FCC Industry Analysis

CIT Ruling on IEEPA Duties Impacts Importer Refunds

The U.S. Court of International Trade (CIT) issued an order in Atmus Filtration, Inc. v. United States directing CBP to liquidate entries without regard to IEEPA duties. This ruling impacts importers seeking refunds of tariffs previously imposed under IEEPA, following a Supreme Court decision.

US Government Mobilizes War Risk Insurance for Middle East Commerce

The U.S. International Development Finance Corporation (DFC) will offer political risk insurance and guaranty products to stabilize international commerce and support businesses operating in the Middle East. This initiative aims to mitigate disruptions caused by conflict with the Iranian regime and stabilize the war risk insurance market.

Importers Eye IEEPA Tariff Refunds After Supreme Court Ruling

Following a Supreme Court ruling that President Trump's IEEPA tariffs were unlawful, importers are seeking refunds. The administration plans to complicate the refund process, leaving the Court of International Trade to handle thousands of cases. The CIT has issued an initial order confirming importers' entitlement to refunds.

Trade Court Orders $166 Billion Refund of IEEPA Duties

The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to refund approximately $166 billion in duties paid by over 330,000 importers under unlawful tariffs imposed via IEEPA. This follows a Supreme Court ruling invalidating the tariffs.

Court Orders Refund of Invalidated IEEPA Tariffs

The Court of International Trade (CIT) has ordered U.S. Customs and Border Protection (CBP) to halt liquidation of invalidated IEEPA tariffs and begin unwinding assessed duties. This broad order in Atmus Filtration, Inc. v. United States aims to provide relief to all importers of record, including those who did not file their own refund actions.

EU Commission Proposes Industrial Accelerator Act

The European Commission has proposed the Industrial Accelerator Act (IAA) to bolster the EU's industrial base, aiming to increase manufacturing's GDP share to 20% by 2035. The act targets challenges like high energy costs and regulatory hurdles, seeking to enhance resilience and strategic autonomy.

SEC Exempts FPI Directors/Officers from Section 16 Reporting

The SEC issued an order exempting directors and officers of certain foreign private issuers (FPIs) from Section 16 reporting obligations. This exemption applies to FPIs from qualifying jurisdictions with substantially similar regulations and provides relief ahead of the March 18, 2026, reporting deadline.

High Court Re-Affirms 'One-Stop' Dispute Resolution in Arbitration Award Challenges

The English High Court has dismissed a challenge to an arbitral award, confirming an arbitrator's jurisdiction in a Section 67 challenge. The ruling reinforces the principle of 'one-stop' dispute resolution, particularly in settlement agreements, and clarifies the scope of an arbitrator's authority.

Latin America Crime Risk Trends 2025-2026

This notice analyzes political, economic, and financial crime risk trends in Latin America for 2025-2026. It highlights the impact of electoral cycles, US national security policies, and organized crime on financial institutions and corporate governance across the region.

Basel Committee Report on Synthetic Risk Transfer Markets

The Basel Committee on Banking Supervision has published a report analyzing the growth of synthetic risk transfer (SRT) markets, which provide capital relief for banks managing corporate credit risk. The report identifies trends and supervisory concerns, estimating protected assets at approximately EUR 750 billion.