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
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
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
"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
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
On July 7, the World Trade Organization (WTO) Appellate Body issued its report in United States – Countervailing and Anti-Dumping Measures on Certain Products from China (DS 449). This proceeding traces its roots to 2006,...more
The sanctions directly affect companies involved in Russia's oil and gas industries by imposing new export license requirements....more
Recent news reports present conflicting views on the United States' ranking in world oil production. Some reports say that the United States has become the largest oil producer in the world, surpassing energy-rich countries...more
The U.S. Department of Commerce’s Bureau of Industry and Security recently reached a $115,000 civil settlement agreement with a California-based global technology company on the basis that it violated several export control...more
In This Issue:
- High Level Of U.S. Oil Production Leads To Increased Focus On Exports
- Oil Country Tubular Goods Orders Are Much More Likely As Domestic Industry Gains From The Department of Commerce’s Final...more
The EU’s “Stage 3” sanctions restrict exports to the Russian military, exports of certain technologies for the oil industry, and certain Russian State-owned banks’ access to EU capital markets.
New EU Measures Target...more
The European Union announced its intention to adopt a broad package of trade and economic sanctions against Russia, targeting access to EU capital markets, defence exports, energy related equipment and technology and...more
US extends sanctions to three Russian banks, a shipbuilding company and exports of energy sector items to Russia; EU announces similar measures.
Additional OFAC Designations -
On July 29, 2014, the U.S....more
On July 16, 2014, the United States issued new sanctions targeting the Russian financial and energy sectors in response to the ongoing unrest in Ukraine. The new sectoral sanctions target four Russian companies by placing...more
On July 1, 2014, the U.S. government issued the latest in a series of ongoing reforms to the U.S. export controls on defense articles, defense services and “dual-use” items (i.e., items that have both civilian and military...more
Welcome to the June 2014 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP.
This month, on the anticorruption front, the U.S. Court of Appeals for the 11th Circuit defines key Foreign Corrupt...more
The European Commission has recently outlined its priorities and suggestions for modernising and improving the EU’s Dual-Use export controls regime in a Communication. The proposed approach focuses on ‘smarter’ controls,...more
In the country pubs of Ireland, it has long been the practice of the barkeep to “stand the third round” for good customers, meaning to offer the third drink for free. The practice makes sense both as customer appreciation...more
In the context of an EU-wide review of export licensing for Russia, the UK Foreign Secretary William Hague announced in March 2014 that the UK Government would be suspending (i) all existing export licences and application...more
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