Precedent-Setting Investment Restrictions – On January 2, 2025, the U.S. will start restricting foreign investments by U.S. persons in certain national security technologies. The Outbound Investment Rule and associated...more
12/13/2024
/ Artificial Intelligence ,
Automation Systems ,
China ,
Debt Financing ,
Dual Use Goods ,
Due Diligence ,
Foreign Entities ,
Foreign Investment ,
Hong Kong ,
Joint Venture ,
Macau ,
National Security ,
New Regulations ,
Outbound Transactions ,
Penalties ,
Prohibited Transactions ,
Semiconductors ,
Technology Sector ,
U.S. Treasury
A Changed Regulatory Environment – Companies who think that U.S. export controls and sanctions do not apply to their products and channels of trade should reassess that position. As an example, approximately US$1.1 billion in...more
10/1/2024
/ Banks ,
Compliance ,
Cryptocurrency ,
Economic Sanctions ,
Enforcement ,
Export Controls ,
Financial Institutions ,
Foreign Investment ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Payment Processors ,
Regulatory Agenda
If you have been doing business with entities in the European Union, chances are that you have struggled to figure out how to transfer data from the EU to the US without running afoul of the General Data Protection Regulation...more
10/11/2023
/ Data Protection ,
EU ,
European Economic Area (EEA) ,
Federal Trade Commission (FTC) ,
Framework Agreement ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Noncompliance ,
Popular ,
U.S. Commerce Department ,
US-EU Safe Harbor Framework
On August 14, 2023, pursuant to a Presidential executive order issued several days earlier, the U.S. Department of the Treasury released an Advance Notice of Proposed Rulemaking (the Proposed Rulemaking) announcing a ban on...more