News & Analysis as of

The Bri-Chem Trilogy: Federal Court Affirms Tribunal

On November 16, 2015, we described important substantive and procedural issues that would be addressed by the Federal Court of Appeal (FCA) in an appeal from a decision of the Canadian International Trade Tribunal (CITT)....more

Resolution relating to clearance of customs declarations for exempted fixed assets in Jordan

The Council of Ministers has issued its decision No. 31/16/2/35099 on 18 August 2016 approving that all customs exemptions awarded to fixed assets, which were granted pursuant to Jordanian legislation and decisions issued...more

New Import Regulations Signal Increased Enforcement Against Duty Evasion

U.S. Customs and Border Protection (CBP) has issued new interim regulations to remedy and penalize evasion of antidumping and countervailing duties (AD/CVD) orders. The regulations, which became effective August 22, 2016,...more

EU Customs Developments - July 2016

EU Customs Policy - Union Customs Code Developments - On 19 July 2016, the European Commission published a proposal to amend Article 136 of the Union Customs Code (UCC). This Article UCC exempts goods that have...more

Court practice on applying the customs procedure of outward processing

On 28 July 2015 the Commercial Court of Moscow rendered a decision in case No. ?40-102787/2016-33-887 under the claim of Sodruzhestvo LLC (the “Company”) against the Central Excise Customs Authority (“CECA”) to invalidate a...more

Dubai Airport Freezone Authority

Dubai Airport Freezone (DAFZA) is one of the region’s fastest growing Freezones. Established in 1996, DAFZA is home to over 1,450 companies, covering a range of key industry sectors, including aviation, freight & logistics,...more

Brexit: Overview of Potential Impact on Derivatives

The process of Brexit will take many years, and the implications for our clients’ businesses will unfold over time. Our MoFo Brexit Task Force is coordinating Brexit-related legal analysis across all of our offices, and...more

Potential Legal Implications Arising from "Brexit"

On June 23, 2016, the United Kingdom (UK) voted by way of an advisory referendum to leave the European Union. While the result will not take immediate legal effect, incoming Prime Minister Theresa May has indicated that...more

Summer Travel Tips Released by CBP

U.S. Customs and Border Protection (“CBP”) Commissioner R. Gil Kerlikowske released the agency’s summer travel tips for international travelers....more

New version of Customs Nomenclature (TN VED EAEU) enters into force 1 January 2017

The Eurasian Economic Union’s Combined Nomenclature of Foreign Economic Activity (TN VED EAEU) is based on the International Convention on Harmonized Commodity Description and Coding System. The World Customs Organization, as...more

What are the Tax Consequences of BREXIT for U.S. Taxpayers?

Recently, The Harvard Law School Forum on Corporate Governance and Finance published a note titled "The Legal Consequence of Brexit, authored by Simon Witty. We have restated the transactional tax commentary here. We have...more

Brexit – The UK and International Tax Consequences

The political, economic and constitutional fallout of the UK’s referendum decision to leave the European Union (Brexit) will continue for some time. In addition to considering some of the possible domestic UK tax implications...more

Brexit: Tax Implications

The majority has spoken: on Friday 24 June, it was announced that the UK had voted to leave the European Union (the “EU”). The full implications of this decision are largely unknown, given that the UK is navigating...more

Brexit - What Now For Your Business

So, the UK has voted to leave the EU. Everyone has their own opinion and we've all seen the news reports and various viewpoints but what does this result mean for you in practical terms and where do we go from here? Here's...more

EU Customs Developments - May 2016

EU Customs Policy - Union Customs Code (UCC) Developments - On 11 May 2016, the European Commission published a correction to the Union Customs Code (UCC) Delegated Act. It removes references to certain special...more

"Brexit Bites": Tax Implications for the United Kingdom

This is the twelfth in our series of "Brexit Bites" which focuses on Tax. National Tax Competence Regained? Taxation is largely a Member State competence under current EU law. However, there are a number of significant...more

EU Customs Developments - April 2016

EU Customs Policy - Union Customs Code (UCC) Developments - On 1 May 2016, the Union Customs Code (UCC) entered into force. The UCC is the new EU framework regulation for the rules and procedures for customs and...more

Opportunity to reduce import costs into Canada - but you need to act now!

In Budget 2016: Growing the Middle Class, the Government of Canada announced its intention to eliminate tariffs on food manufacturing ingredients, such as those used in the agri-food processing industry, as part of its plan...more

Development of court practice on customs disputes over the classification of goods

On May 18, 2016 the Commercial Court of Moscow rendered a decision on the customs dispute of Apple Rus LLC (the “Company”) over the classification of Apple Watch devices according to the unified Foreign Economic Activity...more

Supreme Court clarifies issues of how the courts apply customs law

On May 12, 2016 the Plenum of the Russian Federation Supreme Court approved a Resolution in which it clarified customs legislation on determination of customs value, classification of goods, refund of excess customs duties...more

Eurasian Economic Commission approves rules for applying the procedure of deferred determination of customs value of goods

Decision No. 32 of the Council of the Eurasian Economic Commission of April 12, 2016 on Approval of the Rules for Applying the Procedure of Deferred Determination of Customs Value of Goods (the Rules) enters into force on May...more

WCO Technical Committee on Customs Valuation Sanctions Use of Transfer Pricing Studies

To support the use of transfer pricing studies as an aid in establishing that prices paid or payable are not influenced by the relationship between vendor and purchaser, the World Customs Organization (WCO) has sought for...more

EU Trade Mark Regulation (EU) 2015/2424 in force

On 23 March 2016, European Union Trade Mark Regulation (EU) 2015/2424 came into force. The new Regulation amends Community Trade Mark Regulation 207/2009/EC, and makes a number of procedural and substantive changes to EU...more

Potential tax consequences of Brexit from a UK perspective

This alert considers the possible impact of Brexit on some key UK tax aspects. However, this is only one side of the perspective: we will shortly be publishing a second article considering the potential impact of Brexit on...more

Panel Offers Insights on Doing Business in Colombia

As Colombia moves toward a peace agreement with FARC rebels and works to accomplish reforms necessary for OECD accession, the nation stands poised at the threshold of significant growth and transformation. Such was the...more

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