News & Analysis as of September 20, 2024

European Union › Foreign Trade Regulations

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Russia/Ukraine Sanctions Update - Month of August

Mayer Brown on 8/30/2024

US SANCTIONS - US Department of the Treasury Takes Further Action against Russia’s International Supply Chains: On August 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the US...more

New Multi-Jurisdictional Sanctions Continue to Target Broad Scope of Activities With Russia

WilmerHale on 7/1/2024

In conjunction with the Group of Seven (G7) leaders meeting in Italy earlier this month, key jurisdictions issued the latest in a series of coordinated economic restrictions on Russia in light of its invasion of Ukraine in...more

Europe Daily News, 13 March 2024

Mayer Brown on 3/14/2024

COMPETITION - Prior notification of a concentration (Case M.11465 - Silver Lake / Australiansuper / Digitalbridge / Vantage Emea) - Commission clears acquisition of Cotiviti by KKR and Veritas (M.11454) - Midday...more

US, EU and UK Adopt New Russia Sanctions and Export Controls as Ukraine War Hits Two-Year Mark

Mayer Brown on 2/28/2024

Following the invasion of Ukraine by Russia on February 24, 2022, the United States ("US"), the European Union ("EU"), and the United Kingdom ("UK") adopted—together with their allies—successive waves of sanctions, in an...more

Western Governments Impose Range of New Russia Sanctions with Focus on Sanctions Evaders

Cadwalader, Wickersham & Taft LLP on 2/28/2024

The U.S., EU and UK have imposed significant new sanctions and are stepping up enforcement against sanctions evaders on the second anniversary of Russia’s full-scale invasion of Ukraine. On February 23, 2024, the U.S....more

European Union Adopts 12th Sanctions Package Against Russia

Mayer Brown on 12/20/2023

On December 18, 2023, the European Union ("EU") adopted its 12th sanctions package against Russia. The new package introduces additional asset freeze measures, together with amendments to the EU asset freeze framework...more

Russia and Belarus sanctions update - March 2023

Eversheds Sutherland (US) LLP on 3/6/2023

In recognition of the one-year anniversary of Russia’s invasion of Ukraine, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and US Department of Commerce’s Bureau of Industry and Security (BIS)...more

United States and Allies Set Price Cap on Russian Oil — $60 Per Barrel (Part I of IV)

The Volkov Law Group on 12/13/2022

The G-7, the European Union and Australia officially announced a price cap on Russian oil, which includes service and shipping restrictions on oil originating from the Russian Federation and trading above $60 per barrel. ...more

Dechert Cyber Bits - Issue 22

Dechert LLP on 10/14/2022

SEC Chair Gensler Indicates Commission is Looking to Update SEC’s Regulation S-P - On September 28, 2022, Securities and Exchange Commission (“SEC” or the “Commission”) Chairman Gary Gensler appeared via video at the...more

Update: U.S. Ramps Up Pressure Against Russia with New Round of Sanctions and Export Controls

Venable LLP on 3/17/2022

On Friday, March 11, 2022, President Biden, in coordination with G7 leaders in the United Kingdom, European Union, Canada, and Japan, announced another round of economic actions aimed at further isolating the Russian economy...more

Global Update and Review: Russia Sanctions and Asset Capture Initiatives

The Volkov Law Group on 3/3/2022

The Russia-Ukraine crisis has created a fast-moving compliance nightmare – sanctions and export controls around the globe are changing each day. Some major companies are pulling out of Russia completely in response to the...more

Russia Responds to US, UK and EU Sanctions With New Economic Measures

Skadden, Arps, Slate, Meagher & Flom LLP on 3/2/2022

On 28 February 2022, Russian President Vladimir Putin signed the order “On the Application of Special Economic Measures in Connection With the Unamicable Actions of the U.S. and the Adjoining Foreign States and International...more

US, EU and UK Designate Putin and Lavrov; US Expands Sanctions against Russia and Belarus; Switzerland Adopts Sanctions to Address...

