Much has been said about the Foreign Extortion Prevention Act (“FEPA”) that President Biden signed into the law in December 2023, with particular attention given to the corrupt foreign officials who seek bribes from...more
Nine months after the Uyghur Forced Labor Prevention Act (UFLPA) went into effect, the Biden Administration shows no signs of easing up on its tenacious enforcement of the Act’s import ban. At the same time, the...more
On June 13, 2022, the U.S. Department of Homeland Security’s Customs and Border Protection (“CBP”) published guidance for importers regarding compliance requirements under the Uyghur Forced Labor Prevention Act (“UFLPA”),...more
6/20/2022
/ Biden Administration ,
Corporate Counsel ,
Cross Border Privacy Rules (CBPR) ,
Due Diligence ,
Entity List ,
Forced Labor ,
Importers ,
New Guidance ,
Required Documentation ,
Supply Chain ,
Uyghur Forced Labor Prevention Act (UFLPA)
The U.S. Congress has passed a landmark piece of legislation that prohibits the importation of goods from an entire region due to the high risk of severe forced labor abuses there. The legislation – the Uyghur Forced Labor...more
12/22/2021
/ Biden Administration ,
China ,
Corporate Counsel ,
Disclosure ,
Due Diligence ,
EU ,
Forced Labor ,
Importers ,
Imports ,
New Legislation ,
Securities and Exchange Commission (SEC)
On June 16, 2021, the U.S. House of Representatives passed legislation that would impose new ESG due diligence and disclosure requirements on publicly traded companies. H.R. 1187 – the ESG Disclosure Simplification Act of...more
6/28/2021
/ Biden Administration ,
Climate Change ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
Executive Orders ,
Financial Services Committee ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Sustainability
On June 16, 2021, the U.S. House of Representatives passed legislation that would impose new ESG due diligence and disclosure requirements on publicly traded companies. H.R. 1187, the ESG Disclosure Simplification Act of...more
6/24/2021
/ Biden Administration ,
Corporate Governance ,
Disclosure Requirements ,
Due Diligence ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Executive Orders ,
New Legislation ,
Publicly-Traded Companies ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Sustainability
On December 10, 2020, President Trump formally announced that the Government of Israel and the Kingdom of Morocco will normalize their bilateral relationship, marking the fourth Arab country that recognizes Israel as a result...more
On December 16, 2020, the Securities and Exchange Commission issued a new regulation that revises and reinstitutes a previously-repealed SEC regulation to implement Section 1504 of the Dodd-Frank Act.
The new rule is the...more
12/18/2020
/ Biden Administration ,
Dodd-Frank ,
Foreign Governments ,
Natural Resources ,
New Regulations ,
New Rules ,
Rulemaking Process ,
Section 1504 ,
Securities and Exchange Commission (SEC) ,
Transparency ,
Trump Administration
In a landmark development, the European Union’s Foreign Ministers on December 8 approved an “Action Plan on Human Rights and Democracy” that establishes a new mechanism for targeting systematic violators of human rights from...more
12/9/2020
/ Anti-Corruption ,
Biden Administration ,
Canada ,
China ,
Estonia ,
EU ,
EU Action Plans ,
Gibraltar ,
Global Magnitsky Act ,
Human Rights ,
Latvia ,
Lithuania ,
Obama Administration ,
Sanctions ,
Supply Chain ,
UK