During discussions with U.S. Customs and Border Protection, officials noted that recent liquidated damages cases assessed for late or non-payment of duty may have been issued in error. According to CBP, a technical error arose in the agency’s internal computer system during the recent migration to the Automated Commercial Environment. This error caused CBP’s internal software to reflect inaccurate release dates that in some cases generated erroneous dates of entry and affected the duty payment deadline. Liquidated damages cases were...

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This year promises to be great at the Vision Impact Institute (VII), and I am humbled and honored to now be leading such an amazing organization. The past two years have brought tremendous growth to the VII and to the conversation around refractive error. Global discussion has significantly increased around  vision health, specifically as it relates to academic performance, drivers’ safety and regulations, workplace productivity and even the independence of our world’s elderly.  Together we are making a difference! Last...

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UPDATE: On February 9, 2017, a Ninth Circuit panel upheld the restraining order against President Trump’s travel ban.  On February 3, 2017, federal Judge James Robart issued a temporary restraining order (TRO) halting President Trump’s January 27, 2017, executive order (the “Order”) entitled, Protecting the Nation from Terrorist Entry into the United States by Foreign Nationals. The Order suspended entry into the United States for immigrants and non-immigrants from Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen (“affected countries”) for at...

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Today, the Commission des Surveillance du Secteur Financier (CSSF) published a press release to confirm that it expects all Luxembourg UCITS to comply with ESMA’s opinion on UCITS share classes (the Opinion). Share classes that are not compliant with the Opinion, but established prior to 30 January 2017 should be closed for subscription by new investors by 30 July 2017 at the latest, and for additional investment by existing investors by 30 July 2018 at the latest. New share classes of...

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Standort: Deutschlandweit AIG ist ein weltweit führendes Versicherungsunternehmen in den Bereichen Sach- und Haftpflichtversicherung sowie allgemeine Schadenversicherung mit weltweit über 40 Millionen Versicherungsnehmern in mehr als 160 Län­dern und Jurisdiktionen. AIG verfügt über eine mehr als 90-jährige Erfahrung, eine der größten Produkt- und Ser­vice­paletten in der Versicherungsbranche, umfassende Fachkompetenz im Schadenbereich und eine aus­ge­zeich­nete finanzielle Ausstattung. Damit ermöglicht AIG sowohl seinen Geschäfts- als auch seinen Privat­kun­den eine erfolgversprechende Bewältigung ihrer Risiken. In der Position des Cyber-Risk-Engineers (m/w) analysieren Sie als Sachverständiger...

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ING Group announced today it will redeem USD 1,100 million 7.20% ING Perpetual Debt Securities on the call date of 15 March 2017, in line with ING's goal to continuously optimize its capital structure. The securities (CUSIP: 456837301) will be redeemed in full in accordance with their terms on the redemption date which is 15 March 2017 The redemption price payable for the securities on the redemption date will equal 100% of the aggregate principal amount of the securities, plus...

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As employers catch their breaths after an action-packed 2016, they need to gear up for another turbulent year for international data privacy issues in 2017. The top five international data privacy issues follow. 1.      Preparation for the GDPR Although the EU General Data Protection Regulation (GDPR) will not take effect until May 2018, it is critical that employers begin preparations for compliance in 2017 to timely implement the new obligations imposed by the GDPR. Among other requirements, the GDPR will require...

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One of the cases we are following closely in 2017 is Apple Inc. v. Samsung Electronics Co., Ltd., Nos. 2014-1335, 2015-1029 (Fed. Cir.), which involves the test for determining damages available for infringement of a design patent On February 7, 2017, on remand from the U.S. Supreme Court, the Federal Circuit declined to address the key remaining legal issue in the Apple v. Samsung case – how a court should go about identifying the relevant “article of manufacture” for which...

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KNOW THE DIFFERENCES BETWEEN FAIR MARKET VALUE AND FAIR VALUE The terms “fair value” and “fair market value” are sometimes used interchangeably. To a business valuation professional, however, they have very different meanings. Adding to the confusion, “fair value” may be statutorily defined for shareholder litigation and divorce purposes — and that definition may vary depending on the case’s venue. Moreover, fair value means something entirely different when it’s used for financial reporting purposes. (See “Fair value under GAAP.”) Ultimately, an...

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