Our Financial Services and White Collar, Government & Internal Investigations Groups unpack the Financial Crimes Enforcement Network’s new geographic targeting order aimed at combatting money laundering and other illegal...more
The Trump administration formally imposed 25% tariffs on imports of EU steel and aluminum Wednesday. Within hours of those tariffs going into effect, the EU responded by announcing the intention of its member-states to impose...more
President Trump has announced that his administration will be increasing tariffs on Canadian steel and aluminum from 25% to 50%. The announcement comes on the heels of Ontario Premier Doug Ford’s imposition of a new tax on...more
3/11/2025
/ Canada ,
Energy Sector ,
Imports ,
International Trade ,
Tariffs ,
Trade Policy ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
US Trade Policies ,
USTR
Despite recent reports indicating that the Trump Administration is looking into possible options to ease sanctions against Russia, the President took to social media to threaten exactly the opposite....more
Recent news out of the White House indicates that the Trump Administration is seeking to distance the U.S. from Ukraine as a part of ongoing peace talks with Russia. Reuters is now reporting that the White House has...more
In the latest effort to implement its “maximum pressure” campaign targeted at putting a total stop to Iranian oil exports, the Trump administration has imposed another round of sanctions targeting Iran’s oil distribution...more
Following the first day of formal discussions between the United States and Russia about the potential of ending the Russia/Ukraine conflict, the EU is reportedly moving forward with additional sanctions against Russia. The...more
In a move that sent shockwaves through the world of white collar corporate defense, President Trump has issued an Executive Order instructing the Attorney General to pause new FCPA enforcement subject to review existing FCPA...more
Following President Trump’s announcement of his administration’s intention to ratchet up sanctions against Iran, OFAC announced Thursday that it is designating a number of Chinese, Indian, and UAE entities as Specially...more
President Trump issued a new Executive Order renewing a commitment to imposing “maximum pressure” on the Iranian government to “end its nuclear threat, curtail its ballistic missile program, and stop its support for terrorist...more
China announced overnight that it will impose its own tariffs in retaliation for the newly announced U.S. tariffs. China has indicated that, effective February 10, 2025, it will impose a 15% tax on certain types of coal and...more
2/5/2025
/ Automotive Industry ,
China ,
Crude Oil ,
Energy Sector ,
Export Controls ,
Imports ,
International Trade ,
Metals ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
It appears that Canada is also in negotiations and that U.S. tariffs will be delayed 30 days in line with the delay of tariffs on products from Mexico. Trudeau says Trump agrees to a pause on U.S. tariffs on Canada....more
The recent indictment of 14 North Korean nationals for fraudulently obtaining remote IT jobs with U.S.-based companies underscores the importance of vigilant hiring practices. Our Privacy, Cyber & Data Strategy and...more
Since 2020, governments have lurched from pandemic-induced economic and health crises to new and protracted conflicts across the globe. In these times of upheaval and uncertainty, the use of sanctions has increased to an...more
12/16/2024
/ Asset Freeze ,
Business Entities ,
Compliance ,
Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
Financial Services Industry ,
Imports ,
Russia ,
Supply Chain ,
Trade Relations ,
Trade Restrictions ,
UK ,
Ukraine
Effective January 2, 2025, a final rule by the Department of the Treasury restricts investments in certain emerging technology sectors. Our International Trade & Regulatory Group examines the impact of the new U.S. Outbound...more
11/8/2024
/ Artificial Intelligence ,
Biden Administration ,
China ,
Critical Infrastructure Sectors ,
Emerging Technologies ,
Foreign Investment ,
Investment ,
National Security ,
Regulatory Oversight ,
Semiconductors ,
Technology Sector
Our International Trade & Regulatory Group highlights changes to the voluntary self-disclosure process and penalty guidelines under the Export Administration Regulations by the Bureau of Industry and Security....more
On April 24, 2024, President Biden signed H.R. 815, otherwise known as the National Security Act of 2024. The bill provides emergency appropriations for Ukraine, Israel, Taiwan, humanitarian purposes in Gaza, and various...more
5/14/2024
/ Biden Administration ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Government Agencies ,
Humanitarian Assistance ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
New Legislation ,
Office of Foreign Assets Control (OFAC) ,
Statute of Limitations ,
TikTok
Our Finance and White Collar, Government & Internal Investigations Groups examine an Alabama federal court’s ruling that the Corporate Transparency Act (CTA) is unconstitutional....more
One year later, Russia’s war against Ukraine shows no signs of abating. Our International Trade & Regulatory Group breaks down the latest U.S. sanctions further restraining Russia’s ability to do business with the rest of the...more
Our Financial Services & Products Group provides background on how Russia defaulted on its eurobonds and discusses the implications for Russian bond and credit default swap positions....more
Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. Guest edited by our London team, this edition focuses on the opportunities that come from stressed...more
7/14/2022
/ Banking Sector ,
Capital Markets ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Income Share Agreements ,
Lenders ,
Loans ,
Succession Planning
As Russia’s war against Ukraine continues and the United States and its allies announce further sanctions, U.S. companies face more difficulties with compliance and the loss of valuable assets. Our International Trade &...more
Our International Trade & Regulatory Group continues its investigation of the ever-growing sanctions regimes imposed on Russia since its invasion of Ukraine. ...more
The United States and its allies respond to Russia’s invasion of Ukraine with even tougher sanctions against Russia, its leaders, and its leading businesses. Our International Trade & Regulatory Group breaks down the...more
3/1/2022
/ Asset Freeze ,
Australia ,
Belarus ,
Belarus Sanctions ,
Biden Administration ,
Blocked Entities ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Canada ,
ECCNs ,
Economic Sanctions ,
Embargo ,
EU ,
Export Administration Regulations (EAR) ,
Export Controls ,
General Licenses ,
Japan ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Taiwan ,
Ukraine
Our International Trade & Regulatory Group addresses the new U.S. sanctions against Russia announced this week in response to its actions against Ukraine and summarizes the similar packages announced by key U.S. allies....more
2/25/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Canada ,
Crimea ,
Economic Sanctions ,
EU ,
Export Administration Regulations (EAR) ,
Financial Institutions ,
Foreign Policy ,
Germany ,
Japan ,
Military End Use ,
Office of Foreign Assets Control (OFAC) ,
Pipelines ,
Proposed Legislation ,
Russia ,
SDN List ,
Singapore ,
Taiwan ,
Technology ,
UK ,
Ukraine