Join Us on May 28, 2020: The Future of US-UK Trade — Who Will Come Out a Winner?

Compliance 2020 Future of US-UK Trade - Conversation with Squire Patton Boggs“We are going to win so much” is a staple soundbite from President Donald Trump, and also representative of his administration’s approach to international negotiations. President Trump favors bilateral trade deals and has been optimistically touting the US as the UK’s first FTA partner after Brexit. From the UK’s perspective, Prime Minister Boris Johnson also wants wins, partly due to the desire to uphold certain regulatory standards, and largely to maintain political, economic, and social security and stability post-Brexit to soften the blow of leaving the EU on the UK economy. As both countries were primed to begin negotiations, COVID-19 happened.

Join us for a virtual discussion with our transatlantic trade and policy practitioners, Frank Samolis, Matthew Kirk and George Grammas, for their insights and thoughts on the future of trade between the US and UK on May 28, 2020 at 9 a.m. EDT. Register here

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Clients, Investors and Developers in Construction and Infrastructure Sectors: Join Us for This FIDIC COVID-19 Webinar on May 28, 2020

Jose Maria Vinals headshot with FIDIC webinar descriptionCOVID19 brought out to light various vulnerabilities in different realms of our lives. Some business and industry sectors have become especially fragile due to an unexpected, unrelenting and active pandemic.

Please join our trade practitioner, José María Viñals, for the FIDIC (international Federation of Consulting Engineers) COVID-19 webinar series focusing on “Clients, investors and developers’ perspectives on the fragility of the construction and infrastructure sector” on May 28, 2020 at noon-1:30 p.m. CET. Continue Reading

CFIUS Clearance: Huatai Securities, AssetMark Financial Holdings and WBI OBS Financial

Status:  Clearance

Acquirer:  Huatai Securities Co., Ltd. (China); AssetMark Financial Holdings, Inc., (US)

Acquired:  WBI OBS Financial, LLC (US)

Value:  US$18.4 million

Industry:  Financial Services

fintech icon  on abstract financial technology background .On September 30, 2019, AssetMark Financial Holdings, Inc. (NYSE: AMK), a “provider of extensive wealth management and technology solutions that power independent financial advisers and their clients,” (AssetMark Financial Holdings, Inc., “What We Do” web page), entered into an agreement to acquire WBI OBS Financial, LLC, an Ohio holding company for OBS Financial Services, Inc., a registered investment advisor that provides “a broad suite of integrated wealth management services for institutional and individual investors.”  Continue Reading

New From BIS: Changes to EAR Direct Product Rule to Tighten Supply Chain for Certain Designated Entity List Organizations

Programming code abstract technologyA new Interim Final Rule (New Rule) issued by the US Department of Commerce’s Bureau of Industry and Security (BIS), which amended the Export Administration Regulations (EAR) (15 CFR Parts 730-774) by expanding the direct product rule as applied to certain organizations on the entity list took effect on May 15, 2020. The New Rule, along with request for comments, was published in the Federal Register on May 19, 2020. Continue Reading

Trump Administration Moves to Protect US Bulk-power System for National Security

electric gridThe security of the bulk-power system has long been an issue of deep concern in the US. On May 1, 2020, President Trump issued an Executive Order (EO) on Securing the United States Bulk-Power System. The EO created uncertainty and peril for US power companies. Continue Reading

Pending CFIUS Filing: Dialog Semiconductor and Adesto Technologies

Status:  Pending

Acquirer:  Dialog Semiconductor plc (UK)

Acquired:  Adesto Technologies Corporation (US)

Value:  Approx. US$500 million

Industry:  Semiconductors Continue Reading

May 7 Virtual Discussion – Assessing the Economic and Trade Impact of COVID-19 in Latin America

Latin America - South AmericaOn Thursday, May 7 at 10 a.m. EDT (16:00 CEST), José María Viñals, trade practitioner based in our Madrid and Brussels offices, will moderate a panel discussion on the economic and trade impact of the coronavirus disease 2019 (COVID-19) on Latin America. Continue Reading

Confronted by COVID-19, France Further Strengthens National FDI Screening

France mapOn 29 April 2020, the French Treasury announced additional emergency measures undertaken to strengthen its national foreign direct investment (FDI) screening mechanism. Continue Reading

BIS Sunsets License Exception (CIV) for Civil End Uses in Countries in Group D:1

On April 28, 2020, the US Department of Commerce’s Bureau of Industry and Security (BIS) published in the Federal Register a Final Rule amending the Export Administration Regulations (EAR) (15 CFR, subchapter C, parts 730-774) by removing License Exception Civil End Users (CIV) (§ 740.5), which authorized the unlicensed export, reexport, and transfer (in-country) of certain national security-controlled items, which would otherwise require an export license, to certain civil end users for civil end use in countries listed in Country Group D:1 (Supp. No. 1 to part 740).  This new Final Rule will take effect on June 29, 2020. Continue Reading