Plan B — Why it is Essential to Understand Real Estate and Franchise Issues in Bankruptcy Cases — Even When a Bankruptcy Filing is Not (Yet) Contemplated

For several months, the U.S. government has been signaling an impending challenge of the Court of International Trade’s (CIT) authority to require refunds of IEEPA tariff payments (i.e., payment refunds for tariffs enacted pursuant to the International Emergency Economic Powers Act) for entries liquidated more than 80 days earlier.

Customs valuation is the process of determining the customs value of imported goods for the purpose of assessing duties and taxes. It is essential to get the valuation correct, as in most cases the amount of tariffs due are calculated as a percentage of the declared entered value.

On June 4, 2026, the United States Supreme Court handed down a 9-0 decision in Sripetch v. Securities and Exchange Commission, affirming that proof of pecuniary loss to victims of securities law violations is not a prerequisite for the SEC to secure a disgorgement remedy.