At a time of significant geopolitical challenges, many jurisdictions are looking at their investment screening regimes to ensure that they can adequately safeguard national security and public order. Within this context,...more
3/27/2024
/ Acquisitions ,
Biden Administration ,
CFIUS ,
Cross-Border Transactions ,
Department of Justice (DOJ) ,
EU ,
European Economic Area (EEA) ,
Executive Orders ,
Foreign Direct Investment ,
Foreign Investment ,
France ,
Germany ,
Greenfield Projects ,
Member State ,
Mergers ,
National Security ,
New Guidance ,
Outbound Transactions ,
Proposed Amendments ,
Publicly-Traded Companies ,
Sensitive Personal Information ,
Technology Sector ,
UK
On September 15, 2022, the United States imposed further export control and sanctions measures in response to the ongoing conflict in Ukraine. Among the additional measures implemented are the following...more
9/22/2022
/ Biden Administration ,
Blocked Person ,
Commerce Control List ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Trade Regulations ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
On May 3, 2022, the SEC’s Division of Corporation Finance (“CorpFin”) issued guidance reminding companies with disclosure obligations under U.S. securities laws to be cognizant of any disclosures that may be warranted as a...more
Following a meeting of G7 leaders on May 8, 2022, the United States enacted additional sanctions and export control measures in response to the ongoing conflict in Ukraine. Among the changes: a prohibition on U.S. persons...more
5/13/2022
/ Blocked Entities ,
Economic Sanctions ,
Export Controls ,
Final Rules ,
G7 ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Russia ,
SDN List ,
Ukraine ,
Visa Restrictions ,
Visas
The U.S. Trade Representative (USTR) has announced that beginning May 7, 2022, it will accept requests from members of the domestic industry that have benefitted from the current Section 301 tariffs on imported goods of...more
The United States has taken further export control and sanctions measures in response to the ongoing conflict in Ukraine. Among the changes: SDN designations of additional persons, entities and vessels, ban on new investment...more
Expanded Sanctions Authority -
As part of the sweeping restrictive measures that the United States has issued in response to the conflict in Ukraine, on March 31, 2022, the U.S. Department of Treasury’s Office of Foreign...more
4/4/2022
/ Belarus ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Executive Orders ,
Export Controls ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
On March 24, 2022, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) updated General License 6 of Executive Order (“EO”) 14024 under the Russia Harmful Foreign Activities Sanctions Regulations....more
On March 23, 2022, the U.S. Trade Representative (USTR) announced the reinstatement of 352 exclusions from the Section 301 tariffs on imported Chinese products in response to public comments solicited in late 2021. The...more
Last week, the United States continued to impose sweeping restrictive measures in response to the conflict in Ukraine, including measures targeting imports of certain Russian energy and “signature” products into the United...more
3/16/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Canada ,
Economic Sanctions ,
EU ,
Executive Orders ,
Export Controls ,
Exports ,
Foreign Relations ,
G7 ,
General Licenses ,
Imports ,
Most-Favored Nations ,
Russia ,
Trade Restrictions ,
UK ,
Ukraine ,
USTR
On March 2, 2022, in response to the increased escalation in Ukraine, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) imposed new export control measures targeting Belarus for its assistance to Russia...more
3/4/2022
/ Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
ECCNs ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
On December 23, 2021, President Biden signed the bipartisan Uyghur Forced Labor Prevention Act (UFLPA or the “Act”), Pub. L. No. 117-78, which will ban the importation of all goods sourced from the People’s Republic of...more
1/7/2022
/ Biden Administration ,
China ,
Customs and Border Protection ,
Due Diligence ,
Forced Labor ,
Human Rights ,
Importers ,
Imports ,
New Legislation ,
Supply Chain ,
Tariff Act of 1930 ,
Trade Restrictions ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
Uyghur Forced Labor Prevention Act (UFLPA) ,
Withhold Release Orders (WROs)
In addition to compliance considerations under US sanctions associated with activities of U.S. persons, companies should also ensure that their compliance programs take into account the expansion under U.S. export controls of...more
