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
Status: Likely Clearance Acquirer: Perusa Partners Fund 2, L.P. (Guernsey); SSP MEP Beteiligungs GmbH & Co. KG (Germany) Acquired: Schroth businesses from TransDigm Group Inc. (US) Value: Approximately US$90 million Industry: Aerospace… Continue Reading
North Korea – Money Laundering Designation. Last week, the U.S. Department of the Treasury designated North Korea as a jurisdiction of “primary money-laundering concern” under Section 311 of the USA Patriot Act on Wednesday. This will allows Washington to further limit North Korea’s access to the U.S. financial system. Under the new designation, non-U.S. banks … Continue Reading
The UK, along with France, Germany and the US have criticised Iran for its recent missiles tests. In a joint letter to Spain’s UN ambassador and UN chief Ban Ki-moon, the group of countries accused Iran of defying a UN Security Council resolution by launching nuclear-capable missiles. The tests have reignited discussions over EU and US sanctions. The situation … Continue Reading
Saturday, 16 January 2016, marked Implementation Day of the Joint Comprehensive Plan of Action (JCPOA) between the E3/EU+3 (China, France, Germany, the Russian Federation, UK and US, in conjunction with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran (Iran). On Implementation Day, the International … Continue Reading
The European Union and the United States agreed in 2013 to launch negotiations for the Transatlantic Trade and Investment Partnership (TTIP). Two years and ten negotiating rounds later, where do we stand and what do businesses need to know? TTIP has been criticized for its perceived opaque negotiations, hidden away from public scrutiny. And the … Continue Reading
The German Federal Office for Economic Affairs and Export Control (“BAFA”) has been charged, since 1 January 2014, with control over the outreach projects with Jordan and Kazakhstan, directed at enhancing their export control systems for dual-use items. The aim of this project is to reduce the risk of proliferation of weapons of mass destruction, … Continue Reading
On Tuesday, 14 July 2015, the E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran agreed to a Joint Comprehensive Plan of Action (JCPOA). Under the JCPOA, Iran agreed to … Continue Reading
