On November 26, the Department of Justice (DOJ) and the Securities and Exchange Commission announced an agreement with three subsidiaries of Swiss oil services company Weatherford International Ltd. to settle Foreign Corrupt...more
In this issue:
- Concurrent Resolution of FCPA, Export Controls and Sanctions Violations Demonstrates Close Cooperation of Federal Agencies
- Five Agencies Issue Final Volcker Implementation Rules; Small Banks...more
On November 26, the DOJ announced that Weatherford International—a multinational oil services company—and certain of its subsidiaries agreed to pay approximately $250 million in fines and penalties to resolve FCPA, sanctions,...more
If you manufacture or export Auxiliary Military Equipment controlled under Category XIII of the U.S. Munitions List, you may rightly consider the category number unlucky. The current scope of Category XIII controls is broad...more
New rules allow some aircraft-related items to fall into categories that may make them more attractive to foreign buyers.
On October 15, the Obama Administration reached an important milestone of the president’s Export...more
According to a recently published report of the U.S. Congressional Research Service, the United States and the People’s Republic of China (‘China’) expanded economic ties substantially over the past three decades. Total...more
Welcome to the November 2013 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP.
On the anticorruption front, a Swiss tech company’s former exec is charged in the US...more
In This Issue:
- Government Shutdown Disrupts And Delays Various Trade Agency Functions
- China Launches Pilot Free Trade Zone In Shanghai
- "Reshoring" Gaining Momentum Among U.S. Manufacturers
- News Of...more
Executive and Legislative Branch Activity -
Last week’s successful eleventh-hour Senate-led bipartisan proposal (H.R. 2775) to raise the debt ceiling (until February 7) and end the government shutdown, by...more
Venable’s International Trade and Customs Practice Group is publishing a five-part series of Client Alerts to highlight the changes surrounding the ECR (Export Control Reform). Below is Part IV of the series.
- Part I:...more
As described in our April 25, 2013 International Trade & Compliance Advisory, the U.S. government is engaged in a broad export control reform initiative. On October 15, 2013, the first regulatory amendments implementing...more
On October 15, 2013 the first major series of amendments under the Export Control Reform will go into effect. Every exporter should be aware of these amendments and have a plan to prepare for these changes....more
Seems like all my free moments are on a plane. This flight in particular is an 8 hour flight — the inflight entertainment and the light controls are not working! This gives me time to reflect on Export Control Reform. With...more
For the past several decades, and especially since the heightened security enforcement in international trade, the global business community has railed against the complex, overlapping U.S. export controls laws and...more
The Export Control Reform (“ECR”) initiative is in full swing. On October 15, 2013, businesses will wake up operating under a completely revised export control system. Some the changes have been in works for several years,...more
One of the main reasons for the government’s Export Control Reform initiative (“ECR”) was to ensure that the United States’ comparative advantage in certain technologies against the rest of the global marketplace is...more
We have written over the years about export control laws and other regulatory controls related to international trade. We have also discussed the comparative advantages that some countries have over others, including the...more
Venable’s International Trade and Customs Practice Group is publishing a four-part series of Client Alerts to highlight the changes surrounding the ECR (Export Control Reform). Below is Part III of the series.
Welcome to the September 2013 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP.
This month on the anticorruption front, several U.S. financial executives plead guilty in a...more
Companies that produce military aircraft and aircraft parts and components controlled under the International Traffic in Arms Regulations (“ITAR”) should take note of some significant changes that will become effective...more
There is increasing interest from Chinese businesses in establishing an R&D center in the Silicon Valley and other technology centers in the United States. For example, the world’s largest mobile phone operator, China Mobile,...more
In the normal course of operations between U.S. and foreign affiliates, inter-company communications and data conveyances are frequent and occur both intentionally and inadvertently. The U.S.-foreign affiliation can be in the...more
On October 15, 2013, two Final Rules ushering in the “initial implementation” of the Export Control Reform (ECR), by the Departments of State and Commerce, will take effect. The Final Rules transfer jurisdiction of many...more
Venable’s International Trade and Customs Practice Group is publishing a four-part series of Client Alerts to highlight the changes surrounding the ECR (Export Control Reform). Below is Part 1 of the series.
On August 6 and 23, 2013, the US Department of State entered into Consent Agreements with Aeroflex, Inc. (Aeroflex) and Meggitt-USA, Inc. (Meggitt) to resolve numerous alleged violations of the Arms Export Control Act (AECA)...more