All too often we hear of companies that do not consider U.S. export controls and trade sanctions in their due diligence checklists when going through an acquisition or merger. When taking over a non-compliant business, the buyer may be responsible for any violations that took place before the acquisition, even if the non-compliant actions were NOT unidentified at the time of the acquisition. In this blog we’ll address export regulations, successor liability, a case study, and practitioner tips on what you should be doing PRIOR to acquiring or merging!
By Jennifer Diaz|2022-05-10T12:40:39-04:00April 11, 2022|Best Practices, EAR, EEI, Export, International Trade, ITAR, U.S. Bureau of Industry and Security (BIS), U.S. Department of Commerce (DOC), U.S. Directorate of Defense Trade Controls (DDTC), U.S. Office of Foreign Assets Control (OFAC)|0 Comments