On October 7, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) simultaneously published a final rule strengthening the antiboycott regulations in Part 766 of the Export Administration Regulations (EAR) (the “Final Rule”), as well as a memorandum on the new rule’s implementation (the “Final Rule Memo”), issued by the Assistant Secretary
NEW YORK COMPANY SETTLES NINE ALLEGED BOYCOTT VIOLATIONS WITH BIS
Earlier this month, BIS’ Office of Boycott Compliance announced a Settlement Agreement with Mitsui Plastics, Inc., a domestic concern doing business in New York, to settle its potential civil liability for nine alleged violations of the Export Administration Regulations (EAR).
|§ 760.2(d)||Furnishing Information about Business Relationships with Boycotted Countries|
Treasury Publishes Quarterly ‘List of Countries Requiring Cooperation with International Boycott’
On January 8, the Treasury Department published its quarterly ‘List of Countries Requiring Cooperation with International Boycott’ in the Federal Register.
On the basis of the best information currently available to the Department of the Treasury, the following countries require or may require participation in, or cooperation with, an international boycott (within the meaning of…
Is the Saudi-Led Embargo of Qatar Subject to U.S. Antiboycott Regulations?
Is the ongoing effort to punish Qatar economically a boycott covered by the Bureau of Industry and Security’s (BIS) Antiboycott Regulations? What about the Boycott, Divestment, and Sanctions (BDS) movement? Both present challenges for international business – what position will you take? How do you choose between the competing commercial and policy options? But, do…
Enforcement Actions for August
Bureau of Industry and Security (BIS)
- Export Violations
- On August 18, BIS announced a Settlement Agreement with Cryofab, Inc. of New Jersey. On two different occasions in 2012, the company engaged in conduct prohibited by the Export Administration Regulations (EAR). Cryofab exported gas storage containers and related tools and accessories from the U.S. to an