In October, the U.S. Commerce Department unveiled new rules to tighten further a sweeping set of export controls first introduced a year previously, reducing the types of semiconductor manufacturing equipment and advanced...more
8/13/2024
/ CFIUS ,
China ,
Cloud Computing ,
Export Controls ,
Iran ,
Macau ,
Manufacturers ,
Proposed Regulation ,
Russia ,
Sanctions ,
Semiconductors ,
Technology Sector ,
Trade Restrictions ,
U.S. Commerce Department
On June 12, 2024, the U.S. Department of Treasury (Treasury), U.S. Department of State (State), and U.S. Department of Commerce (Commerce) announced another round of sanctions and export controls targeting Russia. In this...more
6/25/2024
/ Blocking Sanctions ,
Cloud Computing ,
Economic Sanctions ,
Entity List ,
Export Controls ,
Financial Institutions ,
Information Technology ,
Russia ,
Sanctions ,
Software ,
Technology Sector ,
U.S. Commerce Department ,
U.S. Treasury ,
US Department of State
On February 23, 2024, marking the two-year anniversary of Russia’s invasion of Ukraine, the U.S. Departments of Commerce, State, and Treasury announced new U.S. sanctions and export controls targeting Russia. In addition, the...more
In 2023, the biggest question on clients’ minds was the ramping up of U.S. export controls targeting semiconductors and advanced computing.
In October, the U.S. Commerce Department unveiled new rules to tighten further a...more
2/28/2024
/ Arms Embargo ,
CFIUS ,
China ,
Economic Sanctions ,
Export Controls ,
Exports ,
Iran ,
Manufacturers ,
New Rules ,
Russia ,
Semiconductors ,
Technology Sector ,
Trade Restrictions ,
U.S. Commerce Department
On October 18, 2023, the United States announced the suspension of certain sanctions related to Venezuela through the issuance of new and revised general licenses.
The Office of Foreign Assets Control (OFAC) of the U.S....more
The U.S. federal government is facing a possible shutdown beginning this Sunday, October 1, 2023. Congress has until September 30, which marks the end of the fiscal year, to enact appropriations for government agencies and...more
10/2/2023
/ Acquisitions ,
Antitrust Division ,
CFIUS ,
Department of Justice (DOJ) ,
Federal Trade Commission (FTC) ,
Filing Deadlines ,
Foreign Investment ,
Funding ,
Government Shutdown ,
Investment ,
Merger Controls ,
Mergers ,
U.S. Treasury
On August 9, 2023, the Biden Administration issued a long-awaited Executive Order (the EO) that is intended to address the potential national security threats posed by outbound investment from the United States to certain...more
8/11/2023
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Biden Administration ,
China ,
Cybersecurity ,
Executive Orders ,
Foreign Investment ,
National Security ,
Outbound Transactions ,
Public Comment ,
Supply Chain ,
Technology Sector ,
U.S. Commerce Department ,
U.S. Treasury
On April 4, 2023 the United States imposed sanctions on two Lebanese businessmen, brothers Raymond Zina Rahme and Teddy Zina Rahme (the Rahme Brothers), and three of their owned companies, ZR Energy DMCC, ZR Group SAL...more
Economic sanctions are becoming increasingly complex worldwide. This article provides an overview of the current global sanctions landscape and key issues companies face in ensuring compliance....more
In January 2023, the United States imposed sanctions on key figures in the Paraguayan economy. The impact of these sanctions are significant and will directly or indirectly impact most Paraguayan financial institutions and...more
In January 2023, the Netherlands and Japan agreed with the United States to impose controls on the export of certain semiconductors and related products to China. This followed a push by the Biden Administration to ensure...more
On February 24, 2023, the one-year anniversary of Russia’s invasion of Ukraine, the United States, in coordination with its G7 partners and other allies, announced a series of additional sanctions and export controls...more
Since Russia’s invasion of Ukraine in February 2022, the United States has, in response, imposed unprecedented sanctions and export controls targeting Russia: President Biden has signed numerous new Executive Orders, the U.S....more
12/5/2022
/ Bureau of Industry and Security (BIS) ,
Commerce Control List ,
ECCNs ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
Luxury Goods ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List
President Biden recently issued “formal Presidential direction” on the risks that the United States will consider when evaluating in-bound foreign investment....more
On June 6, the Biden Administration announced a two-year duty exemption for solar products from Cambodia, Malaysia, Thailand, and Vietnam (together, CMTV), as well as authorization for the use of the Defense Production Act to...more
On February 21, 2022, President Biden issued an Executive Order (Feb 21 EO) in response to Russia’s recognition of the “Donetsk People’s Republic” (DNR) and “Luhansk People’s Republic” (LNR) as independent states, finding...more
On February 22, 2022, the U.S. imposed additional sanctions targeting the Russian Federation in response to Russia’s recognition of the “Donetsk People’s Republic” (DNR) and “Luhansk People’s Republic” (LNR) as independent...more
The Biden administration has issued new sanctions on Russian individuals and entities as well as prohibitions on US financial institutions' transactions with Russia's Central Bank, National Wealth Fund, and Ministry of...more
Following the military coup in Myanmar on February 1, 2021, the U.S., UK and EU have imposed a range of sanctions targeting individuals and entities affiliated with the Burmese military....more
INTRODUCTION -
This week, new regulations promulgated by the U.S. Department of the Treasury (the Treasury) went into effect to finalize and comprehensively implement the Foreign Investment Risk Review Modernization Act of...more
On Aug. 13, 2018, Congress expanded the authority of the U.S. Treasury Department’s Committee on Foreign Investment in the United States (CFIUS) to review certain transactions resulting in non-US control of US assets,...more
On August 13, 2018, President Donald Trump expanded the powers of the Committee on Foreign Investment in the United States (CFIUS) to review foreign investments in the United States by signing into law the Foreign Investment...more
The Trump administration recently re-certified that Iran is in compliance with the Joint Comprehensive Plan of Action (JCPOA, otherwise known as the “Iran Deal”), thereby extending the sanctions relief afforded to Iran...more
On February 3, 2017, the U.S. Office of Foreign Assets Control (OFAC) added 25 persons to its List of Specially Designated Nationals and Blocked Persons (the SDN List, and every person thereon, an SDN) as a result of their...more
In its first public statement since the inauguration, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) announced on February 2, 2017, that it had authorized limited dealings with the Federal Security...more