Feds Scorn Canadian Lumber Co.’s Proposed Succession Test

By Rae Ann Varona
Law 360
September 8, 2022
Category: Business & Politics
Region: Canada, United States

The United States has asked the U. S. Court of International Trade to reject a Canadian lumber company’s bid to pay the same countervailing duty cash deposit rates as a company it purchased mills from, saying it wasn’t a successor-in-interest. The U. S. government said the U. S. Department of Commerce had correctly considered GreenFirst Forest Products not to be a successor of forest products company Rayonier A. M. Canada GP, or RYAM, on the grounds that GreenFirst’s acquisition of RYAM involved a significant change to the company’s operations. GreenFirst challenged Commerce’s method for determining successorship, saying it failed to meet certain standards. [to access the full story a Law360 subscription is required]

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