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Discover the Keys to Managing US Customs...

Discover the Keys to Effectively Managing US Customs Regulations and Minimizing Officer/Director Liability.

Thursday, February 4, 2016

3:00-4:00pm GMT

UK and US corporations and limited liability companies generally may serve to limit personal liability, provided third-parties are unable to pierce the corporate veil. A recent US court of appeals decision, however, has changed that principle. Aggressive enforcement of US customs regulations has led to officer/director liability for duties and penalties, without piercing the corporate veil and broadly extending to all parties that “introduce” merchandise into the US. As a result, it has become increasingly important to apply operating policies and practices that address these issues.

On Thursday, February 4, Rob Whittall, managing partner of Dyke Yaxley LLC, the US branch of Dyke Yaxley, moderated a discussion with international business law attorneys, Jon Yormick and Benjamin Farber from Phillips Lytle LLP, as they explained certain US law concepts and corresponding strategies to minimize risks including:

• Limited liability of US entities and the corporate veil doctrine
• How to minimize officer/director liability across the Atlantic
• Compliance with US customs regulations to avoiding officer/director liability

Benjamin Farber, Partner with Phillips Lytle LLP, focuses his practice in the areas of corporate governance, mergers and acquisitions, corporate finance and securities law compliance.

Rob Whittall, managing partner of Dyke Yaxley LLC, Chartered Accountant and CPA, specializes in both inbound and outbound international taxation issues for UK and US closely held businesses and individuals.

Jon Yormick, Special Counsel with Phillips Lytle LLP, advises US and foreign companies on international commercial agreements, strategic alliances, and Customs and international trade issues, including Free Trade Agreements, Foreign Trade Zones and antidumping/countervailing duties.

To see the webinar presentation on YouTube, click here.

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