On September 19, 2020, China took a new strategic position in its ongoing trade confrontation with the United States. The Ministry of Commerce of the PRC (“MOFCOM”) issued Regulations on Unreliable Entity List (“UEL”) and drew wide public attention to the beginning of the PRC government’s retaliation against the Trump Administration’s recent restrictions on Chinese … Continue Reading
Search Results for: sanctions
The U.S. Government Investigates U.S. Universities Participating in the “Confucius Institutes” Program
Posted in UncategorizedIn July, the U.S. Department of Education Notices of Investigation to four U.S. universities seeking information on the “Confucius Institutes” operating on their campuses. The investigations center on provisions of the Higher Education Act requiring reporting of certain foreign gifts. But the investigations are part of a larger U.S. national security initiative to address foreign … Continue Reading
How to Steal $10 Billion from Europe
Europe has come up with a nifty plan to help Iran buy and sell stuff outside the reach of U.S. sanctions. The problem is that the plan is a fraud magnet. How do we know? It’s been tried before, and the fraud was epic. The plan is known as the “Instrument in Support of Trade … Continue Reading
INTERNATIONAL TECH INVESTMENT ISSUE – Threats to Technology Investment from Global Politics: How to Succeed as Borders Tighten
Posted in CFIUSOver the past year, the impact of international political risks on the global tech industry has been unprecedented.” – Tung Tzu-hsien, Chairman of iPhone’s Chinese assembly company, Pegatron Technology investment is getting harder. A few years ago, strategic and private equity technology acquisitions, multinational joint venture creation, and cross-border R&D collaboration were not only relatively straightforward, … Continue Reading
The New Suits of Havana: How Non-U.S. Companies May Soon Be Sued for Their Business in Cuba
Posted in SanctionsPicture your company being hauled into U.S. court to defend litigation for your Cuba business that is lawful in your home country. That is the scenario that the Trump administration and Cuba hawks in Congress are aiming to arrange. The Trump administration is preparing to part the practice of past presidents to allow U.S. persons … Continue Reading
New Year Sanctions Roundup: Where Do We Stand?
Posted in SanctionsHappy new year everyone. The government is shut down, but there has already been a flurry of activity in 2019 on the economic sanctions and embargoes front. Here is a summary of where we stand on various sanctions regimes. Russia. On January 10, 2019, the Trump administration defended its decision to ease U.S. sanctions against … Continue Reading
CLIENT ALERT: Iran Sanctions Are Back On: Can Business Continue?
Posted in SanctionsThe Prohibitions On May 8, 2018, the United States withdrew from the Joint Comprehensive Plan of Action and reimposed all pre-JCPOA sanctions against Iran. We provide a detailed discussion of the reimposition in our article linked here (and linked here is our prediction, a year earlier, that it would happen). After a prescribed wind-down period, … Continue Reading
The Latest U.S. Sanctions on Russia
Posted in SanctionsA double agent. Nerve gas. Violations of international law. The recently imposed sanctions on Russia have all the makings of a James Bond movie but, unfortunately, those sanctions may cause some less-than-entertaining headaches for your business. Why These Sanctions On August 8, the U.S. State Department notified Congress it would impose new sanctions on Russia … Continue Reading
Stuck in the Middle With You: EU Blocking Statutes, Iran Sanctions, and the Thousands of Businesses Caught In Between
Posted in SanctionsImagine telling your company’s Board of Directors that the company will have to knowingly violate the law. Further, you might note, the American Law Institute’s Principles of Corporate Governance state that, with very limited exceptions, a director who knowingly causes the corporation to disobey the law violates his duty of care. The protections of the … Continue Reading
5 Weird Things About the Trump Trade Agenda: Disruptive Innovation On a Global Scale
Posted in Free Trade Agreements (FTA)We’ll give him this: President Trump has an ambitious trade agenda. This fire has many irons in it, and some of them are getting hot. Here at the Global Trade Law Blog, we’ve been following trade law for approximately 250 years and we’ve never seen anything like it in breadth or scale. The administration asks … Continue Reading