White & Case LLP on 2/28/2022

On 25 February 2022, the US, EU and UK imposed asset freeze restrictions/blocking sanctions on Russian President Vladimir Putin and Foreign Minister Sergei Victorovich Lavrov, and Switzerland adopted sanctions against Russia....more

New EU Russia sanctions package

Hogan Lovells on 2/28/2022

On 25 February 2022, the EU adopted a wide package of additional sanctions against Russia targeting key sectors of its economy. New measures include: (1) a complete export ban on dual-use items; (2) export bans on goods in...more

US, EU and UK Impose Unprecedented Sanctions Against Russia

Dechert LLP on 2/28/2022

Background As noted in our prior update, the United States, European Union and United Kingdom imposed a number of sanctions in connection with Russia’s recognition of the Donetsk and Luhansk regions of Ukraine. ...more

Tips for Managing Supply Chain Trade Issues in 2021

Lowenstein Sandler LLP on 11/3/2021

The effect of global trade policies on companies’ supply chains cannot be overstated. Notwithstanding the current port delays, businesses are suffering from increasing production costs, access to efficient labor and...more

[Webinar] Preparing an International Legislative Strategy - September 28th, 12:00 pm EST

Cohen & Gresser LLP on 9/3/2021

Earlier this summer, the Group of Seven (G7) held their annual summit to coordinate global policy and devise a plan to help the world build back better from COVID-19. The G7 discussed several priorities and initiatives,...more

The Hereditary Debt of the Investment-Controlled Screw

McDermott Will & Emery on 5/10/2021

The 17th Amendment Ordinance to the German Foreign Trade and Payments Ordinance (AWV) - The 17th Amendment Ordinance to the German Foreign Trade and Payments Ordinance (AWV) continues the long-standing trend towards more...more

UK and EU Strike Brexit Trade Deal

Cohen & Gresser LLP on 12/24/2020

A trade and partnership agreement has just been reached between the European Union and the United Kingdom. The agreement avoids the possibility of a ‘chaotic Brexit’ but falls well short of ensuring the continuity of...more

Financial Daily Dose 12.9.2020 | Top Story: DoorDash Makes Public Trading Debut North of $100/share

Robins Kaplan LLP on 12/9/2020

DoorDash is entering the public markets fray today with hopes of “cash[ing] in on the frenzy in initial public offerings” of late. The food-delivery company is expected to price shares “at the high end of or above its...more

Radar Specialist: German Government Prohibits Takeover by Chinese Investor

McDermott Will & Emery on 12/4/2020

The sharp sword of prohibiting a M&A transaction because of threats to public order or security is eventually being applied. IN DEPTH - After years of continuous tightening of foreign trade law, several papers including...more

Germany Further Aligns Foreign Direct Investment Screening Regime with EU Regulation

Morgan Lewis on 11/25/2020

The 16th Amendment to the German Foreign Trade and Payments Ordinance entered into effect on October 28, 2020, the third step in the German government’s efforts to tighten its foreign direct investment review regime in 2020....more

German Foreign Investment Control – Stricter Scrutiny For Non-EU PE Investors In Sensitive Businesses

Morrison & Foerster LLP on 7/17/2020

Effective June 3, 2020, the screening of foreign direct investments (FDIs) has been expanded in Germany with a first tranche of new rules primarily affecting the healthcare sector. This expansion of the FDI control scheme...more

Financial Daily Dose 1.21.2020 | Top Story: World Economic Forum Kicks Off in Davos

Robins Kaplan LLP on 1/21/2020

As it kicked off its 50th annual gathering today, the World Economic Forum in Davos is facing some hard questions—both about the state of the ideals it has long espoused (“open borders, liberal democracy and free borders,” to...more

Financial Daily Dose 12.02.2019 | Top Story: US Restores Metal Tariffs on Argentina and Brazil

Robins Kaplan LLP on 12/2/2019

The White House will again slap tariffs on steel and aluminum imports from Argentina and Brazil in an apparent reaction to “massive devaluation” of currencies in both South American nations....more

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European Union › Foreign Trade Regulations

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