In addition to a myriad of issues to consider during M&A transactions, parties should conduct due diligence related to US trade regulations and the often-related foreign investment regulations that arise in the context of an...more
12/20/2024
/ Acquisitions ,
CFIUS ,
China ,
Compliance ,
Court of International Trade ,
Due Diligence ,
FIRRMA ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Investment ,
Imports ,
Mergers ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Regulatory Requirements ,
U.S. Customs ,
US Trade Policies
In a move that highlights the U.S. government’s ongoing fight against evasion of sanctions and export control laws, the Departments of the Treasury, Commerce, and Justice yesterday published yet another Tri-Seal Compliance...more
Those familiar with the U.S. import and export regulations know that U.S. Customs and Border Protection (“CBP” or “Customs”) generally enforces the U.S. import regulations, while multiple executive government agencies...more
1/2/2024
/ Asset Seizure ,
Bureau of Industry and Security (BIS) ,
Census Bureau ,
Customs and Border Protection ,
DEA ,
Directorate of Defense Trade Controls (DDTC) ,
Exports ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Requirements ,
Risk Assessment ,
Risk Management ,
U.S. Commerce Department
On April 6, 2023, the Department of Treasury Office of Foreign Assets Control (“OFAC”) and the Department of Commerce Bureau of Industry and Security (“BIS”) announced a settlement with Microsoft Corporation (“Microsoft”) and...more
4/26/2023
/ Bureau of Industry and Security (BIS) ,
Civil Monetary Penalty ,
Compliance ,
Economic Sanctions ,
Export Controls ,
Microsoft ,
Office of Foreign Assets Control (OFAC) ,
Remedial Actions ,
Russia ,
SDN List ,
Settlement ,
Software ,
Ukraine
On May 23, 2022, President Joe Biden, when asked whether the United States would get involved militarily if China invaded Taiwan, answered firmly, “Yes. That’s the commitment we made.” As the world watches the war in Ukraine,...more
6/1/2022
/ Biden Administration ,
China ,
Economic Sanctions ,
Export Controls ,
Foreign Policy ,
Foreign Relations ,
Imports ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Taiwan ,
Uyghur Forced Labor Prevention Act (UFLPA)
On September 21, 2021, in a first-of-it-kind action, the U.S. Department of the Treasury Office of Foreign Assets Control (“OFAC”) imposed economic sanctions on SUEX OTC, S.R.O. (“SUEX”), a virtual currency exchange, for...more
10/27/2021
/ Blocked Person ,
Crypto Exchanges ,
Cyber Attacks ,
Economic Sanctions ,
Enforcement Actions ,
Financial Transactions ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Ransomware ,
Regulatory Violations ,
SDN List