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For all companies in Italy<\/b> and San Marino<\/b> that export to the United States, the new trade scenario requires immediate attention.<\/p>\nFor all companies in Italy<\/b> and San Marino<\/b> that export to the United States, the new trade scenario requires immediate attention.<\/p>\n
There are two operational priorities<\/b>:<\/p>\n
A) Verify the impact of duties on current contracts<\/p>\n
B) Promptly update contract templates<\/p>\n
Let’s see in detail how to intervene on both fronts.<\/p>\n
Who bears the cost of duties? This depends on the delivery term (FCA, DDP, etc.).<\/p>\n
A price adjustment clause may come to your rescue.<\/p>\n
Force majeure and hardship are not usually applicable, but a specific analysis is needed.<\/p>\n
All the circumstances that can facilitate the renegotiation of unfavourable contractual conditions must be considered.<\/p>\n
Bacciardi Partners has set up a task force to support companies in dealing with the emergency<\/b> and in defining medium-long term strategies, such as the reorganisation of logistics flows, the possible use of preferential regimes in force with neighbouring countries, the establishment or acquisition of a company in the USA to start local production.<\/p>\n
Contact us<\/b><\/a> for a personalised evaluation of your contractual scenario and the available solutions.<\/p>\n Lorenzo Bacciardi, LL.M.<\/b> <\/a>– Managing Partner<\/p>\n Tommaso Fonti, LL.M.<\/b><\/a> – Head of Tax, Customs Law and Global Mobility<\/p>\n Tommaso Mancini<\/b><\/a> – Head of International Commercial Law<\/p>\n