Major Revisions to U.S. Export Controls: How the New Regulatory Landscape Will Impact Your Clients
The EU adopted amendments to the current EU sanctions against Russia on 4 December 2014. These amendments are implemented via Council Regulation (EU) No 833/2014 (as amended) (“Regulation 833/2014”). They are intended to both...more
The bill, if passed, would impose severe sanctions on “foreign persons” that make significant investments in Russian crude oil projects....more
The U.S. Department of Commerce, Bureau of Industry and Security (BIS) has amended the Export Administration Regulations (EAR) to restrict exports to Venezuela of certain items intended for “a military end use or end user.” ...more
The temporary and limited changes to U.S. and European Union (“EU”) sanctions policy for Iran, as agreed under the interim nuclear deal reached by Iran and the P5 + 1 countries, have been extended until June 30, 2015. Most...more
The US Department of Commerce, Bureau of Industry and Security (BIS) recently released a redacted Advisory Opinion dated November 13, 2014 that confirms for cloud-based software vendors (or Software as a Service providers)...more
Welcome to the November 2014 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP.
This month on the anticorruption front, a life sciences company settles multi-country bribery investigations, a...more
Fred Lipp, business law attorney and practice group leader, offers ten tips on doing business abroad:
- Technology licensing and energy projects will continue as primary global drivers
- Chinese products are...more
On November 7, 2014, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) announced a final rule implementing controls on exports, re-exports and transfers of a variety of goods, software and technologies for...more
Localized Barriers to Trade (LBTs) are an increasingly common phenomenon across the globe. Such barriers hurt job creation, impede growth, and limit economic opportunities. What does this mean for manufacturers in the United...more
The State and Commerce Departments recently issued significant new regulations under Export Control Reform affecting the export control requirement for military electronics. These will have a major impact on manufacturers of...more
On October 9, 2014 a team of US, Russia and UK based Latham & Watkins lawyers hosted “Managing Legal and Business Risks Under the Russia/Ukraine Sanctions: Views from the US, Europe and Moscow,” a webcast focusing on the...more
Increasingly interconnected global businesses need to focus on how export controls and trade sanctions can affect their cross-border activities in unexpected ways.
For decades, the US Government has used trade...more
If you import goods that are subject to an antidumping duty (AD) order from a Chinese exporter that is owned and controlled by the Government of China (GOC), your imports may be liable for U.S. AD duties based on the...more
Here is a summary of export data for the first year after the initial implementation of ECR:
There have been over 61,000 shipments of 600 series items since October 2013.
The 600 series exports are valued at...more
It’s been just about a year since the President’s Export Control Reform Initiative kicked off with revisions to four categories of the United States Munitions List (USML). Since then, two more rounds of changes has brought...more
The Year Mark -
Apparently, it is now fashionable among my peers to host elaborate parties in honor of the first birthdays of their children. I have attended a number of these fêtes, and been impressed to just what...more
Over the past six months, the United States and the European Union have coordinated efforts through sanctions and trade controls to respond to Russian activity in Crimea and Ukraine. Following a long series of incremental...more
Registered investment advisers are required to review their policies and procedures on at least an annual basis. As aid to the required review, below is a summary of material developments during the past...more
The United States recently expanded sanctions and export controls against the Russian defense sector. These designations and export control steps have implications for defense contractors, parts suppliers and brokers....more
U.S. Sanctions -
On September 12, the United States, in coordination with the EU, imposed additional sanctions against Russia in connection with events in Ukraine. Specifically...
- the Office of Foreign Assets...more
The US and EU take coordinated action to broaden and align their Russia-related sanctions — which may evolve further depending on Ukraine peace plan progress.
On September 12, 2014, the US and the EU announced new and...more
"oIn This Issue:
- A Hundred Years Of Making Furniture In Southern Virginia. And Then Came China.
- Domestic OCTG Industry Largely Prevails In Trade Cases, But Some Foreign Producers Avoid Duties
On August 6, 2014, the Bureau of Industry and Security (BIS) of the Department of the Treasury published a rule on export prohibitions to Russia on items for use in its energy sector. The rule also added one person, United...more
ENERGY AND CLIMATE DEBATE -
Congress is in recess for the remainder of August, but when it returns for just over two weeks in September, much of the focus will turn to crafting a continuing resolution to keep the...more
The European Union (EU) enacted Council Regulation (EU) No 833/2014 (the Regulation), which contains ‘Stage 3’ sanctions against Russia. These sanctions resemble – but in other ways are different – from the latest US...more
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