US Export Controls for National and EU Companies

US (re-)export control law claims a so-called extraterritorial application. This means that exports that take place outside the USA can also be subject to US export control regulations. This may be the case, for example when goods of US origin or goods with US components are exported, a US person is involved in the export or when certain customers and countries are supplied, against which the US has imposed a trade embargo. US export controls, therefore, affect EU and third-country companies.
The US administration can impose severe sanctions for violations of US (re-)export control laws. In particular, US authorities can place a company on a sanctions list. Other companies may then no longer be allowed to do business with the listed company. In practice, this can cut the company off from trade with the US market.
Therefore, EU and third-country companies need to understand US export control requirements and integrate them into their export compliance processes.

Content:
Understand the conditions under which an EU or third-country company and its export business are subject to US (re-)export control requirements.

• Concept of extraterritoriality of US export controls
• Definition of US goods and the so-called de minimis rule
• Definition of US person
• Concept of US embargoes
• Scope of the so-called Secondary Sanctions

After participating in this seminar, you will be able to:
• explain the extraterritorial application of US export controls
• assess whether goods qualify as US goods under the de minimis rule
• identify when a US person is involved in an export transaction
• evaluate the relevance of US embargoes to customers and countries
• determine the potential scope of Secondary Sanctions

No prior knowledge required.