Trivago N.V., 2016 10-K Filing

Date issued: Dec. 19 2017

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TURBOFAC Commentary (1052 words)

Notes:

[UPDATE - see Case No. CU-2013-303724-1, i.e. the guidance letter issued to trivago referenced below. The comment below has not yet been updated to reflect our having obtained the trivago letter].

1) Trivago is a Dutch company that, as of 2013 and up through at least 9/2021, is majority-owned by Expedia Group, meaning that it was not a U.S. Person for the purposes of the repealed Sudan sanctions, but is currently subject to the ITSR by way of 560.215 and CACR by way of 515.319(d) (owned by a U.S. person).

Trivago describes having received a "a written interpretive ruling" from OFAC stating that its business model is such that, even if it were a U.S. person, its activities would be generally exempt from regulation, at...