Pillsbury - Global Trade & Sanctions Law

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1540 Broadway
New York, NY 10036-4039, United States
Phone: 212.858.1000
Fax: 212.858.1500
Areas Of Practice
  • Antitrust & Trade Regulation
  • International Law & Trade
  • Litigation
Locations
Other U.S. Locations
  • California
  • D.C.
  • Florida
  • Tennessee
  • Texas
  • Virginia
Other Countries
  • China
  • Hong Kong
  • Japan
  • Taiwan
  • United Kingdom
Number of Attorneys
400+ Attorneys

Key Takeaways from the CFIUS 2024 Annual Report

The Committee on Foreign Investment in the United States (CFIUS) recently published its 2024 Annual Report. Filing volume for both declarations and notices remains lower compared to their peaks in 2021 and 2022, respectively… more

Annual Reports, CFIUS, China, Corporate Sales Transactions, Critical Infrastructure Sectors

See all updates »

Tariffs and Insolvency: Legal Consequences of Tariffs in Insolvency Processes

Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals,… more

Chapter 11, Corporate Restructuring, Customs and Border Protection, European Commission, Insolvency

See all updates »

Tariffs and Insolvency: Legal Consequences of Tariffs in Insolvency Processes

Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals,… more

Chapter 11, Corporate Restructuring, Customs and Border Protection, European Commission, Insolvency

See all updates »

Tariffs and Insolvency: Legal Consequences of Tariffs in Insolvency Processes

Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals,… more

Chapter 11, Corporate Restructuring, Customs and Border Protection, European Commission, Insolvency

See all updates »

Snapshot of Current Tariff Actions and Negotiations

In the past several weeks the Trump Administration has taken multiple actions on tariffs, based on several different legal authorities. The landscape is shifting almost continuously, and more changes are likely coming… more

Executive Orders, International Emergency Economic Powers Act (IEEPA), Reciprocity Rules, Section 232, Section 301

See all updates »

Ukraine Reconstruction: Opportunities and Legal Challenges for Businesses

Ukraine’s reconstruction efforts present myriad opportunities for foreign businesses particularly in the energy, construction and tech sectors. At the same time, it is imperative for foreign businesses to approach these… more

Business Development, Construction Industry, Economic Sanctions, Energy Sector, Export Controls

See all updates »

EU’s 14th Package of Sanctions on Russia

On 24 June 2024, the EU adopted its 14th package of sanctions against Russia. The latest measures include: The designation of 116 additional individuals and entities across a number of industries for their responsibility in… more

Asset Freeze, Corporate Counsel, Economic Sanctions, Energy Sector, EU

See all updates »

Key Takeaways from the CFIUS 2024 Annual Report

The Committee on Foreign Investment in the United States (CFIUS) recently published its 2024 Annual Report. Filing volume for both declarations and notices remains lower compared to their peaks in 2021 and 2022, respectively… more

Annual Reports, CFIUS, China, Corporate Sales Transactions, Critical Infrastructure Sectors

See all updates »

Ukraine Reconstruction: Opportunities and Legal Challenges for Businesses

Ukraine’s reconstruction efforts present myriad opportunities for foreign businesses particularly in the energy, construction and tech sectors. At the same time, it is imperative for foreign businesses to approach these… more

Business Development, Construction Industry, Economic Sanctions, Energy Sector, Export Controls

See all updates »

The EU Foreign Subsidies Regulation (FSR) Has Now Taken Effect

The new EU Foreign Subsidies Regulation (FSR) has now finally taken effect. Under the FSR the European Commission (EC) will have new powers to intervene against distortions to competition in the EU internal market caused by… more

Acquisitions, EU, European Commission, Foreign Subsidies, Mergers

See all updates »

Trump 2.0: U.S. Imposes Tariffs on Key Trading Partners 

After months of anticipation, on February 1, 2025, President Trump announced the imposition of significant tariffs on Mexico, Canada, and China through three Executive Orders (EOs). While additional details are expected to be… more

Canada, China, Imports, International Emergency Economic Powers Act (IEEPA), Mexico

See all updates »

Trump 2.0: U.S. Imposes Tariffs on Key Trading Partners 

After months of anticipation, on February 1, 2025, President Trump announced the imposition of significant tariffs on Mexico, Canada, and China through three Executive Orders (EOs). While additional details are expected to be… more

