During the mid-1970's, the United States adopted two laws that seek to counteract the participation of U.S. citizens in other nation's economic boycotts or embargoes. These antiboycott laws are the 1977 amendments to the Export Administration Act (EAA) and the Ribicoff Amendment to the 1976 Tax Reform Act (TRA). In order to avoid enforcement actions and penalties, U.S. companies and financial institutions must become familiar with the U.S. antiboycott laws and regulations, an important and often overlooked subset of export controls and sanctions laws.
Douglas Jacobson, a DC-based trade attorney with Jacobson Burton Kelley PLLC, provides an in-depth review of U.S. antiboycott laws and regulations and practical compliance guidance. Throughout this course, Mr. Jacobson dissects a sample boycott request and discusses the important tax aspects of antiboycott laws, as well as related penalties for failing to comply with these laws and regulations. In addition, Mr. Jacobson outlines the steps involved in analyzing boycott language and furnishes detailed guidance about antiboycott report filing requirements at the U.S. Department of Commerce's Office of Antiboycott Compliance and the Internal Revenue Service. This presentation concludes by highlighting recent antiboycott enforcement cases.
Attorneys and compliance personnel will receive an excellent overview on what they need to know to understand and comply with U.S. Antiboycott laws and regulations.
Doug Jacobson has more than 25 years of experience representing U.S. and non-U.S. companies on a wide range of international trade-related issues. He serves as principal outside international trade counsel to a number of U.S. and non-U.S.-based multinational companies that import, export and produce a wide range of products, including oil and gas equipment, medical devices, electronic products, industrial, defense and aerospace products.
Prior to establishing Jacobson Burton Kelley PLLC, Doug practiced international trade law with several well-known law firms in Washington, DC.
With respect to export matters, Doug counsels clients on compliance with U.S. and multilateral regimes governing the export of dual-use items, software, technology, defense articles and humanitarian products. He assists companies in understanding and navigating the complex rules set forth in the U.S. Export Administration Regulations (EAR), the International Traffic in Arms Regulations (ITAR) and the various sanctions regulations administered by the Treasury Department’s Office of Foreign Assets Control (OFAC). Doug also represents companies in enforcement proceedings conducted by the Commerce Department’s Bureau of Industry and Security (BIS), BIS' Office of Antiboycott Compliance, the State Department’s Directorate of Defense Trade Controls (DDTC) and OFAC.
Doug served as the BIS and OFAC approved independent auditor in one of the largest criminal and civil export controls/sanctions enforcement cases brought by those agencies.
Doug also advises companies on the legal and regulatory aspects of importing goods into the U.S. He assists U.S. importers in performing internal customs audits and implementing and maintaining effective internal customs compliance programs. He represents clients before U.S. Customs and Border Protection (CBP) in focused assessment audits, NAFTA verifications, penalty investigations and enforcement actions as well as the U.S. Department of Commerce and International Trade Commission in trade remedy cases. Doug also advises companies regarding the U.S. regulations governing the classification, valuation and marking of imported products.
Doug also has extensive experience in advising and training companies on compliance with the U.S. Foreign Corrupt Practices Act. He also served as an expert witness on Incoterms in a high-profile patent litigation matter in U.S. Federal Court.
In addition, Doug has served as an expert witness on US sanctions laws and Incoterms® and sanctions matters in U.S. courts and international arbitrations.
Doug is the author of a number of articles on international trade compliance topics and is the editor and publisher of International Trade Law News, a Web-based compilation of news and information on export controls, sanctions and other international trade issues.
Doug is active in a number of international trade organizations and serves as general counsel to the National Council on International Trade Development and served as co-chair of the export committee of the American Association of Exporters and Importers.
Doug is active in a number of international trade organizations. He is currently general counsel to the National Council on International Trade Development (NCITD). He is a member of the American Association of Exporters and Importers' Board of Governors (AAEI) and served as co-chair of AAEU's export committee.
He is a frequent speaker on international trade matters. Doug serves on the faculty of Lawline, a leading provider of continuing education courses to attorneys, the Export Compliance Training Institute and the AWA Foreign Trade Academy in Germany.
Doug is a Senior Advisor of the Trusted Trade Alliance, a global network of leading trade practitioners.
He is ranked by Chambers and Partners as a leading export controls and sanctions attorney in the United States.
Doug received a B.A. in Government from the University of Texas at Austin (1983), a Doctor of Dental Medicine degree from Washington University in St. Louis (1987), and a Juris Doctorate from the American University's Washington College of Law (1990), where he was an editor of the American University Law Review.
He is a member of the District of Columbia and Maryland Bars and is admitted to practice before the U.S. Court of International Trade and the U.S. Court of Appeals for the Federal Circuit.
Very interesting presentation. Presenter was knowledgeable
Very interesting and informative.
descriptive but educational as the faculty made needed explanatory comments.