On May 21, 2019 the US Commerce Department, Bureau of Industry and Security (BIS) is expected to publish in the Federal Register a Final Rule designating Huawei Technologies Co., Ltd. (Huawei) and 68 affiliated Huawei entities located in 26 countries (collectively, the “Huawei Listed Companies”) to the Entity List. … Continue Reading
The US-China trade war heated up a few more degrees in the last few days. Over the past week, the bilateral talks stumbled and actions and reciprocal actions were taken by the US and China, respectively. … Continue Reading
UPDATE: The Tariff Book was updated on May 10, 2019 to reflect an updated action on Section 301 by the Trump Administration that increased tariffs on $200 billion worth of Chinese products (List 3). How To Use The Tariff Book Because there is so much information included in this Tariff Book, we have made the document fully searchable. … Continue Reading
Status: Clearance Acquirer: China Grand Pharmaceutical and Healthcare Holdings Limited (Bermuda; Hong Kong SAR, China; China); CDH Genetech, Ltd. (Cayman Islands; China) Acquired: Sirtex Medical Limited (Australia) Value: Approximately A$1.9 Billion (US$1.4 Billion) Industry(ies): Healthcare; Biotechnology; Medical Devices… 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: 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
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
On May 22, shortly before the US Memorial Day holiday weekend, the US House and Senate committees with jurisdictions over foreign investments in the US unanimously passed their respective legislations that would greatly expand the authority bestowed on the Committee on Foreign Investment in the United States (CFIUS). The bipartisan, bicameral effort introduced the Foreign … Continue Reading
Section 337 of the US trade laws gives the US International Trade Commission (USITC) authority to prevent “unfair practices in import trade.” In addition to the statute’s provisions that allow the USITC to exclude imported goods that infringe US intellectual property (IP) rights, it also provides for the USITC’s ability to remedy other “unfair methods … Continue Reading
Status: Withdrawn; Abandoned Acquirer: Unic Capital Management Co., Ltd. (China); China Integrated Circuit Industry Investment Fund Co. (China) Acquired: Xcerra, Inc. (US) Value: Approx. US$580 million Industry: Semiconductor… Continue Reading
Status: Withdrawn Acquirer: China Energy Company Limited (China) Acquired: Cowen Inc. (US) Value: Investment of approx. US$100 million Industry: Financial Services… Continue Reading
