Elizabeth Hanft

1 month ago | lexology.com | L. Atkinson |John Carlin |Roberto González |Elizabeth Hanft |David Kessler |Mark F. Mendelsohn | +2 more

In his first month in office, President Trump has issued a series of executive orders and presidential memoranda that have significantly raised certain tariffs and signal that there are significant tariff developments to come.

Oct 15, 2024 | lexology.com | L. Atkinson |Jessica Carey |John Carlin |Roberto González |Brad S. Karp |Loretta Lynch | +7 more

On October 9, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued guidance to financial institutions on “best practices” for compliance with the Export Administration Regulations (“EAR”), including General Prohibition 10.[1] The Guidance appears to mark the first time that BIS has formally indicated that U.S. and non-U.S. financial institutions could be the subject of enforcement actions by BIS for violating the export control regulations directly.