Designer's Indictment Shows Fashion Co. Compliance Risks
Litigation attorneys Danielle Garno and Wifredo Ferrer, along with former Summer Associate Isaac Fuhrman, co-authored an article for Law360 looking at compliance risks faced by companies in the fashion and luxury industry. Luxury accessories designer Nancy Gonzalez was arrested in Colombia in July and faces extradition for conspiracy and smuggling exotic animal skins in violation of U.S. trade regulations. The authors explain that her story illustrates the risks fashion companies must keep in mind when doing business in the U.S. market. Their article describes the varying state and federal laws surrounding endangered and threatened species, from the federal Endangered Species Act to a California law banning imports of body parts of species facing extinction. It also highlights other compliance requirements for companies to note, such as Federal Trade Commission regulations on advertising.