CHANDLER, Ariz. -- The National Customs Brokers & Forwarders Association of America could help organize a class-action lawsuit against ocean carriers if enough of its members and other non-vessel operating common carriers (NVOCC) say they're unfairly being refused service contracts, industry officials said at the NCBFAA’s annual meeting.
ASML, the major Dutch semiconductor tooling firm, is being accused of misleading investors about how its projected China sales and revenues were impacted by recently imposed export controls.
The Federal Maritime Commission released a two-page policy statement Jan. 2 clarifying it's authorized to hear class-action complaints involving statutes it administers.
The banking industry’s increasing overcompliance with U.S. sanctions is leading to an uptick in unnecessary financing delays and transaction cancellations, nongovernmental organizations told the Treasury Department. They said the issues are causing hurdles for humanitarian groups trying to deliver aid abroad and raising discrimination concerns among foreigners living in the U.S.