Background

The Bureau of Industry and Security has issued an order imposing a $59,600 penalty against a Texas company to settle charges that it committed 17 violations of the anti-boycott provisions of the Export Administration Regulations. BIS alleged that this company (1) did not oppose a condition in letters of credit from customers in the United Arab Emirates requiring it to comply with the Israeli boycott list; (2) in connection with exports to Lebanon and the UAE, furnished information about business relationships with boycotted countries or blacklisted persons; and (3) in connection with exports to Bahrain, Lebanon, Libya, and the UAE, failed to report the receipt of requests to engage in a restrictive trade practice or foreign boycott against a country friendly to the U.S.

If the company does not pay the civil penalty on time BIS may deny all of its export privileges for one year.

Practice Areas

Close

Cookie Consent

We use cookies on our website. By continuing to use our website, you agree to the Privacy Policy and Terms of Use.