After months of speculation, the US government took steps to regulate outbound investment in specific foreign industries of concern. President Biden on August 9, 2023, issued Executive Order 14105 directing the Department of...more
8/16/2023
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Artificial Intelligence ,
Biden Administration ,
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Hong Kong ,
Macau ,
National Security ,
Notice Requirements ,
Office of Foreign Assets Control (OFAC) ,
Outbound Transactions ,
Popular ,
Prohibited Transactions ,
Semiconductors ,
Technology Sector ,
U.S. Treasury
As Russia’s invasion of Ukraine continues, the White House countered with another wave of sanctions and export controls.
Building on the restrictions discussed in our Phase I and Phase II alerts, these new measures further...more
3/7/2022
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Bureau of Industry and Security (BIS) ,
Commerce Control List ,
Defense Sector ,
Economic Sanctions ,
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General Licenses ,
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Office of Foreign Assets Control (OFAC) ,
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U.S. Commerce Department
Earlier this week, following Russia’s aggressive incursion into Ukraine, we reported on the imposition of U.S. sanctions in response — a modest response that reserved the heavier sanctions that have been anticipated.
On...more
2/25/2022
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Belarus ,
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Russia ,
SDN List
The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has implemented new sanctions affecting China pursuant to Executive Order (“E.O.”) 13959, one of the Trump Administration’s final actions. The...more