The U.S. Office of Foreign Assets Control (OFAC) on Sept. 25, 2019, designated COSCO Shipping Tanker (Dalian) Co. Ltd. (COSCO Dalian), Kunlun Shipping Company Ltd., and certain other entities and individuals as Specially...more
10/8/2019
/ China ,
Controlled Foreign Corporations ,
Economic Sanctions ,
Executive Orders ,
Exports ,
Iran Sanctions ,
Maritime Transport ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Petroleum ,
Risk Mitigation ,
Safe Harbors ,
SDN List ,
Secondary Sanctions ,
Trump Administration ,
Vessels
• President Donald Trump saying at the recent G20 Summit in Japan that American companies could keep selling products to Huawei Technologies Co. Ltd. (Huawei) was another installment in the drama surrounding the Chinese tech...more
7/17/2019
/ Bureau of Industry and Security (BIS) ,
China ,
Entity List ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Exports ,
Foreign Adversaries ,
Foreign Policy ,
General Licenses ,
Huawei ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Sanction Violations ,
Technology Sector ,
Telecommunications ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
U.S. Commerce Department ,
US Trade Policies
• The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce's Bureau of Industry and Securities (BIS) announced changes to the Cuban Assets Control Regulations (CACR)...more
6/6/2019
/ Aircraft ,
Airline Passengers ,
Bureau of Industry and Security (BIS) ,
Cuba ,
Cuban Assets Control Regulations (CACR) ,
Export Administration Regulations (EAR) ,
Federal Aviation Administration (FAA) ,
Foreign Relations ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
p2p ,
Sanctions ,
Trump Administration ,
Vessels
• Effective May 2, 2019, the Trump Administration will not continue the waiver against lawsuits under Title III of the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996, also known as the Helms-Burton Act.
•...more
4/26/2019
/ Civil Liability ,
Cuba ,
Extraterritoriality Rules ,
Foreign Nationals ,
International Travel ,
Office of Foreign Assets Control (OFAC) ,
Personal Jurisdiction ,
Trafficking ,
Trump Administration ,
US State Departments ,
WTO
• Family offices are increasingly involved in structuring and managing the ownership or use of private aircrafts for business and personal travel.
• The optimal structure will vary depending on a number of factors,...more
3/14/2019
/ Aircraft ,
Aircraft Equipment ,
Aviation Industry ,
Excise Tax ,
Family Offices ,
Federal Aviation Administration (FAA) ,
Personal Property ,
Property Tax ,
State and Local Government ,
Succession Planning ,
Tax Liability ,
Tax Planning ,
Timeshare Arrangement
• National Security Advisor Ambassador John Bolton issued a statement threatening sanctions against non-U.S. banks for facilitating illegitimate transactions with certain Venezuelan individuals and entities.
• This...more
3/14/2019
/ Banking Sector ,
Blocked Entities ,
Cross-Border Transactions ,
Economic Sanctions ,
Executive Orders ,
Foreign Financial Institutions (FFI) ,
Foreign Relations ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Secondary Sanctions ,
Venezuela
• The Trump Administration is allowing U.S. nationals to pursue civil actions against certain Cuban entities under Title III of the Helms-Burton Act (Libertad Act) for trafficking in property confiscated by the Cuban...more
• The U.S. Trade Representative (USTR), pursuant to Section 131 of the Trade Act of 1974, has requested the U.S. International Trade Commission (Commission) to obtain public comment pertaining to the possibility of a...more
2/27/2019
/ Agricultural Sector ,
Bilateral Agreements ,
Comment Period ,
Duty Free ,
EU ,
Government Shutdown ,
Imports ,
International Trade Commission (ITC) ,
Public Comment ,
Public Hearing ,
Rulemaking Process ,
Time Extensions ,
Trade Act of 1974 ,
Trade Agreements ,
Trade Relations ,
UK ,
UK Brexit ,
USTR
• The U.S. Department of the Treasury's (Treasury) Office of Foreign Assets Control (OFAC) has designated five officials affiliated with the regime of Nicolas Maduro pursuant to Executive Order 13850 (E.O. 13850), including...more
• The White House has issued a new Executive Order designed to promote the use of American-made products in all infrastructure projects receiving federal funding, another step in the Trump Administration's Buy American...more
2/7/2019
/ Aluminum Sales ,
Berry Amendment ,
Buy American Act ,
Construction Industry ,
Construction Project ,
Executive Orders ,
Federal Contractors ,
Federal Funding ,
Infrastructure Financing ,
Manufacturers ,
Steel Industry ,
Supply Chain ,
Trade Agreements Act ,
Trump Administration
• Pursuant to Executive Order 13850 (E.O. 13850), the U.S. Department of the Treasury's (Treasury) Office of Foreign Assets Control (OFAC) designated Petroleos de Venezuela, S.A. (PdVSA), effectively blocking PdVSA's property...more
1/31/2019
/ Banking Sector ,
Blocked Person ,
Economic Sanctions ,
Executive Orders ,
Financial Institutions ,
Foreign Policy ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Petroleum ,
SDN List ,
Trump Administration ,
Venezuela
• The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) revoked certain Iran-related "general licenses" that allowed U.S. and U.S.-owned foreign entities to engage in certain transactions and...more
• President Donald Trump has issued a new Executive Order expanding existing sanctions against the government of Venezuela and its instrumentalities, including the state-owned oil company, Petróleos de Venezuela (PdVSA).
