News

Funds advised by Castik Capital S.à r.l. (“Castik”) have entered into an agreement to acquire a majority stake in Customs Support Group (“CSG”) from Mentha Capital and CSG’s founder Oscar Driessen, who will remain a minority shareholder and advisor to the business. In addition, the management will stay on board and (re)invest in the business.

Amsterdam, The Netherlands – Castik Capital, a European Private Equity firm, has entered into an agreement to acquire Customs Support from Mentha Capital and Park Ventures. Oscar Driessen (Park Ventures) and the management team will make a (re)investment in the transaction alongside the EPIC II fund managed by Castik.

Since January the Incoterms 2020 are in effect. Every ten years these Incoterms are updated. You can read more about the most important changes compared to Incoterms 2010 in one of our earlier blogs in the Incoterms series. The Incoterm in this blog is one of the Incoterms specifically for transport over water: Cost and Freight (CFR).

Per January 1st 2021 there will be two types of EORI numbers. An EU EORI number and a UK EORI number.

The EU Customs is taking steps to improve the entry security and safety border controls. According to the European Commission, it entails an overhaul and reform from multiple perspectives, like IT, legal, customs risk management/controls and trade operational perspectives.