Thaw is possible for frozen Iraqi assets

Article Abstract:

Persuading the Treasury's Office of Foreign Assets Control (OFAC) to unlock frozen Iraqi assets is not as difficult as one might think. If a judgment is obtained against Iraq, this can be followed by an order directing OFAC to unfreeze assets. The Foreign Sovereign Immunities Act imposes numerous requirements on litigants wishing to sue foreign governments. OFAC also takes the position that parties wishing to sue Iraq obtain an OFAC license to do so. Congressional action may ultimately overcome OFAC's reluctance to unfreeze assets.

Finance, Iraq, United States. Department of the Treasury. Office of Foreign Assets Control

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Efforts to unfreeze Iraqi funds continue

Article Abstract:

The Persian Gulf War has been over for more than two years, and a compensation plan for US businesses with claims against Iraq has yet to be enacted. The courts have criticized the Iraqi Sanctions Regulations, administered by the Treasury Department's Office of Foreign Assets Control, for being more concerned with punishing that country than with helping US businesses with legitimate claims. The courts are starting to make progress in helping those businesses and legislation with that goal has also been introduced.

Analysis, Economic aspects, Cases, Persian Gulf War, 1991, Claims (International law)

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International Trade Commission Sec. 337 proceedings are a powerful way to block infringing imports at the border but can backfire, as Intel has learned

Article Abstract:

International Trade Commission (ITC) Section 337 proceedings, although usually highly effective in blocking infringing imports, can backfire. When successful, Section 337 actions lead to a an order to the US Customs Service to block the importation of the infringing product. Companies who use the action to gain advantage over competitors may find their strategy backfiring, however. This is what happened to Intel Corp. Intel's Section 337 action against Taiwan's Twinhead International Corp is discussed.

Intel Corp., INTC, International aspects, Nontariff trade barriers, United States. International Trade Commission

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