International Trade Law News

The Commerce Department's Bureau of Industry and Security (BIS) announced that Price Brothers (UK) Limited of Surrey, United Kingdom, agreed to pay civil penalties totaling $101,500 to settle charges pertaining to unlicensed reexports of U.S.-origin commodities from the U.K. to Libya while the U.S. trade embargo on Libya was in place. Specifically, BIS charged that, on six occasions between January 2000 and April 2000, Price Brothers (UK) supplied machinery spare parts to an entity in the U.K., which subsequently reexported them to Libya without obtaining the required licenses from BIS. BIS also charged that, on 23 occasions between June 2000 and June 2002, Price Brothers (UK) reexported machinery spare parts from the United Kingdom to a company in Libya without obtaining licenses from BIS. BIS indicated that Price Brothers (UK) voluntarily self-disclosed the violations and cooperated fully in the investigation.