Canada, China, Imports, International Emergency Economic Powers Act (IEEPA), Mexico

See all updates »

Mitigating CFIUS Risks for Foreign Lenders and Investors as Defaults and Uncertainty Mount in the COVID-19 World

TAKEAWAYS - A transfer of control of a borrower or its business to non-U.S. lenders who exercise remedies under financing documents could trigger CFIUS issues. CFIUS regulations adopted in February 2020 dramatically heighten… more

CFIUS, Corporate Counsel, Foreign Acquisitions, Foreign Investment, Investors

See all updates »

Biden Administration Proposes Significant Increases to Buy American Domestic Content Requirements – Takeaways for Contractors and Subcontractors

On July 30, 2021, the Biden Administration published a Proposed Amendment to the Federal Acquisition Regulation (FAR) (Proposed Rule) that, among other things, would impose significantly increased U.S. content requirements for… more

Biden Administration, Buy American Act, Federal Acquisition Regulations (FAR), Federal Contractors, Proposed Rules

See all updates »

UK Expands Whistleblower Protections to Bolster Sanctions Enforcement

On June 26, 2025, the UK government brought into force the Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2025 (the “2025 Amendment”), marking a notable development in the UK government’s sanctions enforcement… more

Corporate Counsel, Disclosure Requirements, Economic Sanctions, Enforcement, Financial Institutions

See all updates »

Snapshot of Current Tariff Actions and Negotiations

In the past several weeks the Trump Administration has taken multiple actions on tariffs, based on several different legal authorities. The landscape is shifting almost continuously, and more changes are likely coming… more

Executive Orders, International Emergency Economic Powers Act (IEEPA), Reciprocity Rules, Section 232, Section 301

See all updates »

Trump Administration Imposes Secondary Tariffs on India Over Russian Oil Imports

On August 6, 2025, President Trump published a new Executive Order imposing secondary tariffs on India in response to its continued importation of Russian-origin crude oil. This marks both an escalation in U.S. trade… more

Economic Sanctions, Energy Sector, Executive Orders, International Emergency Economic Powers Act (IEEPA), Oil & Gas

See all updates »

Implementing the Russian Oil Price Cap – Most Recent U.S. Guidance

On December 5, 2022, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) announced a $60 per barrel price cap on maritime transfers of Russian-origin crude oil. The final cap level is being implemented… more

Crude Oil, Economic Sanctions, Export Controls, Office of Foreign Assets Control (OFAC), Oil Prices

See all updates »

BIS Issues Interim Final Rule on Advanced Computing Integrated Circuits, Providing Long-Awaited Guidance on Due Diligence Procedures

On January 15, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) released an interim final rule (IFR) updating export controls on advanced computing semiconductors. This IFR seeks to ensure that… more

Bureau of Industry and Security (BIS), Due Diligence, Export Controls, Licensing Rules, National Security

See all updates »

Snapshot of Current Tariff Actions and Negotiations

In the past several weeks the Trump Administration has taken multiple actions on tariffs, based on several different legal authorities. The landscape is shifting almost continuously, and more changes are likely coming… more

Executive Orders, International Emergency Economic Powers Act (IEEPA), Reciprocity Rules, Section 232, Section 301

See all updates »

USTR Finalizes Section 301 Tariffs on Chinese Imports with a Focus on Products from “Strategic Sectors”

On September 13, 2024 USTR announced modifications to the tariffs originally imposed under Section 301 of the Trade Act of 1974 to pressure China to eliminate unreasonable policies and practices related to technology transfer… more

Batteries, China, Electric Vehicles, Imports, Section 301

See all updates »

Tariffs and Insolvency: Legal Consequences of Tariffs in Insolvency Processes

Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals,… more

Chapter 11, Corporate Restructuring, Customs and Border Protection, European Commission, Insolvency

See all updates »

Russia Sanctions Year in Review: Impact on Aviation Sector

This post marks the third entry in our Year-in-Review series. For prior posts, click here. Many of the first measures that the United States, European Union and United Kingdom collectively took against Russia in 2022 related to… more

Aviation Industry, Bureau of Industry and Security (BIS), Economic Sanctions, EU, Export Administration Regulations (EAR)

See all updates »

