Hogan Lovells secured a total victory for Bearing Art Corporation in the pending U.S. antidumping duty investigation of tapered roller bearings (TRBs) from Korea.
By a vote of 3-1, the U.S. International Trade Commission (ITC) determined that the U.S. industry producing TRBs was neither materially injured nor threatened with material injury by reason of subject TRB imports from Korea, thereby terminating the investigation. This negative determination marks a rare victory for importers during a period of escalating trade protection in the United States.
The investigation was initiated in June 2017 pursuant to a petition filed with the ITC and the U.S. Department of Commerce. For nearly a year, Hogan Lovells worked closely with Bearing Art and a team of economists and lawyers to secure the lowest dumping margin awarded to the participating Korean companies. Thereafter, the Hogan Lovells team presented extensive evidence and testimony before the ITC, ultimately persuading the Commission not to impose any antidumping duties on Korean TRB imports.
Led by Washington, D.C.-based partner Craig Lewis (Picture), the Hogan Lovells team included substantial contributions from partner Jonathan Stoel, counsel Jared Wessel, and associates Michael Jacobson and Nicholas Laneville.
Law Firms: Hogan Lovells;
Clients: Bearing Art Corporation;