Meet the Co-chairs - TAG-SP
Scopelitis, Garvin, Light, Hanson & Feary, P.C
International Trade and Customs
Contact: Thomas B. Mcvey; Williams Mullen (North Carolina & Virginia, USA)
On October 15, 2013 the first major series of amendments under the Export Control Reform will go into effect. Every exporter should be aware of these amendments and have a plan to prepare for these changes.
Background. Under the Export Control Reform, the Obama Administration is revising portions of the International Traffic In Arms Regulations (“ITAR”) and the Export Administration Regulations (“EAR”) to streamline and rationalize the U.S. export laws. As part of this process, the Directorate of Defense Trade Controls (“DDTC”) is transferring certain less sensitive items from the U.S. Munitions List (“USML”) to the newly created “Series 600” on the Commerce Control List (“CCL”) maintained by the Bureau of Industry and Security (“BIS”), and the agencies are adopting a number of additional changes to the ITAR and EAR. The Administration has promulgated a series of proposed regulations over the past three years leading up to these amendments, including proposed revisions to the various Categories of the USML. It is planned that these proposed changes will be finalized and go into effect on a rolling basis over the next twelve months commencing on October 15, 2013.
Contact: Clarkslegal (Reading, England)
Contact: Zhong Lun Law Firm (Shanghai, China)
On 3 July 2013, the State Council approved the establishment of the China (Shanghai) Free Trade Test Zone ("SFTZ"), which will be comprised of four existing free trade zones in Shanghai. By including the word "China" at the beginning of the SFTZ's official name, Zhong Lun believes the central government intends to use the SFTZ to expand the liberalization of the SFTZ to other free trade zones in China and to promote China's dream of making Shanghai the center of the global economy.
On August 12, 2013, BlackBerry Limited (“Blackberry”), formerly known as Research in Motion Limited, announced that the company’s Board of Directors had formed a Special Committee to explore its potential sale. In the beginning of September 2013, the media reported that Blackberry had registered to meet with the Government of Canada in order to discuss the Investment Canada Act1 (the “ICA”).
In Mitchell Silberg & Knupp's August 6, 2013 Alert, they mentioned the two proposals the Food and Drug Administration (FDA) issued on July 26, 2013 and further implement the Food Safety Modernization Act (FSMA), the first dealing with the Foreign Supplier Verification Programs (FSVP) and the second dealing with third-party auditors. Click to view the August 2013 FSVP Alert. In this edition, the firm addresses the FDA’s third-party auditor proposal, which is intended to regulate accreditation/certification bodies and third-party auditors. While the auditor proposal has less direct impact on food importers, it may nonetheless play a significant role in how companies evaluate their current and future business partners and also how they structure their future deals. Following a summary of the key provisions, questions that the FDA’s current proposal seems to overlook will be raised.