UK Expands Whistleblower Protections to Bolster Sanctions Enforcement

On June 26, 2025, the UK government brought into force the Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2025 (the “2025 Amendment”), marking a notable development in the UK government’s sanctions enforcement… more

Corporate Counsel, Disclosure Requirements, Economic Sanctions, Enforcement, Financial Institutions

See all updates »

BIS Issues Interim Final Rule Establishing a Framework for Artificial Intelligence Diffusion

On January 13, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued an Interim Final Rule (IFR), establishing new export controls targeting advanced artificial intelligence (AI) chips and model… more

Artificial Intelligence, Bureau of Industry and Security (BIS), Data Centers, Data Security, Export Administration Regulations (EAR)

See all updates »

CFIUS and Critical Technologies: Implications for the Biotechnology and Life Sciences Sector

The COVID-19 pandemic has generated a renewed focus on biotechnology and life sciences companies. Non-U.S. investors need to be aware of the potential that the Committee on Foreign Investment in the United States (CFIUS) may… more

Biotechnology, CFIUS, Coronavirus/COVID-19, Life Sciences, Personal Data

See all updates »

Further Sanctions Issued Against Russia and Belarus from the EU and UK

The EU and UK have imposed additional export controls and sanctions with respect to Russia and Belarus connected to the Russian invasion of Ukraine. Below is a summary of key developments over recent days since our last blog… more

Airspace, Asset Freeze, Belarus, Belarus Sanctions, Economic Sanctions

See all updates »

Trump Administration Rescinds Biden’s AI Diffusion Rule

Two days before its scheduled effective date, the Department of Commerce’s Bureau of Industry and Security (BIS) announced the rescission of the Biden administration’s Artificial Intelligence (AI) Diffusion Rule on May 13. The… more

Artificial Intelligence, Biden Administration, Bureau of Industry and Security (BIS), China, Export Controls

See all updates »

Court Decision May Affect Ability to Sell Products Assembled from Imported Components to U.S. Government Agencies

In a development that may have important implications for companies selling products to the U.S. government, on December 7, 2016, the Court of International Trade (“CIT”) issued a decision holding that the assembly in the United… more

Buy American Act, Court of International Trade, Customs and Border Protection, Free Trade Agreements, Imports

See all updates »

Executive Order Establishes New Committee to Review Foreign Investment in Communications Companies

TAKEAWAYS - Establishes deadlines for Committee to respond to FCC referrals - Invites Committee review of existing license holders - Resolution of long pending FCC proposed rulemaking expected - On April 4, 2020, the White House… more

Executive Orders, FCC, Foreign Investment, Telecommunications, Trump Administration

See all updates »

Ukraine Reconstruction: Opportunities and Legal Challenges for Businesses

Ukraine’s reconstruction efforts present myriad opportunities for foreign businesses particularly in the energy, construction and tech sectors. At the same time, it is imperative for foreign businesses to approach these… more

Business Development, Construction Industry, Economic Sanctions, Energy Sector, Export Controls

See all updates »

ISOO Guidance on Facility Security Clearances for Joint Ventures

On October 5, 2023, the National Archives Information Security Oversight Office (ISOO) released a joint notice to provide guidance on facility clearances for joint ventures (JVs) in the National Industrial Security Program… more

GAO, Joint Venture, National Industrial Security Program (NISP), SBA, Security Clearance

See all updates »

Tariffs and Insolvency: Legal Consequences of Tariffs in Insolvency Processes

Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals,… more

Chapter 11, Corporate Restructuring, Customs and Border Protection, European Commission, Insolvency

See all updates »

Key Takeaways from the CFIUS 2024 Annual Report

The Committee on Foreign Investment in the United States (CFIUS) recently published its 2024 Annual Report. Filing volume for both declarations and notices remains lower compared to their peaks in 2021 and 2022, respectively… more

Annual Reports, CFIUS, China, Corporate Sales Transactions, Critical Infrastructure Sectors

See all updates »

Long-Awaited Executive Order on Outbound Investment Issued: Regulatory Comment Process Commences in Advance of Implementation of Any New Rules

On August 9, 2023, President Biden issued an Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern. The new Executive Order (EO) is the culmination… more

Advanced Notice of Proposed Rulemaking (ANPRM), Biden Administration, Executive Orders, Foreign Investment, National Security

See all updates »

