On November 26, 2024, the Fifth Circuit issued an opinion in Van Loon v. Department of the Treasury that invalidated economic sanctions imposed by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) on...more
12/6/2024
/ Administrative Procedure Act ,
Chevron Deference ,
Corporate Counsel ,
Cryptocurrency ,
Economic Sanctions ,
Foreign Adversaries ,
International Emergency Economic Powers Act (IEEPA) ,
Loper Bright Enterprises v Raimondo ,
Money Laundering ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Software ,
U.S. Treasury
On May 12, 2023, the Department of the Treasury (the “Treasury”) and Internal Revenue Service (the “IRS”) issued Notice 2023-38 (the “Notice”), providing guidance on the rules taxpayers must satisfy to qualify for the...more
5/15/2023
/ Buy American Act ,
Domestic Corporations ,
Energy Projects ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Recordkeeping Requirements ,
Steel Industry ,
Supply Chain ,
Tax Credits ,
U.S. Treasury
The Committee on Foreign Investment in the United States (“CFIUS”) earlier this month released a fact sheet announcing updates on excepted foreign states determinations, including the addition of New Zealand to CFIUS’s...more
On October 20, 2020, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced that it had reached a $4.1 million settlement with Berkshire Hathaway, Inc., the multinational conglomerate holding company...more
The Committee on Foreign Investment in the United States (“CFIUS”) had a busy week last week. The Department of the Treasury, which chairs CFIUS, released its Annual Report for 2018 and additional statistics for 2019 that...more
On April 27, 2020, the Department of the Treasury issued an interim rule establishing a filing fee for certain transactions filed with the Committee on Foreign Investment in the United States (“CFIUS”). The fees only apply to...more
On January 13, 2020, the U.S. Department of the Treasury, which chairs the Committee on Foreign Investment in the United States (“CFIUS”), released the final regulations to implement the 2018 CFIUS reform law, the Foreign...more
2/4/2020
/ CFIUS ,
Continuing Legal Education ,
Critical Infrastructure Sectors ,
Cross-Border Transactions ,
Events ,
Federal Pilot Programs ,
Filing Requirements ,
FIRRMA ,
Foreign Investment ,
Investment Funds ,
Investors ,
Jurisdiction ,
New Regulations ,
Non-Controlling Interests ,
Personal Data ,
Real Estate Transactions ,
Sensitive Personal Information ,
Technology Sector ,
U.S. Treasury