News & Analysis as of

Office of Foreign Assets Control (OFAC) China Defense Sector

Dechert LLP

DoD's List of “Chinese Military Companies”: What's New and What It Means for You

Dechert LLP on

The U.S. Department of Defense (“DoD”) updated its list of “Chinese military companies” operating “directly or indirectly” in the United States on January 31, 2024, adding 17 new entities and removing three. The list was...more

Dechert LLP

OFAC Interim Regulations Targeting Chinese Military Companies Have Limited Current Impact

Dechert LLP on

On February 15, 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) published an initial set of regulations to implement sanctions targeting investments in Chinese Military-Industrial Complex...more

Miller Canfield

Biden Executive Order Strengthens and Expands U.S. Sanctions on Chinese Military Companies

Miller Canfield on

President Biden has signed an Executive Order effective August 2, 2021, affirming and expanding U.S. policy restricting the purchase and sale of publicly traded securities of listed Chinese companies with a nexus to China's...more

Morgan Lewis

New Executive Order Carries Forward, Expands Chinese Military Company Sanctions

Morgan Lewis on

The new executive order continues the policy of prohibiting US persons’ transactions in the publicly traded securities of select Chinese companies, but expands the scope to include both Chinese companies that operate or have...more

Holland & Knight LLP

U.S. Removes Xiaomi from List of Banned Chinese Companies

Holland & Knight LLP on

The U.S. government officially removed Chinese smartphone maker Xiaomi Corp. from its blacklist, ending the Trump-era ban prohibiting Americans from investing in the company. In their joint filing in the U.S. District Court...more

Miller Canfield

Recent Developments on U.S. Ban on American Investment in Chinese Military Companies

Miller Canfield on

This alert addresses recent developments relating to former President Trump's executive orders on Chinese Military Companies that affect both investors in covered securities and exporters. OFAC's Frequent Asked Questions -...more

Morgan Lewis

Update on EO 13959 Prohibiting Transactions in Securities of Chinese Military Companies

Morgan Lewis on

President Trump’s Executive Order Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (EO 13959) prohibits transactions by or on behalf of US persons in publicly traded...more

Dechert LLP

OFAC Issues Guidance Indicating Aggressive Interpretation of China Military Company Sanctions

Dechert LLP on

On December 28, 2020, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) released guidance on the implementation of sanctions targeting securities of Communist Chinese military companies (“CCMCs”) imposed...more

WilmerHale

OFAC Issues Guidance on Sanctioned Chinese Military Companies

WilmerHale on

On December 28, 2020, the Department of the Treasury Office of Foreign Assets Control (OFAC) published awaited guidance on the implementation of Executive Order (EO) 13959, “Executive Order on Addressing the Threat from...more

Stinson - Government Contracting Matters

EO Addressing Threat from Securities Investments in Chinese Military Companies

As a preface to this blog, I recently gave a presentation with Nate Picarsic and Emily de la Bruyere at the American Bar Association Public Contract Law Section Fall Procurement Symposium on “China’s Military-Civil Fusion...more

K2 Integrity

Policy Alert: United States Prohibits Investment in Chinese Companies with Military Ties

K2 Integrity on

On November 12, 2020, President Trump issued an Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the “Investment EO” or the “EO”).1 The Investment EO may...more

Dorsey & Whitney LLP

Trump Administration Bars U.S. Investments in Certain Chinese Companies Linked to Chinese Military

Dorsey & Whitney LLP on

On November 12, 2020, President Trump issued Executive Order 139591 (“the Order”) that will shortly bar any U.S. person from “any transaction in publicly traded securities, or any securities that are derivative of, or are...more

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