In 2011 the Federal Maritime Commission (FMC) exempted licensed non-vessel-operating common carriers (NVOCCs) from their rate tariff publishing obligations under the United States Shipping Act. NVOCCs that opt to invoke this exemption do not have to adhere to the law’s…
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Foreign goods arriving at a U.S. port must normally first have U.S. Customs duties and other formalities satisfied before the goods can enter the commerce of the United States. An exception exists for foreign goods destined for a foreign country…
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On March 15, 2012, the United States Court of Appeals for the Second Circuit cast significant doubt upon the validity of the November 29, 2011 ruling of a federal judge in Manhattan that rejected a proposed consent judgment negotiated by…
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Many companies frequently hedge their risks to offset the uncertainties of fluctuating prices. Changes in the future price of energy, crops, and currencies are all business risks that can be subject to contractual hedges that smooth future swings in prices…
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The America Invents Act, a new law passed by Congress last week and expected to be signed into law by President Obama, is the first significant reform of the Patent application process in sixty years. The Act makes a number…
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