The following information is a brief summary only of the new GDPR regulation coming into force in Europe. An in-depth review should be undertaken or legal advice sought by US companies that will need to comply with this new ruling. This report was developed by VEDP’s in-country consultant in western Europe, IBDG. To download this report… Read more

By Nicholas Perrine, CPA, PBMares, LLP Companies working on innovative and experimental research & development projects can qualify for the Federal and Virginia Research and Development (R&D) Credit and receive tax breaks, no matter how large or small the company. This comes after the R&D tax credit was made permanent by the Protecting Americans from Tax Hikes Act… Read more

By:  Thomas McVey, Williams Mullen A recently announced ITAR enforcement case involving a supplier of military spare parts sends a valuable message to small and mid-sized government contractors of every type. The case involves Bright Lights USA, Inc. (the “Company”), a small New Jersey defense manufacturer.  According to the Directorate of Defense Trade Controls (“DDTC”) Charging… Read more

By: Thomas B. McVey, Williams Mullen A frequently asked compliance question among government contracts firms is whether they are required to register under the International Traffic In Arms Regulations (“ITAR”).  ITAR are the State Department controls that regulate defense products, technical data and services.  Under ITAR 22 CFR §122.1, parties that manufacture, export or temporarily… Read more

In October 2016, the Department of Defense (DoD) issued rule 252.204-7012 (DFARS 7012) that changed the Defense Federal Acquisition Regulation Supplement (DFARS) regarding Safeguarding Covered Defense Information (CDI) and cyber incident reporting. In essence, this provision requires DoD contractors to provide adequate security to safeguard CDI on unclassified information systems that support work under a… Read more

Q&A with Lisa Komski Senior Manager, LAL and Export Divisions Wako Chemicals USA, Inc. Wako Chemicals USA, Inc. is an international corporation supplying a variety of innovative clinical diagnostic reagents, bioproducts and specialty chemicals worldwide.  Wako is a wholly owned subsidiary of Wako Pure Chemical Industries, Ltd. of Japan, which is world renowned for its… Read more

Q&A with Michael Cooper, Marketing Director TMEIC Corporation Roanoke, Virginia TMEIC drives industry around the world through a comprehensive offering of unique systems solutions including variable frequency drives, motors, photovoltaic inverters and advanced automation systems for a wide range of industrial applications. Established in 2003, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) resulted from the integration of Toshiba… Read more

Q&A with Amit Kapoor President, First Line Technology, LLC Chantilly, Virginia First Line Technology, LLC designs and manufactures disaster preparedness and emergency response equipment, including the AmbuBus® (medical ambulance bus), PhaseCore® Personal Cooling Vests, and a line of decontamination equipment, which includes FiberTect® dry decon wipes and Dahlgren Decon. Established in 2003, First Line Technology… Read more

This case study was published in the International Economic Development Council’s (IEDC) “Economic Development Credit Analysis and Finance” manual. The economic importance of exports for states and localities has risen significantly in recent years. According to Virginia’s 2015 International Trade Profile, exports drove 27% of American economic growth in 2014 and reached an unprecedented $2.35 trillion that year…. Read more

When exporting a product or service, whether defense-related or dual-use, regulated by ITAR or EAR, it is important to remember that as the exporter, the U.S. government requires you to take steps to ensure that your company is in compliance before selling overseas. Frequently, we see small companies that export products “outsource” their export compliance… Read more