Business News Digest - August 2012

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In this issue:

- A Tale of Two Middle Markets

- After Nearly Ten Years Under Review, CBP Revises Its Policy to Allow Post-Import Pricing Adjustments for Related Party Goods

- Consummated Mergers: It Ain’t Over 'Til the Fat Lady Sings

- Customer Due Diligence and Beneficial Ownership: New Requirements for Financial Institutions?

- Granting Russia PNTR Will Increase Export and Business Opportunities for U.S. Companies

- New Jersey's Gift Card Law Requires ZIP Code, Extends Abandonment, Provides "Cash Back"

- Nicaragua Falls Short Again: Tariff Preference Level Reduced by 3% for 2012

- OFAC Issues General Licenses Authorizing Investment and Exports of Financial Services to Burma

- Suspension & Debarment: New Trends and the Continuing Due Process Debate

- What Do Healthcare Reform and the "Fiscal Cliff" Have In Common? Tax Increases

- Advertising News & Analysis

- July 12, 2012 Edition

- July 19, 2012 Edition

- July 26, 2012 Edition

- IP Buzz - July 2012 Edition

- Upcoming Events

An excerpt from "Nicaragua Falls Short Again: Tariff Preference Level Reduced by 3% for 2012"

On Tuesday July 10, 2012, the Committee for the Implementation of Textile Agreements announced that it is reducing the 2012 tariff preference level (TPL) for Nicaragua to account for the shortfall in meeting the one-to-one commitment for cotton and man-made fiber trousers exported from Nicaragua to the United States pursuant to the Central America-Dominican Republic-United States Free Trade Agreement (CAFTA-DR). The TPL can be beneficial to both U.S. textile mills seeking to source in Nicaragua as well as retailers and apparel manufacturing companies doing business in Nicaragua.

Please see full newsletter below for more information.

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Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Mergers & Acquisitions Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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