Status: Clearance Acquirer: Wieland-Werke AG (Germany) Acquired: Global Brass and Copper Holdings, Inc. (US) Value: US$965 million Industry: Metals… Continue Reading
Status: Clearance Acquirer: Edwards Vacuum LLC (US); Atlas Copco AB (Sweden) Acquired: Semiconductor cryogenics business of Brooks Automation, Inc. (US) Value: US$675 million Industry: Industrial Products and Services… Continue Reading
By now, avid watchers can agree that Prime Minister May’s resignation will further complicate the already-complex Brexit landscape. Her tenure in office had been looking increasingly challenged for some time. The immediate trigger for her resignation was her final attempt to get her Brexit deal done, which included the offer of the possibility of a … Continue Reading
Our Brexit team resides on both sides of the Atlantic and has multifaceted expertise to help you with any aspect of your Brexit planning and preparation. We have sectoral and subject expertise, backed by political and legal understanding and technical ability for in-depth analysis, which together can ensure you are properly informed and prepared for … Continue Reading
Russian Counter-sanctions: Bill Introduced to Criminalize Dissemination of Information That May Result in Introduction or Expansion of Sanctions Against Russian Persons Following our recent webinar, our Moscow Team prepared an analysis of a draft Russian legislation that would prohibit media communications that reveal non-compliance with sanctions or facilitate imposition of sanctions and would also impose criminal … Continue Reading
Since taking office in January 2017, President Trump has made use of several provisions of US law – including Section 301, targeting unfair trade practices, and Section 232, targeting threats to national security – to bring trading partners to the negotiating table. Major developments over the last two weeks could impact global supply chains across a wide range … Continue Reading
UPDATE: On April 17, 2019, the European Commission launched a public consultation period on a preliminary list of products from the US to be considered for countermeasures in its own separate case against the US.… Continue Reading
Please save-the-date for the upcoming symposium organized by the Export Control Joint Unit (ECJU) that will cover a range of export control topics.… Continue Reading
UPDATE: On March 5, 2019, the Council of the EU approved the Regulation establishing a framework for screening of foreign direct investments into the EU. As further explained below, the Regulation facilitates enhanced cooperation and exchange of information between EU member states and the European Commission. The Regulation could affect businesses and investors, as well as their interactions with government entities at … Continue Reading
After the UK government overwhelmingly rejected Prime Minister May’s Withdrawal Agreement in January, the Prime Minister is back to negotiations with the EU in an attempt to hammer out a Brexit deal favorable for Britain before the 29 March deadline. … Continue Reading
UPDATE: The UK Export Control Joint Unit issued a general license authorizing export of dual-use goods from the UK to the EU in case of hard Brexit. The licence will enter into force on March 29, 2019 at 11 p.m. UK time. … Continue Reading
With continuing uncertainty, there is still a lack of clarity on what the final Brexit arrangements between the UK and the EU will look like. Many companies have been planning for the implications of Brexit for some time, and some still need to consider how Brexit may affect their operations. Both the UK government and … 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
The Department for International Trade has produced guidance, published on August 23, 2018, informing stakeholders how export controls would be affected if the UK leaves the EU with no deal. The notice explains how export licensing requirements for different groups of items would change and what the UK government proposed to simplify licensing. The export of many controlled items within … Continue Reading
The export control joint unit (ECJU) has amended the Export Control Order 2008 with effect from September 14, 2018. The new Order extends the controls on firearms to include devices capable of being converted to firearms. The ECJU has also updated the consolidated control list of strategic military and dual-use items that require export authorization. The additional devices include the … Continue Reading
The Office of Financial Sanctions Implementation (OFSI), which is part of HM Treasury and works to ensure that financial sanctions are properly implemented and enforced in the UK, has updated a number of financial sanctions currently in force. The recent updates are as follows: Financial sanctions, Libya; Financial sanctions, Ukraine (Sovereignty and Territorial Integrity); Financial sanctions, North Korea (Democratic People’s … Continue Reading
George Grammas, Co-Chair of our International Trade/Global Import and Export Compliance Practice, will present on US export controls topics at the upcoming Manchester Export Symposium hosted by the UK Government Department for International Trade on November 6 in Manchester, UK. The symposium will include plenary session and workshops, and provide attendees with networking opportunity with … Continue Reading
