The United Kingdom’s new foreign investment screening law may draw more industry filings than first expected, Baker McKenzie lawyer Sunny Mann said. Although the U.K.’s new National Security and Investment Act doesn’t officially take effect until Jan. 4, Mann said many companies are already showing signs they plan to be careful and notify the U.K. before closing investment deals, rather than waiting for the government to intervene.
India's Directorate-General of Foreign Trade in a Nov. 15 public notice released its standard operating procedure for the random checking of imported metal scrap consignments with respect to radioactive contamination. Under the 14 steps, containers without a certificate issued by a Pre-Shipment Inspection Agency may not be unloaded and should be sent back to the country of origin.
India extended the transition period for the electronic mandatory filing of Non-Preferential Certificates of Origin through the Common Digital Platform to Jan. 31, 2022, India's Directorate-General of Foreign Trade said. Parties may continue submitting their applications in manual or paper mode will until that date, the DGFT said.
The ports of Los Angeles and Long Beach postponed until next week consideration of a new surcharge meant to incentivize the movement of dwelling containers, the two California ports announced Nov. 15. The ports originally said they would begin imposing the fee Nov. 15 (see 2111030027) but pushed the start date to Nov. 22 because of the “significant improvement in clearing import containers from our docks in recent weeks,” Port of Los Angeles Executive Director Gene Seroka said.
A new dwelling fee on containers at the Los Angeles and Long Beach ports should not be passed on to importers, said Noel Hacegaba, chief operating officer of the Port of Long Beach. Hacegaba was speaking to the U.S. Fashion Industry Association virtual conference, during a Nov. 10 panel on the supply chain.
The European Union removed former Libyan Prime Minister Baghdadi al-Mahmoudi from its Libya sanction regime, the European Council said. Originally sanctioned in 2011 for the alleged suppression of demonstrators and role in Moammar Gadhafi's government, al-Mahmoudi was delisted "in view of the situation in Libya."
Two new agencies, the Council for Leather Exports and Udaipur Chamber of Commerce & Industry, are now able to issue Non-Preferential Certificates of Origin, India's Directorate-General of Foreign Trade said. CLE is located in the Tamil Nadu state and the UCCI is in Rajasthan. The DGFT's notice also updated the name and contact information for one of the existing authorized agencies: Marathwada Industries Association, which changed its name to the Chamber of Marathwada Industries and Agriculture.
Dali Bagrou, of Alpharetta, Georgia, and owner of World Mining and Oil Supply, was sentenced to 51 months in prison accompanied by three years of supervised release for his role in a scheme to evade U.S. national security laws, the U.S. Attorney's Office for the Southern District of Georgia said. World Mining was sentenced to five years' probation.
The Treasury Department is considering extending the deadline by which three U.S. allies must meet certain criteria to remain eligible for a foreign investment review exemption, the agency said last week. Treasury’s proposed rule would extend the deadline for one year to give Australia, Canada and the United Kingdom more time to cement their positions as excepted foreign states and excepted real estate foreign states, which excludes them from certain screening requirements by the Committee on Foreign Investment in the U.S. Comments on the proposal are due Dec. 15.
India updated the item description for peptones to include collagen peptides of marine, bovine or poultry origin, the Directorate-General of Foreign Trade said. The Nov. 8 notification applies to HS Code 35040010 at Serial No. 173. The full item description now reads "Peptones including Collagen Peptides of marine or bovine or Poultry origin (also referred to as Collagen, Collagen Hydrolysate, Hydrolysed Collagen or Hydrolysed Gelatin) and Fish Protein."