The key issues PE deal teams are facing amidst rapidly changing global sanctions and guidance.
Russia’s recent invasion of Ukraine has created new headwinds for PE firms, as a matrix of sanctions and export controls pose...more
The new measures against Russia’s ally largely parallel the UK’s sanctions against Russia itself.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with Latham’s...more
The measures prohibit gold imports and add new SDN, Entity List, and asset freeze designations.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more
7/5/2022
/ Asset Freeze ,
Belarus ,
Belarus Sanctions ,
Biden Administration ,
Economic Sanctions ,
Export Controls ,
General Licenses ,
Japan ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Trade Restrictions ,
UK ,
Ukraine
OFAC has also extended certain general licenses, while BIS has continued to restrict exports to Russia.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the...more
The UK’s financial sanctions regulator has released new guidance in light of its additional powers to police sanctions breaches.
This Client Alert is published in the context of ongoing developments and should be read in...more
New announcements and rules expand the scope of existing sanctions and export controls on Russia and Belarus.
This Client Alert summarises the latest sanctions and trade restrictions that have been imposed, or are under...more
New rules and announcements expand existing sanctions and export controls relating to Russia.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more
5/16/2022
/ Biden Administration ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
UK ,
Ukraine
New rules significantly expand the scope of existing sanctions and export controls on Russia.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more
4/13/2022
/ Asset Freeze ,
Belarus ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Crimes ,
Foreign Investment ,
General Licenses ,
Japan ,
Russia ,
Trade Relations ,
Trade Restrictions ,
UK ,
Ukraine
New sanctions prohibit Russian energy product imports, investments in Russia’s energy sector, and dealings with dozens more Russia-related parties, and impose broader trade restrictions.
This Client Alert is published in...more
3/14/2022
/ Biden Administration ,
Economic Sanctions ,
Energy Sector ,
Entity List ,
Executive Orders ,
Foreign Relations ,
General Licenses ,
Imports ,
Russia ,
SDN List ,
Trade Restrictions ,
Ukraine
New rules significantly expand the scope of existing sanctions on Russia and impose extensive new export controls.
This Client Alert is published in the context of fast-moving developments and should be read in...more
New rules significantly expand the scope of existing Ukraine- and Russia-related sanctions and impose stringent export controls on Russia.
This Client Alert is published in the context of fast-moving developments....more
2/25/2022
/ Belarus ,
Biden Administration ,
Blocked Person ,
Economic Sanctions ,
EU ,
Financial Institutions ,
Foreign Policy ,
Foreign Relations ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Pipelines ,
Russia ,
SDN List ,
Ukraine
The court explains how the controversial EU law operates to bar EU persons from complying with US sanctions on Iran and Cuba.
On 21 December 2021, the Court of Justice of the European Union (CJEU) released its long-awaited...more
The UFLPA aims to clamp down on the import of items produced by alleged forced labor in and relating to the XUAR.
On 16 December 2021, the US Senate unanimously passed the Uyghur Forced Labor Prevention Act (UFLPA),...more
12/21/2021
/ China ,
Customs and Border Protection ,
Disclosure Requirements ,
Forced Labor ,
Human Rights ,
Imports ,
Pending Legislation ,
Rebuttable Presumptions ,
Strategic Enforcement Plan ,
Supply Chain ,
Tariff Act of 1930 ,
Uyghur Forced Labor Prevention Act (UFLPA)
With the new administration poised to take office, public and private companies will need to consider how President Biden’s regulatory, enforcement, and legislative priorities will affect their businesses. During this...more
2/17/2021
/ Administrative Law Judge (ALJ) ,
Antitrust Provisions ,
Biden Administration ,
Broadband ,
CFIUS ,
Climate Change ,
Commodities ,
Congressional Oversight ,
Cybersecurity ,
Data Privacy ,
Energy Policy ,
Energy Sector ,
Environmental Policies ,
FCC ,
Health Care Providers ,
Investigations ,
Legislative Agendas ,
Life Sciences ,
Net Neutrality ,
Regulatory Agenda ,
Sanctions ,
Securities Regulation ,
White Collar Crimes
The new rules are set to go in effect when the UK leaves the European Union on 31 December at 11 p.m. GMT.
The United Kingdom’s transition period for withdrawing from the European Union is scheduled to end on 31 December...more
The UK imposes travel bans and financial sanctions on eight Belarusian officials - including Belarus’ President.
On 29 September 2020, the United Kingdom imposed sanctions on eight Belarusian officials it considers to have...more
Supply chain, end use, and human rights–related sanctions, export controls, and Entity List designations target public and private entities in China.
Human rights–related designations -
The US government has...more
The regulations will enable the UK government to sanction persons “involved” in human rights abuses — potentially anywhere in the world.
On 6 July 2020, the UK Foreign Secretary announced the introduction of the Global...more
CFIUS continued to have a busy year in 2018, and CFIUS reveals first available data about the declaration process under the new Pilot Program.
On May 16, 2020, the Committee on Foreign Investment in the United States...more
The new filing fees can be as high as $300,000 for covered transactions valued at $750 million or more.
On April 27, 2020, the US Treasury Department announced in an interim rule with request for comments that the Committee...more
The penalty reflects the increasingly active approach in the UK to the enforcement of sanctions breaches.
The UK’s financial sanctions regulator, HM Treasury’s Office of Financial Sanctions Implementation (OFSI), has...more
The Final Rules clarify requirements for foreign investments, including those transactions subject to CFIUS review and filing.
On February 13, 2020, two Final Rules published by the US Treasury Department implementing...more
3/3/2020
/ CFIUS ,
Critical Infrastructure Sectors ,
Emerging Technology Companies ,
Final Rules ,
Foreign Direct Investment ,
Foreign Investment ,
Investment Funds ,
Investors ,
Jurisdiction ,
Technology Sector ,
U.S. Treasury
Under the final regulations, CFIUS filings for certain transactions will be required, and CFIUS will have broader jurisdiction to review certain foreign investments.
On January 13, 2020, the US Treasury Department published...more
1/22/2020
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Australia ,
Bureau of Industry and Security (BIS) ,
Canada ,
CFIUS ,
Corporate Counsel ,
Critical Infrastructure Sectors ,
Federal Pilot Programs ,
Final Rules ,
FIRRMA ,
Foreign Investment ,
Jurisdiction ,
NAICS ,
National Security ,
Private Equity ,
Real Estate Transactions ,
U.S. Commerce Department ,
UK
This guide summarizes certain considerations for a non-US acquirer considering an acquisition of a publicly traded US-based company in a negotiated (i.e., friendly) transaction.
In addition to market dynamics and business...more
1/14/2020
/ Acquisition Agreements ,
Acquisitions ,
CFIUS ,
Complex Corporate Transactions ,
Corporate Financing ,
Due Diligence ,
Hart-Scott-Rodino Act ,
Hostile Takeover ,
Mergers ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Risk Management ,
Shareholder Approval ,
Shareholder Litigation ,
Shareholders ,
Strategic Planning ,
Target Company
The revised policy both clarifies and expands DOJ’s prior disclosure guidance.
On December 13, 2019, the United States Department of Justice (DOJ) revised its policy regarding voluntary self-disclosures (VSDs) of...more