Monthly Archives: January 2018

ILN Today Post

So Congress allowed GSP to expire, what next?

On December 31, 2017 the Generalized System of Preferences (“GSP”) trade program expired after Congress failed to reauthorize the program. The GSP is a program utilized by U.S. importers that allows for duty-free entry of specified products from 120 designated beneficiary countries. The GSP is the U.S.’s largest trade preference program, and in 2016 alone, U.S. imports under the GSP reached $18.95 billion.[1] As will be described in more detail below, although the GSP is currently expired and importers must pay duties on the entries of GSP-eligible goods, U.S. Customs and Border Protection (“CBP”) has “strongly encouraged” importers to continue to flag GSP-eligible imports with the applicable Special Program Indicator (“SPI”).

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Insights So You Missed the December 31, 2017 NIST 800-171 Implementation Deadline?

Defense Acquisition Regulation Supplement (“DFARS”) 252.204-7012 requires defense contractors to protect the security of Controlled Unclassified Information (“CUI”). NIST 800-171[1] defines the security requirements for protecting CUI in nonfederal information systems. NIST 800-171 details adequate cybersecurity measures for each of 110 security requirements that should be adopted by defense contractors and subcontractors. The NIST will help nonfederal entities, including contractors, to comply with the security requirements using the systems and practices they already have in place, rather than trying to use government specific approaches. It provides a standardized and uniform set of requirements for all CUI security needs, tailored to nonfederal systems, allowing nonfederal organizations to be in compliance with statutory and regulatory requirements, and to consistently implement safeguards for the protection of CUI.

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Torres Law Managing Partner, Olga Torres, Receives Global Attorney Of The Year Award

DALLASJan. 29, 2018 /PRNewswire/ — Torres Law, PLLC, a leading international trade law firm, is proud to announce that Managing Member Olga Torres was recently awarded the Global Attorney of the Year by the Dallas Global Chamber. The Global Chamber selected Ms. Torres based on her experience and qualifications, including her recent selection for recognition in the 2017 edition of Who’s Who Legal: Trade & Customs and her Super Lawyers Rising Stars rating for four consecutive years. Ms. Torres was also recently selected as a “Recognized Practitioner” in the areas of International Trade: Export Controls & Economic Sanctions Law by Chambers and Partners USA, a leading authority in attorney rankings.

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FCC Proposes $13.3M Fine Against Sinclair Broadcast Group for Apparently Violating Sponsorship Identification Rules

The Federal Communications Commission (FCC) has proposed to fine Sinclair Broadcast Group, Inc. (Sinclair) $13,376,200 because it apparently failed to make required disclosures regarding paid-for broadcast programming. The proposed fine is the largest ever under the FCC’s sponsorship identification rules and is part of the growing trend by regulators taking serious action to ensure that relevant material information is disclosed to consumers in an appropriate manner.

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CLOC is a Community, a Movement

“It’s a community, it’s a movement.”

These were among the closing words from Mary O’Carroll, the Head of Legal Operations at Google and CLOC board member, as the first CLOC EMEA Institute wrapped up last week. And for those of us in attendance, you could certainly feel the energy. It was not unlike what we saw at the CLOC Institute in Las Vegas in April.

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The (Exaggerated?) Death of the Press Release

Brand messaging shows up everywhere these days, from the screens in our pockets to the sides of sports stadiums. The ubiquity of brand content makes the fight for ever-decreasing attention spans only tougher as the number of communications platforms multiplies. It’s enough to make traditional forms of messaging, like the press release, obsolete.

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ILN Today Post

Beskatning af udbytte – Ejerforholdene er afgørende!

Maskeret udbytte kan ramme aktionærer hårdt, selv hvis de er blevet bedraget af deres partnere.

Denne klumme er den tredje klumme i en række klummer omkring mere eller mindre overraskende beskatningsformer. I denne klumme vil der blive sat fokus på udbyttebeskatning af kapitalejere (dvs. aktionærer og anpartshaveres beskatning af udbytte, der oppebæres fra deres selskab).

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Court bans abusive litigation tactics but for how long?

A welcome decision of the English High Court that potentially abusive litigation tactics cannot prevail could prove short-lived as a result of Brexit uncertainty.

The usual court first seized rule applies where claims are issued by disputing parties in the courts of two or more EU member states.  This means that all courts must stay their own proceedings until the court where the proceedings were brought first in time has determined whether it has jurisdiction.  It became possible to exploit this anomaly through a practice known as the “Italian torpedo”.  By commencing pre-emptive proceedings in Italy, lengthy delays in the Italian courts could severely delay the chosen court in proceeding to hear the claim.

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Minimum Energy Efficiency: it’s all about MEE MEE MEE

As stated in our articles ‘A greener and more pleasant land?‘ and ‘EPCs and minimum energy efficiency standards for private rented properties, the implementation of the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 (Regulations) takes effect from 1 April 2018.

With the implementation date fast approaching, this article is intended as a reminder of the main requirements imposed by the Regulations and a review of the practical consequences for those letting and occupying commercial premises.

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Draft law on disclosure of shareholders’ agreement has been introduced to the State Duma

On 8 November 2017 a draft bill(“Bill”) adopting amendments to the EFRS (Unified Federal Register of Companies’ Information) has been introduced to the State Duma of the Russian Federation. The Bill contemplates certain amendments to the Federal Law “On State Registration of Legal Entities and Individual Entrepreneurs”2 which make it possible to publish in the EFRS the information regarding the rights and restrictions stipulated in the shareholders’ agreement (“SHA”). The Bill is scheduled for the first reading in January 2018.

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