With the budget talks hitting a “wall” and another US government shutdown looming, contractors doing business with the US government need to be ready with concrete plans to lessen the impact to your business, employees and subcontractors.… Continue Reading
Status: Clearance Acquirer: Speedcast International Limited (Australia) Acquired: Globecomm Systems Inc. (US) Value: Approx. US$135 million Industry: Telecommunications… Continue Reading
The US federal government contracts bid protest process and timing is different based on the type of procurement and contract vehicle involved. You could be left without much of a remedy if you miss a critical deadline.… Continue Reading
Status: Clearance Acquirer: Dürr AG (Germany) Acquired: MEGTEC and Universal businesses of Babcock & Wilcox Enterprises, Inc. (US) Value: US$131 Million Industry: Industrial Products and Services… Continue Reading
On September 21, 2018, OFAC extended certain Ukraine-related general licenses. OFAC issued General License No. 13D authorizing certain transactions necessary to divest or transfer debt, equity, or other holdings in listed blocked persons. OFAC also issued General Licenses No. 14A and 16A, which authorize certain activities necessary to the maintenance or wind down of operations or existing contracts with 1) United … Continue Reading
On August 30, 2018, the Bureau of Industry and Security (BIS) published in the Federal Register a final rule titled, “Revisions to the Export Administration Regulations Based on the 2017 Missile Technology Control Regime Plenary Agreements.” This new final rule amending the EAR reflects changes to the Missile Technology Control Regime (MTCR) Annex pursuant to the October 2017 agreement by the … Continue Reading
On October 4, 2018, the Directorate of Defense Trade Controls (DDTC) announced in the Federal Register revisions to the ITAR titled, “Regulatory Reform Revisions to the International Traffic in Arms Regulations.” The revisions are in response to comments that the Department of State received. The new rule has removed certain notification requirements from the ITAR, and it removed certain items … Continue Reading
On September 20, 2018, President Trump issued a new CAATSA-related Executive Order (EO) titled, “Authorizing the Implementation of Certain Sanctions Set Forth in the Countering America’s Adversaries Through Sanctions Act” and an accompanying frequently asked question. This EO provides authority to the Secretary of Treasury to take certain actions to implement certain sanctions under the Countering America’s Adversaries Through Sanctions … Continue Reading
Our international trade policy team recently published an analysis on the modernized North American Free Trade Agreement (NAFTA), known as the US-Mexico-Canada Agreement (USMCA). Below is a snapshot of the analysis.… Continue Reading
George Grammas, Co-Chair of our International Trade/Global Import and Export Compliance Practice, will join a panel of international trade experts to discuss “International Trade Challenges and Strategies” at China General Chamber of Commerce’s (CGCC) upcoming Legal & Policy Series on October 15 in New York City. Other topics to be discussed by additional speakers include: … Continue Reading
Status: Clearance; Mitigation Acquirer: FIT Hon Teng Limited (Cayman Islands; Hong Kong SAR, China; Taiwan) Acquired: Belkin International, Inc. (US) Value: Approximately US$866 Million Industry: Technology; Consumer Electronics… Continue Reading
Status: Terminated Acquirer: HNA Innovation Finance Group Co., Ltd. (China) Acquired: US assets from Glencore plc Value: Approx. US$196 million Industry: Oil and Gas; Logistics UPDATE: In September 2018, Glencore plc and HNA Innovation Finance Group Co. Ltd. “agreed to terminate the sale” of its U.S. assets. (Glencore plc, Annual Report 2018 at 176.) News … Continue Reading
The Trump Administration has added eight Chinese entities and 36 of their subsidiaries to the US Department of Commerce, Bureau of Industry Security’s (BIS) Entity List. Per the final rule published in the Federal Register on August 2, 2018, “[t]he entities that are being added to the Entity List have been determined by the U.S. Government to be acting contrary … Continue Reading
On Friday, June 29, the US International Trade Commission (USITC) issued an opinion (in Certain Solid State Storage Drives, Stacked Electronics Components, and Products Containing Same, Inv. No. 337-TA-1097), which expresses the Commission’s view on an important aspect of Section 337’s “domestic industry” requirement. USITC stipulates that investments in non-manufacturing activities, such as engineering and … Continue Reading
Status: Clearance Acquirer: Evergrande Health Industry Group Limited (Hong Kong SAR, China); China Evergrande (China) Acquired: Faraday Future (US) Value: US$870 Million Industry: Technology; Electric Vehicles; Autonomous Driving… Continue Reading
