Customs

The Coalition of Domestic Folder Manufacturers Obtains Affirmative ITC Determination on Imports from China, India, and Vietnam

Retrieved on: 
Tuesday, October 31, 2023

WASHINGTON, Oct. 31, 2023 /PRNewswire/ -- The U.S. International Trade Commission voted unanimously that imports into the United States of paper file folders from China, India, and Vietnam are injuring domestic file folder manufacturers.

Key Points: 
  • WASHINGTON, Oct. 31, 2023 /PRNewswire/ -- The U.S. International Trade Commission voted unanimously that imports into the United States of paper file folders from China, India, and Vietnam are injuring domestic file folder manufacturers.
  • The paper file folders at issue include manila, hanging fastener, classification, and expanding folders, as well as filing pockets, filing jackets, and filing wallets.
  • The Coalition of Domestic Folder Manufacturers (the "Coalition") is pleased with the final determinations by the Commission and Commerce Department.
  • The importation of subject paper file folders without the payment of countervailing and antidumping duties may result in severe civil or criminal penalties, including imprisonment.

SIP Purchase, PDMR and Total Voting Rights

Retrieved on: 
Thursday, October 26, 2023

OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture, geotracking and offshore markets, received notification on 17 October 2023 from Cytec Solutions Corporate Trustees Limited (the "SIP Trustee") in relation to the issue and allotment of 28,186 ordinary shares of 1 penny each in the Company ("Ordinary Shares") for the benefit of participants of the OTAQ Share Incentive Plan (the "SIP"), including Persons Discharging Managerial Responsibilities in the Company ("PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").

Key Points: 
  • OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture, geotracking and offshore markets, received notification on 17 October 2023 from Cytec Solutions Corporate Trustees Limited (the "SIP Trustee") in relation to the issue and allotment of 28,186 ordinary shares of 1 penny each in the Company ("Ordinary Shares") for the benefit of participants of the OTAQ Share Incentive Plan (the "SIP"), including Persons Discharging Managerial Responsibilities in the Company ("PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which each participating employee will acquire Ordinary Shares at the prevailing market price per share using contributions deducted from pre-tax salary in each calendar month ("Partnership Shares"), with each participating employee being awarded one Ordinary Share for each Partnership Share ("Matching Shares"), using newly issued shares.
  • Details of the number of Partnership Shares purchased by each of the PDMRs at a price of 5.50 pence per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustee to the PDMR for no consideration, is set out against their names in the table below.

Director/PDMR Shareholding

Retrieved on: 
Thursday, October 26, 2023

Britvic plc (the “Company") was notified on 19 October 2023 that the following transactions have taken place in relation to the Britvic Share Incentive Plan (“SIP”).

Key Points: 
  • Britvic plc (the “Company") was notified on 19 October 2023 that the following transactions have taken place in relation to the Britvic Share Incentive Plan (“SIP”).
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in the Company of 20 pence each (“Shares”), using deductions from salary in each monthly pay period, and receive allocations of matching free Shares (“Matching Shares”).
  • The following Directors purchased the number of Shares set out against their names below, at a price of 830.50 pence per Share, and were allocated for no consideration the number of Matching Shares (purchased by the SIP trustees at a price of 830.50 pence per Matching Share) set out against their names below:

MYEG’s Enterprise Layer 1 Blockchain Zetrix Initiates Coinstore IEO and listing on multiple platforms

Retrieved on: 
Wednesday, October 18, 2023

Subsequently, on 28 October 2023, Zetrix tokens will be listed on Coinstore, MEXC and BitForex.

Key Points: 
  • Subsequently, on 28 October 2023, Zetrix tokens will be listed on Coinstore, MEXC and BitForex.
  • Services Berhad (“MYEG”), Zetrix is a layer-1 public blockchain infrastructure that leverages blockchain and Artificial Intelligence (AI) to empower governments and entreprises in digitalising global trade.
  • Zetrix’s decentralised application, ZTrade, provides a notably faster and more seamless cross-border trading experience for exporters to China.
  • Other key highlights lie with Zetrix’s multi-asset native wallet, which lets users transact within the Zetrix blockchain securely while being integrated with W3C compliant verifiable credentials (VC).

Alba Wheels Up and mesur.io Announce Partnership Bringing Forced Labor Compliance Solution to Middle-market Companies

Retrieved on: 
Wednesday, October 25, 2023

UFLPA was signed into law in December 2021, and CBP began enforcement in June 2022.