Key Takeaways from the CFIUS 2024 Annual Report

The Committee on Foreign Investment in the United States (CFIUS) recently published its 2024 Annual Report. Filing volume for both declarations and notices remains lower compared to their peaks in 2021 and 2022, respectively… more

Annual Reports, CFIUS, China, Corporate Sales Transactions, Critical Infrastructure Sectors

See all updates »

Key Takeaways from the CFIUS 2024 Annual Report

The Committee on Foreign Investment in the United States (CFIUS) recently published its 2024 Annual Report. Filing volume for both declarations and notices remains lower compared to their peaks in 2021 and 2022, respectively… more

Annual Reports, CFIUS, China, Corporate Sales Transactions, Critical Infrastructure Sectors

See all updates »

Ukraine Reconstruction: Opportunities and Legal Challenges for Businesses

Ukraine’s reconstruction efforts present myriad opportunities for foreign businesses particularly in the energy, construction and tech sectors. At the same time, it is imperative for foreign businesses to approach these… more

Business Development, Construction Industry, Economic Sanctions, Energy Sector, Export Controls

See all updates »

UN and U.S. Sanctions Target North Korea: Impacts for Asia and Beyond

The United Nations and United States recently took significant new steps to expand sanctions on North Korea, with implications for international banking; shipping and port activities; air transport; energy and mining sectors;… more

Censorship, Economic Sanctions, Embargo, Executive Orders, Human Rights

See all updates »

DFARS Proposed Export Controls Rule Would Require Supplying DCMA with Copy of Relevant Export Authorizations

On March 22, 2023, the Department of Defense (DoD) published a proposed rule to amend Defense Federal Acquisition Regulation Supplement (DFARS) clause 252.225-7048. This amendment would implement an additional export control… more

DCMA, DFARS, Exports

See all updates »

CFIUS and Critical Technologies: Implications for the Biotechnology and Life Sciences Sector

The COVID-19 pandemic has generated a renewed focus on biotechnology and life sciences companies. Non-U.S. investors need to be aware of the potential that the Committee on Foreign Investment in the United States (CFIUS) may… more

Biotechnology, CFIUS, Coronavirus/COVID-19, Life Sciences, Personal Data

See all updates »

U.S. Imposes Sanctions on Turkey – The Economic Fallout from Events in Syria

The U.S. Treasury Department has issued sanctions designations against Turkey’s Ministry of National Defense, Ministry of Energy and Natural Resources, and the Minsters of Defense, Energy and Interior pursuant to a new Executive… more

Economic Sanctions, Executive Orders, Trump Administration, U.S. Treasury

See all updates »

Implementing the CTA: FinCEN Requires U.S. Companies to Report Beneficial Ownership Information and Protect Against Shell Company Misuse

On September 29, 2022, the U.S. government took an important step in its efforts to increase transparency, combat shell companies, and limit abuse of entities and trusts formed under U.S. state law. The U.S. Treasury… more

Beneficial Owner, Corporate Transparency Act, FinCEN, Reporting Requirements, Shell Corporations

See all updates »

Mitigating CFIUS Risks for Foreign Lenders and Investors as Defaults and Uncertainty Mount in the COVID-19 World

TAKEAWAYS - A transfer of control of a borrower or its business to non-U.S. lenders who exercise remedies under financing documents could trigger CFIUS issues. CFIUS regulations adopted in February 2020 dramatically heighten… more

CFIUS, Corporate Counsel, Foreign Acquisitions, Foreign Investment, Investors

See all updates »

Snapshot of Current Tariff Actions and Negotiations

In the past several weeks the Trump Administration has taken multiple actions on tariffs, based on several different legal authorities. The landscape is shifting almost continuously, and more changes are likely coming… more

Executive Orders, International Emergency Economic Powers Act (IEEPA), Reciprocity Rules, Section 232, Section 301

See all updates »

Implementing the CTA: FinCEN Requires U.S. Companies to Report Beneficial Ownership Information and Protect Against Shell Company Misuse

On September 29, 2022, the U.S. government took an important step in its efforts to increase transparency, combat shell companies, and limit abuse of entities and trusts formed under U.S. state law. The U.S. Treasury… more

Beneficial Owner, Corporate Transparency Act, FinCEN, Reporting Requirements, Shell Corporations

See all updates »

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