Global Automotive Newsletter - June 2012

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In This Issue:

- The International Trade Commission: A Powerful Alternative for Patent Holders:

What does a patent holder do when component parts that infringe one or more of its patents are imported into the United States? Traditionally, the answer has been to send the manufacturer or importer a cease-and desist letter and seek an injunction in court. Increasingly, however, patent holders have turned to the International Trade Commission (ITC) pursuant to section 337 of the Tariff Act as an alternative forum for broad and expedient relief...

- Internal Revenue Service Compliance Assurance Process:

Last fall, the IRS made permanent a new process, the Compliance Assurance Process (CAP), to assure compliance with federal tax laws. It is an elective process. A taxpayer applies to the IRS for admission into CAP. If accepted, the taxpayer advises IRS agents during the taxable year of material transactions in which the taxpayer is engaging. Further, the taxpayer advises the IRS of the reporting positions for these transactions that the taxpayer intends to take when it files its tax return...

- Seller’s Guide for Environmental Due Diligence:

As a follow-up to the article that appeared in our February 2012 Global Automotive Newsletter, “Purchaser’s Guide for Conducting Environmental Due Diligence,” this Seller’s Guide will discuss several due diligence tips that will help a seller conduct environmental due diligence and negotiate environmental matters...

Please see full newsletter below for more information.

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Published In: Administrative Agency Updates, General Business Updates, Intellectual Property Updates, International Trade 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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