Legal Issues Confronting Formation and Operation of a Decentralized Autonomous Organization (DAO)
“A decentralized autonomous organization (DAO), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.”
Section 301 Exclusion Reinstatement: Will this Affect your Company?
The United States Trade Representative (USTR) recently released a notice and comment period for the possible reinstatement of certain Section 301 exclusions. The majority of all Section 301 exclusions expired on December 31, 2020.
Customs and Border Protection’s Recent FAQs on Forced Labor Enforcement
U.S. Customs and Border Protection (“CBP”) enforcement into forced labor practices continues into 2021, as CBP has detained 1,213 shipments that contained approximately $ 414 million of goods suspected to be made by forced labor this year.
China’s Dual Circulation Policy
Almost two years now into the global pandemic and the world’s two most powerful economies are having to take a hard long look at their supply chain shortcomings, as well as becoming economically self-sufficient to a great extent. During the pandemic it became painfully obvious that the U.S. has become far too dependent on China for imports of many essential needs.
Incoterms – Two Years Later
In September 2019, the International Chamber of Commerce released Incoterms 2020, heralded as a groundbreaking version of Incoterms that would bring great change to the supply chain community. Two years later, we look back on the changes that occurred and how they have affected us.
Tariff Engineering: Opportunities for Duty Mitigation
Tariffs are inherently controversial because of their financial consequences. An importer wants to pay as little duty as possible while Customs (CBP) wants to collect as much tariff revenue as possible.
Updated Requirements to HTS 9801.00.10 – U.S. and Foreign Goods Returned
S. Customs and Border Protection (“CBP” or “Customs”) recently released updated requirements for importers and brokers regarding HTS subheading 9801.00.10, U.S. and Foreign Goods Returned.
Continuing the Proposal for Customs Broker Continuing Education
On Oct. 28, 2020, U.S. Customs and Border Protection (CBP) published an Advance Notice of Proposed Rulemaking on continuing education for individually licensed customs brokers. After receiving comments and feedback from the trade, CBP published a Notice of Proposed Rulemaking (NPRM) on this proposal on Sept. 10, 2021.
CBP August 2021 Operational Update
U.S. Customs and Border Protection (“CBP” or “Customs”) recently released its August 2021 operational statistics. These statistics are important for CBP to review monthly/yearly to better understand and ensure enforcement efforts continue to improve.
Approaches to Regulation for Decentralized Finance
Decentralized Finance (DeFi) is a term describing the assortment of different financial applications enabled by blockchain technology and cryptocurrency with the aim to decentralize financial services that are currently intermediated by financial institutions.