United States Increases Entertainment Exports to Latin American Markets

On September 30, 2011, the United States government signed an Export Trade Certificate of Review for the Latin American Multichannel Advertising Council ("LAMAC"). This certification will allow seven United States-based entertainment firms to increase the exportation of multimedia entertainment to Latin American countries and will likely pave the way for other United States-based entertainment studios to enter the market. The LAMAC's Certificate of Review was signed by Under Secretary for International Trade, Francisco Sánchez.

A Certificate of Review is a legal document issued by the Department of Commerce with the concurrence of the Department of Justice pursuant to Title II of the Export Trading Company Act of 1982 (15 U.S.C. § 4001-21). The certificate provides antitrust protection for the export activities specified in the certificate that is applicable to the holder and members identified in the certificate. This protection provides immunity from federal and state antitrust suits, shortens the statute of limitations for private antitrust actions, alters the burden of proof to the advantage of the certificate holder, provides recovery of legal expenses in cases in which the certificate holder prevails, and reduces liability from treble to single damages.

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Published In: Antitrust & Trade Regulation Updates, Art, Entertainment & Sports Updates, Business Organization Updates, Civil Remedies Updates, International Trade 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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