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Jan 23, 2025 | 
jdsupra.com | Steven A. Farmer |Nancy Fischer |Aaron Hutman
Earlier this week, the U.S. Office of Foreign Assets Control (OFAC) and the UK Office of Financial Sanctions Implementation (OFSI) published a Memorandum of Understanding (MoU), which was previously signed on October 9, 2024, formalizing a framework to govern cooperation including in relation to exchanging information, coordinating investigations, training personnel, discussing regulatory expectations and economic analyses.
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Jan 17, 2025 | 
globaltradeandsanctionslaw.com | Nancy Fischer |Aaron Hutman |Steven A. Farmer |Matthew Rabinowitz
Earlier this week, the U.S. Office of Foreign Assets Control (OFAC) and the UK Office of Financial Sanctions Implementation (OFSI) published a Memorandum of Understanding (MoU), which was previously signed on October 9, 2024, formalizing a framework to govern cooperation including in relation to exchanging information, coordinating investigations, training personnel, discussing regulatory expectations and economic analyses.
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Sep 27, 2024 | 
jdsupra.com | Benjamin Cote |Nancy Fischer |Aaron Hutman
On September 23, 2024, the Department of Commerce’s Bureau of Industry and Security (BIS) released for public inspection a Notice of Proposed Rulemaking that seeks to prohibit the sale or import of connected vehicles (CVs) with certain hardware and software that have a sufficient nexus to the People’s Republic of China (PRC) or Russia.
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Sep 25, 2024 | 
globaltradeandsanctionslaw.com | Nancy Fischer |Aaron Hutman |Benjamin Cote |Matthew Rabinowitz
On September 23, 2024, the Department of Commerce’s Bureau of Industry and Security (BIS) released for public inspection a Notice of Proposed Rulemaking that seeks to prohibit the sale or import of connected vehicles (CVs) with certain hardware and software that have a sufficient nexus to the People’s Republic of China (PRC) or Russia.
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May 15, 2024 | 
globaltradeandsanctionslaw.com | Stephan Becker |Aaron Hutman |Benjamin Cote |Moushami P. Joshi
On May 14, 2024, the U.S. Trade Representative (“USTR”) published the Four-Year Review of Actions Taken in the Section 301 Investigation (“Report”), which addresses the four-year review of China-related tariffs under Section 301 of the Trade Act of 1974, as amended (“Trade Act”) (19 U.S.C. 2411). Our previous alert on the 2018 Section 301 Investigation findings is available here.
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Apr 25, 2024 | 
jdsupra.com | Ata Akiner |Nancy Fischer |Aaron Hutman
On April 11, 2024, the U.S. Department of the Treasury (Treasury), as Chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of Proposed Rulemaking (NPRM), which is the first substantive update to the mitigation and enforcement provisions of the CFIUS regulations since the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). Treasury has requested public comments on the NPRM, which was published in the Federal Register on April 15, 2024.
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Apr 24, 2024 | 
globaltradeandsanctionslaw.com | Matthew Rabinowitz |Nancy Fischer |Aaron Hutman |Barbra Kim
On April 11, 2024, the U.S. Department of the Treasury (Treasury), as Chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of Proposed Rulemaking (NPRM), which is the first substantive update to the mitigation and enforcement provisions of the CFIUS regulations since the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). Treasury has requested public comments on the NPRM, which was published in the Federal Register on April 15, 2024.
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Mar 27, 2024 | 
jdsupra.com | Stephan Becker |Benjamin Cote |Aaron Hutman
The U.S. Department of Commerce amended the Export Administration Regulations (EAR), effective March 15, 2024, to move Nicaragua from Country Group B to Country Group D, and added it to the list of countries subject to the military end use and military end user restrictions.
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Mar 27, 2024 | 
jdsupra.com | Stephan Becker |Benjamin Cote |Aaron Hutman
New Tri-Seal Compliance Note highlights sanctions and export control compliance expectations for non-U.S. persons. TAKEAWAYS Three agencies overseeing U.S. trade law compliance provided an overview of where U.S. sanctions and export control laws can apply to non-U.S. persons. The note emphasizes that U.S. agencies tasked with overseeing compliance with sanctions and export controls are proactive in targeting offenders anywhere in the world.
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Mar 25, 2024 | 
globaltradeandsanctionslaw.com | Stephan Becker |Aaron Hutman |Benjamin Cote |Zachary Rozen
The U.S. Department of Commerce amended the Export Administration Regulations (EAR), effective March 15, 2024, to move Nicaragua from Country Group B to Country Group D, and added it to the list of countries subject to the military end use and military end user restrictions.