Key Points: 
  • UFLPA was signed into law in December 2021, and CBP began enforcement in June 2022.
  • The legislation contains a rebuttal provision wherein any shipment containing something originating from the region is presumed violative.
  • "The scoring Alba and mesur.io are providing to importers is designed to work toward due diligence and be part of an overall compliance program.
  • "This is a powerful tool available today for importers wishing to support their compliance programs to minimize risks in the supply chain," adds Iacopella.

HeliFlite Granted FAA Approval for International Expansion in the Bahamas and Caribbean

Retrieved on: 
Monday, October 23, 2023

MIAMI, Oct. 23, 2023 /PRNewswire/ -- As of October 2023, HeliFlite, the leading private, luxury helicopter charter provider, has expanded its operations to include international routes to the Bahamas and Caribbean. HeliFlite's new services to these destinations are a coup for the rapidly growing South Florida client base.

Key Points: 
  • The private helicopter service expands operations, announcing flight routes to the Bahamas and Caribbean.
  • MIAMI, Oct. 23, 2023 /PRNewswire/ -- As of October 2023, HeliFlite, the leading private, luxury helicopter charter provider, has expanded its operations to include international routes to the Bahamas and Caribbean.
  • HeliFlite's new services to these destinations are a coup for the rapidly growing South Florida client base.
  • An international journey from Miami to Bimini has been transformed into a leisurely and relaxing 24-minute flight, all thanks to HeliFlite's exceptional 24/7 Flight Operations Team.

In September 2023, Biden Administration Sets Two Dubious Records: Highest Monthly and Highest Annual Border Encounters in History, Says FAIR

Retrieved on: 
Saturday, October 21, 2023

WASHINGTON, Oct. 21, 2023 /PRNewswire/ -- "The release of Customs and Border Protection (CBP) nationwide encounters for September, FY 2023, shattered a record set just last year for the number of aliens encountered illegally entering our country. At the same time, September set the single-month record for border encounters breaking the previous record set in August. Yet, despite these staggering numbers, the Biden administration continues to insist that our borders are secure and the American public has no reason to be concerned.

Key Points: 
  • At the same time, September set the single-month record for border encounters breaking the previous record set in August.
  • Yet, despite these staggering numbers, the Biden administration continues to insist that our borders are secure and the American public has no reason to be concerned.
  • "In total, there were 341,392 illegal aliens encountered in September, the highest monthly tally on record.
  • These totals do not include 'gotaways,' which have averaged more than 50,000 per month during the first 32 months of the Biden administration.

Webb Fontaine Expands Central American Footprint with Costa Rican Customs Project

Retrieved on: 
Thursday, October 19, 2023

This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.

Key Points: 
  • This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.
  • Webb Fontaine will lead the charge in transforming trade operations, ensuring precise Customs duty payments, and simplifying e-commerce imports, marking the biggest company's project in Central America, a vital trade hub.
  • The contract has been signed with the PBS CR-Webb Fontaine Consortium, a partnership between PBS CR and Webb Fontaine.
  • This isn't just a contract; it's a commitment to empowering Costa Rica's economic growth by streamlining and digitalizing Customs operations.

Webb Fontaine Expands Central American Footprint with Costa Rican Customs Project

Retrieved on: 
Thursday, October 19, 2023

This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.

Key Points: 
  • This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.
  • Webb Fontaine will lead the charge in transforming trade operations, ensuring precise Customs duty payments, and simplifying e-commerce imports, marking the biggest company's project in Central America, a vital trade hub.
  • The contract has been signed with the PBS CR-Webb Fontaine Consortium, a partnership between PBS CR and Webb Fontaine.
  • This isn't just a contract; it's a commitment to empowering Costa Rica's economic growth by streamlining and digitalizing Customs operations.

Superdry plc: DSH-Director/PDMR Shareholding*

Retrieved on: 
Tuesday, October 17, 2023

On 13 October 2023, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).

Key Points: 
  • On 13 October 2023, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy shares in the Company of 5 pence each (Ordinary Shares), using deductions from salary in each calendar month (Partnership Shares), and receive allocations of matching free Ordinary Shares (Matching Shares).
  • Details of the number of Partnership Shares purchased by the PDMRs at a price of £0.476 per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustees to the PDMRs for no consideration, are set out against their names in the table below.