Trade and Manufacturing Monitor
New Russia Financial Sanctions become effective November 28
OFAC announced today that the new financial sanctions on Russia will become effective on November 28, 2017. OFAC’s amended Directive 1 and Directive 2 prohibit the extension of new debt issued on or after November…
Keeping Up With The Jones Act
On September 28 th, the Trump administration announced the decision to temporarily waive the Jones Act for Puerto Rico, effective for 10 days. “It will go into effect immediately,” according to White House press…
Sale of Cartier Jewels Triggers OFAC Violations - Luxury Brands Should Be Aware of U.S. Sanctions Risks
A settlement agreement between Richemont North America, the parent company of Cartier, and the Office of Foreign Assets Control (OFAC) for violations of U.S. sanctions regulations is an important wake up call for U.S.…
New U.S. Sanctions on North Korea - What You Need To Know
Last week the U.S. government announced new sanctions on North Korea designed to target non-U.S. persons, aircraft, vessels, and financial institutions that facilitate trade and transactions with the country. The…
EU-Canada Free Trade Agreement (CETA)
The Comprehensive Economic and Trade Agreement (“CETA”), the much anticipated free trade agreement between the European Union and Canada went into effect on September 21st. CETA is a terrific opportunity for global…