Challenge
A utilities company manufactures hi-tech equipment to measure energy use. To manufacture their products, they rely on imports from a range of international suppliers. As a result, a state-of-the-art trade compliance program is critical for them to maintain an effective supply chain. Lacking the requisite experience, their legal team needs a compliance pro to help them keep up.
Approach
Axiom submits a former AmLaw 100 partner with decades of experience interacting with government agencies to analyze and advise on import and export trade controls. The attorney manages international supplier and customer relationships, and drafts letters of certification to abide by international trade agreements and sanctions policies. He also monitors and escalates ongoing matters to the head of compliance to maintain continued compliance with OFAC (Office of Foreign Assets Control) regulations on dual-use items and EAR (Export Administration Regulations).
Impact
- Client receives partner level guidance to ensure the integrity of their supply chain partners.
- In addition to advising on trade control law, Axiom attorney advises on how to respond and adapt to new US Treasury department regulations.
- Client conserves $98,400 year over year on trade compliance inquiries they had been outsourcing to outside counsel.
