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Thomas T. Janover – lead partner of our Claims Trading and Investment Advice practice – was recently quoted in a Vogue article exploring the impacts of International Emergency Economic Powers Act (IEEPA) tariffs on the fashion industry. The legal path to these refunds for fashion companies is far from straightforward, and investors are looking for a way to leverage this uncertainty by offering to buy tariff refund claims at a discount in exchange for immediate cash.
The article, titled "How Fashion Is Getting Tariff Refunds," is available here (subscription required).
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We are continuing to monitor developments in this area and encourage you to subscribe to our Sanctions Notes blog to be kept informed of latest developments. Please contact the authors or your usual Herbert Smith Freehills Kramer contacts for more information.