achieve a discriminatory policy objective based upon national origin, religion, ethnicity, race, gender, or other group characteristic.

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Section 301 Exclusions

Refunds Available? USTR Announces Reinstated Section 301 Exclusions

By: Brandon French, Associate, Braumiller Law Group

Since the end of 2020, almost all companies were forced to begin paying the Section 301 duties as most available exclusions expired. This was a major hit for companies who were relying on the exclusions, as the additional duties were either 25% (List 1, 2, and 3) or 15% (List 4A).

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Evolving Legal Issues for NFTs

By: Justin Holbein and James Holbein, Of Counsel, Braumiller Law Group

Throughout 2021 and 2022, Non-fungible tokens (NFTs) have increasingly grown into public awareness. People often hear about NFTs through collectible projects like Bored Ape Yacht Club, CryptoPunks, and World of Women. Usually, people then encounter the hype, interest, and indignation about what exactly NFTs are along with the corresponding potential use cases. Why have NFTs exploded into the zeitgeist?

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Digital Assests

Executive Order on Digital Assets a Welcome Start to Responsible Regulation

By: James Holbein, Of Counsel, Braumiller Law Group, and Justin Holbein

The President issued an Executive Order on Ensuring Responsible Development of Digital Assets on March 9, 2022. The value of the cryptocurrency and digital assets sector exceeds $3 trillion and has the potential to grow much larger with proper regulation. No country has taken a lead role to develop regulation that will foster innovation while simultaneously protecting consumers, investors and businesses from criminal activity related to digital assets.

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Tracing Country of Origin – CBP Enforcement Trends Involving Verifying Country of Origin of Imports

By: Harold Jackson, Associate Attorney, Braumiller Law Group

Country of origin of imported merchandise is a cornerstone enforcement area for Customs & Border Protection (“CBP” or “Customs”) and is the accurate tracing of the country of origin of goods and materials across multiple countries and is a crucial aspect of maintaining a compliant global supply chain.

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