12/13/2021
/ Burma ,
Cambodia ,
Chemical Weapons ,
Chief Compliance Officers ,
China ,
Compliance ,
Defense Sector ,
Export Administration Regulations (EAR) ,
Export Controls ,
Military End Use ,
National Security ,
Nuclear Weapons ,
Prohibited Transactions ,
Russia ,
U.S. Commerce Department ,
Venezuela
On September 27, 2021, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of Treasury announced a $1,423,766 settlement with Houston-based supplier, Cameron International Corporation (“Cameron”) to resolve...more
11/9/2021
/ Compliance ,
Corporate Counsel ,
Economic Sanctions ,
Enforcement Actions ,
Executive Orders ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanction Violations ,
SDN List ,
Settlement Negotiations ,
Ukraine
Beginning Tuesday, October 12, 2021, the U.S. Trade Representative (USTR) will accept public comments on whether to reinstate expired Chinese product exclusions from the Section 301 tariffs that had previously been extended....more
10/12/2021
/ Biden Administration ,
China ,
Exclusions ,
Imports ,
Public Comment ,
Public Hearing ,
Section 301 ,
Tariffs ,
Trade Relations ,
US Trade Policies ,
USTR
Effective September 7, 2021, the U.S. government imposed a second round of sanctions on Russia in connection with its determination that the Russian Federation violated the Chemical Weapons Convention based on the attack on...more
U.S. and multinational companies with business involving China should be on the alert given recent changes in U.S. export controls and sanctions. During the months of June and July this year, the U.S. government has taken...more
9/2/2021
/ Biden Administration ,
China ,
Compliance ,
Economic Sanctions ,
Executive Orders ,
Export Controls ,
Hong Kong ,
Multinationals ,
National Security ,
SDN List ,
Supply Chain ,
Trump Administration
On July 13, 2021, the US Department of State, US Department of the Treasury, US Department of Commerce, US Department of Homeland Security, Office of the United States Trade Representative, and US Department of Labor issued...more
8/13/2021
/ China ,
Department of Homeland Security (DHS) ,
Department of Labor (DOL) ,
Due Diligence ,
Economic Sanctions ,
EU ,
European Commission ,
Forced Labor ,
Guidance Update ,
Human Rights ,
New Guidance ,
Supply Chain ,
Surveillance ,
U.S. Commerce Department ,
U.S. Treasury ,
US State Departments ,
USTR
On June 7, 2021, US Department of Commerce, Bureau of Industry and Security (“BIS”) amended its Antiboycott provisions in Part 760 of the Export Administration Regulations (“EAR”) easing reporting requirements and business...more
On April 29, 2021, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of Treasury, and the Bureau of Industry and Security (“BIS”) of the U.S. Department of Commerce announced settlements with German...more
5/26/2021
/ Attorney General ,
Bureau of Industry and Security (BIS) ,
Civil Monetary Penalty ,
Compliance ,
Corporate Counsel ,
Data Blocking ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Geo-Blocking ,
Geolocation ,
Germany ,
Iran ,
Iran Sanctions ,
ITAR ,
ITSR ,
Office of Foreign Assets Control (OFAC) ,
SAP SE ,
Settlement ,
Technology Sector ,
U.S. Treasury
In response to a variety of activities allegedly undertaken by Russia, the U.S. Government has imposed a series of additional sanctions and export control measures since early March. Collectively, the March and April...more
4/30/2021
/ Biden Administration ,
CAATSA ,
Defense Sector ,
Economic Sanctions ,
Entity List ,
Executive Orders ,
Export Controls ,
Intelligence Services ,
ITAR ,
Office of Foreign Assets Control (OFAC) ,
Publicly-Traded Companies ,
Reporting Requirements ,
Russia ,
SDN List ,
US State Departments
Building on the export controls and sanctions measures already imposed by the U.S. government in February in response to the military coup in Burma, the Bureau of Industry and Security (“BIS”) imposed additional export...more
Adding to the challenges of implementing the expanded military end use/end user rule in Part 744.21 of the Export Administration Regulations (“EAR”), restrictions on transactions involving military-intelligence end uses and...more
On February 11, 2021, President Biden issued Executive Order 14014 “Blocking Property with Respect to the Situation in Burma.” As of now, these new sanctions are tailored to target the actors engaged in disrupting the...more
On February 2, 2021, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce announced a settlement with Princeton University to resolve alleged violations of the Export Administration Regulations (EAR)...more