Ignorance of US Export Control Laws is Not a Defense

Why do companies—even large multinationals—often overlook compliance with U.S. export control laws despite the serious repercussions for noncompliance, including denial of export privileges? One of the possible reasons could be that in many instances organizations are not completely familiar with the nuances of the U.S. export control regime. Regardless of the underlying reasons for non-compliance, the consequences…

Why China’s Growing Appetite For Iraqi Oil Is Good For America, And The World

For the mass media chorus, postwar Iraq has come to resemble an emblem of American failure. Spurts of violence seem to be embedded into the fabric of everyday life, plaguing the country with disturbing regularity. Meanwhile, sectarian strife has continued to worsen. Inflamed by the civil war in neighboring Syria, unresolved sectarian tensions have sent violence in…

Latin America-China Dispute Resolution

LIMA, Peru, March 19, 2013 /PRNewswire/ — With growing trade between Latin America and China, it’s essential to include an effective dispute resolution provision in commercial agreements, according to Xingjian “Jeff” Zhao, Associate Attorney, Diaz Reus & Targ, LLP, Shanghai Representative Office. “There are several choices in arbitration wording, as well as venues,” said Zhao at…

China At The Cross-Hairs of U.S. Trade Sanctions For Keeping Yuan Undervalued

On September 24, 2010, the Ways and Means Committee of the U.S. House of Representatives approved H.R. 2378, the Currency Reform for Fair Trade Act of 2010. This Act clarifies that unfair trade practices of dumping and subsidization related to imported goods is actionable under United States countervailing and anti-dumping laws. In broad terms, “dumping”…