ZTE’s TGL Extended Until March 29

globeIn March 2016, ZTE Corporation and ZTE Kangxun (collectively ZTE) were placed on the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) Entity List after corporate documents revealed alleged failure to comply with U.S. sanctions against Iran. While placement on the Entity List would ordinarily result in a ban on conducting business with the U.S., President Obama issued a Temporary General License (TGL) on March 24, 2016, which authorizes the export, reexport and transfer (in country) of items to ZTE. View Full Post
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Chinese Tire Companies Win U.S. Trade Case

By | China Law Blog | February 24, 2017
International Trade LawThe U.S. International Trade Commission (ITC) yesterday determined by a 3-2 vote that the domestic U.S. tire industry was not injured or threatened with injury by imports of truck and bus tires from China. Although the U.S Department of Commerce last month in its concurrent investigations had determined that Chinese truck and bus tires were dumped and subsidized, the ITC’s negative determination means no more antidumping or countervailing duties (AD/CVD) will be collected on imported Chinese truck and bus tires. View Full Post
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Year-End Survey of Investment Transactions in Israel

By | GT Israel Law Blog | February 24, 2017
With the 2016 fiscal year behind us, a number of reports that have been released in the past months provide a survey of the 2016 exits involving Israeli companies. The largest deal in 2016 that involved an Israeli company was the purchase of the Israeli tech company Playtika by the Giant Interactive Group from China for $4.4 billion. View Full Post
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NAD Shoots Down Bowflex’s Claims of Dramatic Weight Loss As Unsupported; Disclaimer Not Enough

By | Antitrust Law Source | February 24, 2017
NAD Shoots Down Bowflex’s Claims of Dramatic Weight Loss As Unsupported; Disclaimer Not Enough By Brodie Butland Nautilus’s Bowflex TreadClimber just became the latest example of enforcement action against a health and fitness product by the National Advertising Division (NAD), a voluntary advertising self-regulatory body administered by the Better Business Bureau. More specifically, the NAD determined that Nautilus could not support its claim that one could lose substantial weight solely by using its product. View Full Post
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The Week in Weed: February 24, 2017

By | The Blunt Truth | February 23, 2017
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Oklahoma Bill Proposes Rules for Medical Marijuana (Insurance Jounal: News, 22 February 2017) Oklahomans won’t vote until next year on whether to legalize medical marijuana, but a state lawmaker has already introduced legislation that would set the framework if sales of the drug are approved. View Full Post
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Potential Relief for Employee Option Exercises

By | New York Venture Hub | February 23, 2017
Potential Relief for Employee Option Exercises Employees must generally recognize income for tax purposes upon the receipt of employer stock to the extent that the fair market value of the IRSstock received is greater than the amount, if any, paid by the employee for the stock. If the employee is taxed on receipt of the stock, that could be a real problem, as he or she may not have the cash on hand to pay the income tax due and the stock is typically not readily tradeable on an established market.  View Full Post
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NAFTA: Mexican Trucking Program

By | Latin America Legal | February 23, 2017
NAFTA: Mexican Trucking Program Trucks on a HighwayPresident Trump’s plans to renegotiate the North American Free Trade Agreement (NAFTA) may also impact a controversial program that allows Mexican carriers to make long-haul deliveries in the U.S.  As part of the NAFTA agreement, the U.S. and Mexico agreed to allow trucks from each country to carry goods across the border for deliveries anywhere inside each of their respective countries, but the program faced challenges from the get-go.  View Full Post
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