On January 24, 2024, the AJM Packaging Corporation (“AJM”), Aspen Products, Inc. (“Aspen”), Dart Container Corporation (“Dart”), Hoffmaster Group, Inc. (“Hoffmaster”), Huhtamaki Americas, Inc. (“Huhtamaki”), and Unique Industries, Inc. (“Unique”), collectively known as the American Paper Plate Coalition (the “APPC” or “Petitioner”), filed a petition for the imposition of antidumping duties on imports of certain
The Federal Maritime Commission (FMC) has granted special permission to ocean carriers to immediately increase the rates on containers that are being rerouted around the Cape of Good Hope in Africa or are retaining feeder vessels for pickup of cargo at high-risk ports in the Red Sea due to increased hostilities. Since mid-November 2023, Houthi rebels based in Yemen have attacked Red Sea shipping bound for Israel or linked to Israeli ports. Reported security incidents have ranged from outright attacks, approaches, and business interruptions to mere sightings.
Force majeure contract provisions are potentially coming into play as Maersk, Hapag-Lloyd, and other ocean carriers divert ships around geopolitical trouble spots in the Red Sea.
In Husch Blackwell’s December 2023 Trade Law Update you’ll learn
about the following updates in international trade and supply chain law:
Should you have
Executive Order Imposes New Russia Sanctions for Foreign Financial Institutions and Prohibits Additional Russian Imports
On December 22, 2023, President Biden issued Executive Order 14114, which amended previous Executive Orders in order to authorize the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) to impose additional Russia-related sanctions on foreign financial institutions and