Key Points -
The proposed power would allow the UK Government to block initial equity listings and admissions on UK public markets on the grounds of national security.
The listing of debt securities (other than...more
Key Points -
On 11 June 2021 the European Union (the “EU”) published Regulation (EU) 2021/821 (the “Recast Regulation”) in its Official Journal, which marked the final step with respect to modernizing its existing dual use...more
While the U.K. has a mature approach to protecting national security overall, the government lacks effective statutory powers in relation to the ownership and control of businesses and other entities that could be used to...more
The U.K. and the EU conclude the EU-UK Trade and Cooperation Agreement, which entered into force on December 31, 2020.
The Agreement provides guidance on origin rules that must be met for products to benefit from duty-free...more
1/8/2021
/ Cooperation Agreement ,
Country of Origin ,
EU ,
Export Controls ,
Exports ,
Member State ,
Regulatory Standards ,
Supply Chain ,
Trade Agreements ,
Trade Relations ,
UK ,
UK Brexit
1. Summary
The United Kingdom (U.K.) government published the National Security and Investment Bill (“NSI Bill” or “Bill”) on November 11, 2020, the aim of which is to strengthen the government’s powers to scrutinize and...more
- On July 24, the European Commission (EC) published an updated report (the “Report”) on the progress made by member states in implementing measures aimed at addressing the national security risks and mitigation strategies...more
8/4/2020
/ 5G Network ,
Emerging Technology Companies ,
EU ,
European Commission ,
Foreign Direct Investment ,
Member State ,
National Security ,
Risk Mitigation ,
Security Risk Assessments ,
Supply Chain ,
Telecommunications
- There is increasing regulatory, commercial and media attention in the U.K. and the EU regarding the role of human rights in company supply chains.
- The U.K. and the EU are introducing specific measures around human...more
7/22/2020
/ Coronavirus/COVID-19 ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
Forced Labor ,
Human Rights ,
Investors ,
Modern Slavery Act ,
Proceeds of Crime Act 2002 (POCA) ,
Risk Assessment ,
Risk Mitigation ,
Slavery ,
Supply Chain ,
UK
- As of 1:00 p.m. BST July 6, 2020, the GHR Regulation came into force, representing the introduction of the U.K.’s long awaited GHR Regime.
- The GHR Regime is the first standalone U.K. sanctions regime to be in current...more
- On April 21, 2020, Imagination Technologies, a U.K. based company producing graphics processing units used in 11 billion devices globally, was summoned to answer questions by MPs in relation to national security concerns....more
The new coronavirus, SARS-CoV-2, and the disease it causes, COVID-19, have created diverse, complex, and immediate challenges for world governments, multinational businesses, and other international institutions and projects....more
3/10/2020
/ Airports ,
Coronavirus/COVID-19 ,
Economic Sanctions ,
Exports ,
Federal Funding ,
Health and Safety ,
Imports ,
Infectious Diseases ,
Manufacturers ,
Medical Supplies ,
Multinationals ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Public Health ,
Risk Assessment ,
Supply Chain ,
Trade Relations ,
Travel Restrictions ,
Travelers
• On June 5, 2019, the European Union (EU) took a step forward with respect to modernizing its existing dual use legislation under Council Regulation (EC) No 428/2009 (the “EU Dual Use Regulation”), with the European Council...more
6/12/2019
/ Dual Use Goods ,
Economic Sanctions ,
Emerging Technology Companies ,
EU ,
Export Controls ,
Exports ,
Human Rights ,
Information Security ,
Member State ,
Supply Chain ,
The Wassenaar Arrangement
• The White Paper sets out in detail the shape and scope of the U.K.’s desired future “association” relationship with the EU post Brexit. The U.K. government hopes that it will accelerate negotiations with the EU with a view...more
• The U.K. and the EU have agreed on the substantive trade elements of the legal text set to govern the U.K.’s withdrawal from the EU (the “Withdrawal Agreement”). If the other outstanding elements of the Withdrawal Agreement...more
3/28/2018
/ Cross-Border Transactions ,
EU ,
EU Single Market ,
Free Trade Agreements ,
Intellectual Property Protection ,
International Relations ,
Member State ,
Referendums ,
Trade Policy ,
Trade Relations ,
UK ,
UK Brexit
• European Commission publishes survey on concept of “Specially Designed for Military Use,” and issues request for input for possible EU commercial policy measures targeting the United States
• Netherlands introduces...more
3/19/2018
/ Cloud Service Providers (CSPs) ,
Cloud Storage ,
Customs Valuation ,
Defense Sector ,
Draft Guidance ,
Encryption ,
EU ,
European Commission ,
Exports ,
Imports ,
Military Goods ,
Netherlands ,
Surveys ,
Tariff Classifications ,
Tariffs ,
Technology Sector
• A recent judgment of the European Court of Justice for bars the use of intercompany transfer prices for EU imports and EU customs duty purposes if (as is commonly the case) these are subject to retroactive adjustments.
...more
• The European Commission has released a set of documents, including a proposal for an ‘FDI Regulation,’ which sets out an EU framework for screening foreign direct investments.
• This proposal would grant the European...more