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
On 22 November, the Swiss Federal Council introduced UN sanctions against the Republic of Mali, which include travel bans and asset freezes. The sanctions target individuals and entities acting directly or indirectly to undermine peace, security and stability in the country. Switzerland’s media release can be read here.… Continue Reading
The US Department of Commerce, Bureau of Industry and Security (BIS) has issued a final rule amending the Export Administration Regulations (EAR) by adding 29 persons to the Entity List. These persons have been determined by the US Government to be acting contrary to the national security or foreign policy interests of the United States … Continue Reading
Switzerland’s Federal Council followed suit in easing its sanctions policy against Iran, demonstrating “its support for the implementation of the nuclear agreement and its interest in deepening bilateral relations with Iran”. It aligned its existing sanctions regime to the EU rules, including renewing the sanctions suspensions targeting precious metals and petrochemical products. See press release.… Continue Reading
Montenegro and Albania both aligned themselves with the Decisions of the Council to extend the sanctions in place in response to the “illegal annexation of Crimea and Sevastopol” and in respect of the situation in Ukraine. EFTA countries, Iceland, Liechtenstein and Norway, have followed suit and extended their own sanctions regimes to match the extended … Continue Reading
