A very cool story out of the Export Law Blog. BIS fined C A Litzler $45000 for the unlicensed export of machinery by Western Advanced Engineering Company (WAECO), whose assets it had bought. But, since WAECO still exists as a shell company, BIS also got a settlement out of them for a 3-year export denial order.
Due diligence is a marvelous thing, isn't it?
Link:
BIS Slaps Defunct Company with Suspended Export Denial Order
Posted with BlogsyFiled under: BIS Updates, Export Control, Settlements
