Tag Archives: Export Controls

Peeking Behind the Curtain: Macroeconomic Insight into Manufacturing

Last week, Dr. Chad Moutray, Chief Economist for the National Association of Manufacturers (“NAM”), visited Foley & Lardner’s Chicago office and shared a macroeconomic update on the manufacturing industry. His comments and charts (he’s an economist, of course he had charts) provided great insight. While Dr. Moutray’s comments were focused on manufacturing as a whole, … Continue reading this entry

U.S. Exports Record Number of Vehicles in 2013

Almost two million! Never before in one year has the United States exported so many vehicles around the world. But, in 2014, they will do so according to the Detroit News. More impressively, the big three of Ford Motor Co., General Motors Co., and Chrysler Group LLC account for more than half of those vehicles. The … Continue reading this entry

Tough New Iran Sanctions Could Impact Automotive Suppliers

Multinational companies in the automotive supply sector could face heightened enforcement risks under new sanctions on Iran. Effective March 8, 2013, U.S. parent companies will become liable for Iran-related sanctions violations committed by their foreign subsidiaries–including subsidiaries incorporated as separate legal entities outside U.S. jurisdiction. The move represents a sudden change in Treasury Department’s previous … Continue reading this entry

FCPA, Export Control, and Economic Sanctions: Enforcement Trends and Compliance

On January 24, 2013, Foley attorneys Greg Husisian and Christopher Swift briefed the Original Equipment Suppliers Association (“OESA”) Legal Council on recent FCPA, Export Control, and Economic Sanctions enforcement trends. Focusing on anticorruption, munitions, dual-use technologies, and a broad spectrum of new sanctions, the presentation identified enhanced risks for multinational companies that manufacture and export … Continue reading this entry