...more
On May 8, President Trump announced that the United States is withdrawing from the multilateral nuclear accord with Iran known as the Joint Comprehensive Plan of Action (JCPOA). The U.S. will reimpose sanctions suspended...more
5/11/2018
/ Aircraft Sales ,
Aviation Industry ,
Cross-Border Transactions ,
Economic Sanctions ,
Exports ,
Foreign Banks ,
Foreign Financial Institutions (FFI) ,
Foreign Policy ,
Foreign Relations ,
Foreign Subsidiaries ,
General Licenses ,
Iran ,
Joint Comprehensive Plan of Action (JCPOA) ,
Lessor ,
Manufacturers ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Trump Administration
• The United States is withdrawing from the multilateral nuclear accord with Iran known as the Joint Comprehensive Plan of Action (JCPOA).
• The U.S. sanctions waived by President Barack Obama under the JCPOA will be...more
Holland & Knight invites you to read our Spring 2018 Israel Practice newsletter, in which our authors discuss pertinent American-Israeli topics. As Israel has been a crossroads and a prolific source of new ideas for more than...more
4/4/2018
/ Aircraft ,
Anti-Discrimination Policies ,
Collective Bargaining ,
Commercial Leases ,
Cryptocurrency ,
Employer Liability Issues ,
Employment Contract ,
Employment Policies ,
FATCA ,
Federal Aviation Administration (FAA) ,
Foreign Corrupt Practices Act (FCPA) ,
Fractional Shares ,
Hiring & Firing ,
Intellectual Property Protection ,
International Labor Laws ,
Israel ,
Patent-Eligible Subject Matter ,
Patents ,
Public Policy ,
Transportation Industry ,
Unions
• The U.S. Department of State issued public guidance on sanctions with respect to 39 named entities related to Russia's defense and intelligence sectors. This guidance is issued under Section 231 of the Countering America's...more
11/10/2017
/ Arctic Drilling ,
CAATSA ,
Defense Sector ,
Economic Sanctions ,
Energy Sector ,
Executive Orders ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Russia ,
Secretary of State ,
Secretary of the Treasury ,
Shale Gas ,
SSI List ,
Trump Administration ,
US Department of State
On July 20, 2017, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a $2 million civil monetary penalty against Exxon Mobil Corp., including its U.S. subsidiaries ExxonMobil Development...more
8/3/2017
/ Administrative Procedure Act ,
Arbitrary and Capricious ,
Civil Monetary Penalty ,
Due Process ,
Economic Sanctions ,
Exxon Mobil ,
Fifth Amendment ,
Fines ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Reckless Disregard ,
Russia ,
Sanction Violations ,
SDN List ,
Ukraine
The Trump Administration responded on Feb. 3, 2017, to Iran's latest series of ballistic missile tests by sanctioning certain individuals and companies involved in Iran's efforts to procure ballistic missile technology or...more
Jan. 16, 2016, marked a significant milestone ("Implementation Day") as the International Atomic Energy Agency (IAEA) verified that Iran had fulfilled its nuclear-related obligations under the landmark Joint Comprehensive...more
On July 14, 2015, the U.S., France, China, Russia, United Kingdom, Germany and the European Union (EU) entered into the Joint Comprehensive Plan of Action (JCPOA) with Iran after years of difficult negotiations. Iran agreed...more
7/22/2015
/ China ,
EU Council of Ministers ,
France ,
Human Rights ,
IAEA ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Non-US Entities ,
Nuclear Weapons ,
Obama Administration ,
Offshore Drilling ,
Russia ,
Sanctions ,
SDN List ,
UK ,
UN Security Council
On July 14, 2015, the United States, France, China, Russia, the United Kingdom, Germany and the European Union (EU) entered into the Joint Comprehensive Plan of Action (JCPOA) with Iran after years of difficult negotiations....more
7/16/2015
/ Banking Sector ,
Banks ,
C-Suite Executives ,
China ,
Compliance ,
Corporate Counsel ,
EU ,
Foreign Corporations ,
France ,
IAEA ,
Imports ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Petrochemicals ,
Russia ,
SDN List ,
UK ,
UN Security Council ,
United Nations
Executive Order Relating to the Crimea Region -
On Dec. 19, 2014, in a step coordinated with similar sanctions imposed by the European Union (EU), President Obama issued a new Executive Order targeting the Crimea...more
12/29/2014
/ Banking Sector ,
Barack Obama ,
Crimea ,
Defense Sector ,
Energy Sector ,
Executive Orders ,
Exports ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
Sanctions ,
SDN List ,
UFSA ,
Ukraine
On Dec. 17, 2014, President Obama announced the United States will re-establish normal diplomatic relations with Cuba and that certain economic sanctions will be eased. Notwithstanding the media frenzy implying that the...more
The U.S. Office of Foreign Assets Control (OFAC) issued a fifth round of designations imposing limited sanctions on two Russian banks and two major Russian energy companies. OFAC also designated and blocked the assets of...more