US ANTI-BOYCOTT VIOLATIONS CAN YIELD SUBSTANTIAL PENALTIES

On 10^th October, an article from Sandler Travis Rosenberg says that US companies and their foreign affiliates are prohibited from participating in foreign boycotts that the US does not sanction. Such actions can result in substantial criminal and civil penalties. The Arab League boycott of Israel is the principal foreign economic boycott that US companies must be concerned with today.  The US Treasury has published its quarterly list of countries that require or may require participation in, or cooperation with, an international boycott, and the list currently comprises Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, UAE, and Yemen.

https://www.strtrade.com/news-publications-anti-boycott-penalties-countries-list-101019.html

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017