News & Analysis as of

Burma

White & Case LLP

EU reinforces human rights-related sanctions against Burma/Myanmar

by White & Case LLP on

The EU has extended existing sanctions against Burma/Myanmar, while adding new embargo measures in response to alleged human rights violations against Rohingya and other minorities. Also, there is now a framework enabling...more

Sullivan & Worcester

May, June and July Developments

by Sullivan & Worcester on

With a straight face, President Trump has issued an executive order on June 20th that would expand Apprenticeship opportunities in the US in order to expand jobs. The CFTC has adopted some final rules on records...more

Shearman & Sterling LLP

Sanctions Round Up: Fourth Quarter 2016 and President Donald J. Trump

by Shearman & Sterling LLP on

On November 8, 2016, Donald John Trump was elected the 45th President of the United States. Following fiery criticism of the Obama Administration’s sanctions policies, including the Iran deal, the lifting of substantial parts...more

King & Spalding

Sanctions Update: Burma, Cuba, and Iran

by King & Spalding on

Over the past month, substantial changes were made to several sanctions programs affecting Burma, Cuba, and Iran by President Obama and the Department of Treasury Office of Foreign Assets Control (OFAC)....more

Shearman & Sterling LLP

Sanctions Roundup: Third Quarter 2016 and Executive Order on Burmese Sanctions

by Shearman & Sterling LLP on

OFAC, acting under the direction of President Obama’s Executive Orders, has lifted the economic and financial sanctions against Burma and Côte D’Ivoire. The revisions open these countries, and their financial markets, to...more

Katten Muchin Rosenman LLP

US Sanctions Against Burma Lifted on October 7 With President's Executive Order

by Katten Muchin Rosenman LLP on

On Friday, October 7, 2016, President Obama delivered on a promise that he had made in September by signing an executive order terminating the economic and financial sanctions program on the country of Burma (Myanmar). The...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - October 2016

ANTICORRUPTION DEVELOPMENTS – DOJ Issues First-Ever Declinations Requiring Disgorgement of Profits to Resolve FCPA Violations - On September 29, 2016, the Department of Justice (DOJ) for the first time announced...more

Dentons

US lifts remaining sanctions on Burma

by Dentons on

On October 7, 2016, the US Treasury Department's Office of Foreign Assets Control (OFAC) announced the termination of all remaining financial and trade sanctions against Burma (aka Myanmar). The removal of sanctions followed...more

White & Case LLP

US Terminates Burma Sanctions Program, Accompanied by Limited FinCEN Relief

by White & Case LLP on

On October 7, 2016, President Obama signed an Executive Order terminating the national emergency with respect to Burma (Myanmar), revoking the Burma sanctions Executive Orders, and waiving other statutory blocking and...more

Skadden, Arps, Slate, Meagher & Flom LLP

After Nearly 20 Years, US Lifts Burma Sanctions

After nearly two decades, the United States has formally ended economic sanctions on Burma (Myanmar). Citing substantial efforts undertaken to promote democracy, President Barack Obama issued an executive order, on October 7,...more

Akin Gump Strauss Hauer & Feld LLP

Burma Sanctions Lifted—Political and Reputational Risks Remain

If you read one thing… - On October 7, 2016, President Obama issued an Executive Order that effectively eliminates sanctions against Myanmar (referred to as Burma by the White House) and removes the sanctions...more

Michael Volkov

President Obama Pledges to Lift Myanmar Sanctions

by Michael Volkov on

On September 14, 2016, President Obama met with Myanmar’s leader, State Counsellor Daw Aung Suu Kyi, at the White House and announced the United States’ intent to remove economic sanctions against Myanmar (formerly known as...more

Arnall Golden Gregory LLP

Burma Sanctions Regulations to be Terminated

by Arnall Golden Gregory LLP on

On September 14, 2016, the President announced his intention to terminate the national emergency with respect to Burma, the effect of which will be to end the current U.S. sanctions program against that country as overseen by...more

Foley Hoag LLP - Corporate Social...

Five on Friday – Five Recent Developments that We’ve Been Watching Closely

It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring. This week’s post includes: an announcement by the International Criminal Court regarding the...more

Cozen O'Connor

The White House Announces an End to Sanctions Against Myanmar

by Cozen O'Connor on

After nearly 20 years, the U.S. will lift economic sanctions against Myanmar (known as Burma until 1989). President Obama made this announcement on September 14, 2016 after meeting with the country’s de facto leader Aung San...more

Foley Hoag LLP - Corporate Social...

Five on Friday – Five Recent Developments that We’ve Been Watching Closely: July 2016

It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring. This week’s post includes: a new lawsuit aimed at combating human trafficking in corporate...more

Michael Volkov

Sanctions Updates: Iran, Myanmar (Burma) and Cuba

by Michael Volkov on

With the rise of OFAC Sanctions enforcement and compliance issues, companies have to devote significant resources to following changes in OFAC Sanctions. Over the last few years, the US government has significantly altered...more

King & Spalding

Trade & Manufacturing - June 2016

by King & Spalding on

President Obama Signs American Manufacturing Competitiveness Act of 2016 - On May 20, President Obama signed the American Manufacturing Competitiveness Act of 2016 into law (the Act). The Act restores the ability of the...more

King & Spalding

U.S. Issues Burma General Licenses

by King & Spalding on

In May, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Burmese Sanction Regulations, and the U.S. Department of State (State) proposed revisions to the Burma Responsible...more

Skadden, Arps, Slate, Meagher & Flom LLP

"US Further Eases Burma Sanctions"

In response to Burma’s peaceful and competitive elections in November 2015, on May 18, 2016, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) further eased U.S. sanctions against Burma (Myanmar). These...more

Bryan Cave Leighton Paisner

Burma Sanctions Continue to Sunset (IRB No. 553)

by Bryan Cave Leighton Paisner on

On May 17, 2016, the Office of Foreign Assets Control ("OFAC") amended the Burmese Sanctions Regulations to broaden the scope of permissible trade with Burma. The Burma regulations, which have been amended piecemeal rather...more

White & Case LLP

US Further Liberalizes Burma Sanctions

by White & Case LLP on

On May 17, 2016, the US Department of Treasury's Office of Foreign Assets Control (OFAC) further eased the sanctions on Burma by issuing and expanding general licenses and removing certain parties from the Specially...more

Dechert LLP

United States Further Eases Economic Sanctions on Burma/Myanmar

by Dechert LLP on

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) eased certain sanctions against Burma/Myanmar on May 17, 2016, including by allowing most transactions involving Burmese financial institutions....more

McDermott Will & Emery

Overview of US and EU Trade Sanctions

by McDermott Will & Emery on

Overview of US and EU Trade Sanctions - Following is a summary of the current US and EU sanctions that restrict trade with and/or investment in certain countries, “Specially Designated Nationals” (SDNs) and “Blocked...more

Cozen O'Connor

New OFAC General License Will Facilitate Trade with Burma

by Cozen O'Connor on

A new general license issued by the Department of the Treasury’s Office of Foreign Assets Control (OFAC) will make it easier to transport goods between the United States and Burma....more

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