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Holland & Knight  Assists Client in Acquisition of MetroSouth Medical Center in Blue Island, Illinois

CHICAGO – A team of Holland & Knight attorneys, led by Chicago Partner Anne Murphy, today completed a transaction in which client MSMC Investors LLC acquired St. Francis Hospital and Health Center from SSM Health Care. The historic 410-bed hospital, founded in 1905, was slated for closure after earlier efforts to find a buyer were unsuccessful. The acquisition was successfully completed on an unusually aggressive timetable. The hospital is the largest employer in Blue Island, and is known for its high quality service and excellence in cardiac care.

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Two Holland & Knight Lawyers Among Top Lobbyists In Washington, D.C. by The Hill

WASHINGTON, D.C. – Former Congressman Gerry Sikorski (D-MN), chair of Holland & Knight's Government Section, and Rich Gold, chair of the firm's Public Policy and Regulation Practice Group, have been recognized by The Hill newspaper as two of Washington, D.C.'s top 50 lobbyists.

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International Trade
Newsletter - October 25, 2001
 
In this Issue...
U.S. Customs
 
 October 25, 2001
 

Florida-based Bonded Warehouse Facilities. The U.S. Customs Service is proposing a major change in the way that certain products are handled by bonded warehouse facilities located in Miami-Dade, Broward and Palm Beach counties. This change will affect any product which is not FDA-approved and which is "transshipped" through a bonded warehouse facility in one of these counties. Under an exemption to its rules, Customs has allowed foreign manufacturers of non-FDA approved products (primarily cosmetics, perfumes and medical devices) en route from their foreign manufacturing point to ultimate consumers in Latin America and the Caribbean to store the goods in bonded warehouses in these counties for up to five years. Customs has announced that the exemption will be removed in early 2002 and that it will begin to strictly enforce the normal rule that limits storage to 90 days.

Quarterly Internal Revenue Service Rates. The U.S. Customs Service has issued the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of Customs duties. For the quarter beginning October 1, 2001, the interest rates for overpayments will be six percent for corporations and seven percent for non-corporations. The interest rate for underpayments will be seven percent.

Modification to GSP for Indonesia. Presidential Proclamation 7468 on the Generalized System of Preferences (GSP) modifies the General Notes to the Harmonized Tariff Schedule of the United States (HTS) to redesignate certain products from Indonesia as eligible for preferential tariff treatment under the GSP and to amend General Note 4(d) to the HTS. Effective with respect to goods entered, or withdrawn from warehouse for consumption on or after September 24, 2001 (publication date of notice in the Federal Register), modifications to the HTS are as follows: (1) General Note 4(d) to the HTS is modified by: (a) deleting the following subheadings and Indonesia set out opposite such subheading: 1301.90.40 4602.10.23 1605.90.55 9001.30.00 4412.13.25 (b) deleting Indonesia set out opposite the following subheadings: 1604.14.50 4412.14.30 2603.00.00 4412.14.55 3824.60.00 4412.92.50 (2) For the following subheadings, the Rates of Duty 1-Special subcolumn is modified by deleting the symbol "A*" and inserting an "A" in lieu thereof. 1301.90.40 4602.10.23 1605.90.55 9001.30.00 4412.13.25. Importers or their agents may avail themselves of all available post-entry procedures, with the exception of NAFTA 520(d) claims, to receive a refund of duties for eligible GSP redesignated products from Indonesia entered, or withdrawn from warehouse for consumption on or after September 24, 2001. Questions should be referred to your local Customs port.