Chicago Partner Kathleen M. Murphy was among several leading Import & Customs Compliance and Export Control professionals at a conference titled "International Trade Compliance: Integrating the Import and Export Functions Within an Organization to Successfully Conduct Global Trade Activities."

 

Kathleen presented "Establishing a Customs Valuation Process for the Organization On a Global Basis." The presentation addressed how to develop an effective value reconciliation program and comprehending how to calculate valuation when involving royalties. Kathleen also discussed identifying documentation and record keeping requirements, assessing key factors when determining valuation for related party transactions and understanding how different countries interpret World Trade Organization rulings on valuation.