The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently provided guidance or taken action on a number of issues relevant to the forwarding industry. Secondary Sanctions on Iranian Financial Institutions On October 8, 2020, the U.S. Department of the Treasury designated eighteen Iranian banks under Executive Order (E.O.) 13902 (2020), […]
GKG Law’s Steve Fellman and Rich Bar were published by MedPage Today on October 24. Their article, “Professional Boards Take Heed,” can be seen in its entirety here and below. Op-Ed: Professional Boards, Take Heed Minimizing antitrust risks in light of recent rulings While 2020 has been fraught with uncertainty, at least one thing is quite […]
On Thursday, October 22 at 1 pm ET, GKG Law hosted the webinar "Tax Matters for Airplane Purchases: The 30,000 foot view." During this one-hour session, attendees learned about a variety of tax planning considerations for business aircraft purchases and ownership, including opportunities for tax savings, reduced or eliminated tax deductions, federal air transportation and fuel […]
GKG Law Of Counsel Steve Fellman and Principal Rich Bar authored an article published by the American Society of Association Executives (ASAE) on October 20. See complete article here and below. Is it a violation of antitrust law for a certification board to require approved continuing education for professionals who wish to maintain their certification? A federal […]
On October 16, 2020, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) implemented a new streamlined procedure for exporters to request six-month extensions of BIS licenses that expire on or before December 31, 2020. These requests for license extensions can be emailed to: LicenseExtensionRequest@bis.doc.gov. BIS estimates that processing will take only two to three […]
GKG Law Principal Ed Greenberg was featured in a profile article by American Shipper on October 19. The article, "NCBFAA’s 35-year general counsel retires," highlights Ed's career and work to improve standing and recognition of the NVOCC industry in Washington, DC. Ed Greenberg plans to retire as general counsel for the National Customs Brokers and Forwarders Association […]
Beginning in September 2020, thousands of companies have challenged the Section 301 China Tariffs under List 3 and 4A in the U.S. Court of International Trade. As part of this challenge, companies are seeking a refund of duties paid under List 3 and 4A, as well as revocation of those tariffs. The lawsuits allege that […]
GKG Law's Keith Swirsky conducted a National Business Aviation Association (NBAA) CPE webinar on Tuesday, October 13. During his session, The A to Z of Tax Depreciation for Aircraft Owners: How to Maximize Deductions and More, Keith discussed how best to maximize allowable depreciation deductions — a critical part of any tax planning strategy. Understanding the complex tax regulations […]
In a case spanning more than nine years and involving claims of more than $8 million, GKG Law’s Litigation Group recently prevailed on behalf of more than 20 clients in the U.S. Court of Appeals for the Second Circuit. The Court affirmed the U.S. District Court for the Southern District of New York’s grant of […]
Secondary Sanctions on Iranian Financial Institutions On October 8, 2020, the U.S. Department of the Treasury designated 18 Iranian banks under Executive Order (E.O.) 13902 (2020), which effectively extends secondary sanctions to Iran’s entire financial sector. As a result, foreign financial institutions and companies may be subject to secondary sanctions, Specially Designated National (SDN) designations, […]