With a rapidly evolving regulatory landscape, staying on top of the latest updates is crucial for companies in the biopharma and medical devices sectors. In our inaugural biopharma and medical devices briefing, we highlight a...more
New OFAC Guidance on Statute of Limitations -
On July 22, 2024, the Office of Foreign Assets Control (OFAC) published new guidance addressing how it intends to apply a recent change in the statute of limitations for...more
On June 12, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced several significant additional export control restrictions and related actions against Russia as a response to continued...more
6/26/2024
/ Belarus ,
Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List
On April 25, 2024, the Department of Commerce’s Bureau of Industry and Security (BIS) announced the issuance of a final rule that amends the Russian and Belarus Sanctions under the Export Administration Regulations (EAR) to...more
Ready or Not: Momentum Continues to Build in Washington for Outbound Investment Screening Mechanism -
On May 9, 2023, a bipartisan group of U.S. House members introduced the National Critical Capabilities Defense Act of...more
As the 49th Group of Seven (G7) Summit gets underway in Japan, the United States, in coordination with several other G7 members, marked the occasion to announce sweeping new sanctions and export controls aimed at “further...more
On February 24, 2023, the White House marked the one-year anniversary of the Russian invasion of Ukraine by announcing a sweeping package of new sanctions, export controls and tariffs aimed at “holding Russia accountable for...more
On February 16, 2023, the U.S. Department of Justice (DOJ) and the U.S. Department of Commerce announced the creation of the “Disruptive Technology Strike Force” — a multi-agency, multi-geographical effort to ratchet up the...more
On January 25, 2023, the Financial Crimes Enforcement Network (FinCEN) published an alert to financial institutions warning of the heightened risk of investment in commercial real estate by sanctioned Russian elites,...more
Summary of Key Points:
Although this rule is aimed at the semiconductor and supercomputer industries, it will have a much broader effect on U.S. and ex-U.S. manufacturing, including even certain EAR99 goods manufactured...more
On September 15, 2022, President Biden signed an Executive Order (EO) directing the Committee on Foreign Investment in the United States (CFIUS or the Committee) to specifically consider certain factors when reviewing the...more
Seven months into Russia’s invasion of Ukraine, the United States continues to expand and develop its Russia sanctions program. Most recently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)...more
The week of June 12, 2022, the Department of Homeland Security (DHS) and U.S. Customs and Border Protection (CBP) released two important guidance documents to prepare the public for the implementation of the Uyghur Forced...more
In a highly anticipated development, on May 3, 2022, the United States Trade Representative (USTR) announced the initiation of a statutory process whereby USTR is expected to conduct a reassessment of the existing Section 301...more
Join World Law Group for the next webinar in our trade series: export controls. Our panelists will discuss:
- Expansion of licensing requirements to shipments to Russia/Belarus
- Non-dual use items that require licenses...more
Join the co-chairs of WLG's International Trade Law Group for a discussion on the evolution of international trade regulations in times of conflict.
Our speakers will cover:
1. What are the current sanctions?
2. How...more
The Russian invasion of Ukraine is continuing to prompt escalating sanctions and export controls on both sides of the Atlantic. Our team breaks down the latest measures coming out of the European Union, the United Kingdom and...more
The international sanctions targeting the Russian Federation include significant financial sanctions against Russian banks. We’re monitoring these actions and have created a summary of financial sanctions against Russian...more
As the Russian invasion of Ukraine continues to escalate, the U.S. and its allies are still implementing (and considering) additional sanctions and export control measures aimed at isolating Russia’s economy and weakening...more
In the immediate wake of Russia’s full-scale invasion of Ukraine, President Biden announced a package of sweeping economic sanctions and export control measures intended to “impose severe costs on the Russian economy, both...more
On February 21, 2022, President Biden issued an Executive Order (EO) imposing new sanctions and export controls in response to Russia’s formal recognition of the so-called Donetsk People’s Republic (DNR) and Luhansk People’s...more
The following alert will be updated as events change. Last Updated: 2/7/2022 -
Below you will find an overview of a package of economic sanctions and export control measures the U.S., U.K. and EU are reportedly considering...more
On January 25, 2022, Democratic leadership of the U.S. House of Representatives unveiled long-awaited legislation, the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength...more
On January 24, 2022, the Biden administration, as part of the implementation of the newly-signed Uyghur Forced Labor Prevention Act (UFLPA), issued a notice in the Federal Register seeking public comments on “how best to...more
On October 4, 2021, United States Trade Representative (USTR) Katherine Tai unveiled the contours of the Biden administration’s long-awaited trade policy with respect to China. As hoped for among many in the U.S. business...more