In light of the current conflict and crisis in Ukraine, we are tracking the evolving sanctions imposed by several governments on Russia and Russia-aligned regions and certain individuals. The jurisdictions in focus are: EU, Japan, Republic of Korea, UK and US. Latest Developments:… Continue Reading
On 29 April 2020, the French Treasury announced additional emergency measures undertaken to strengthen its national foreign direct investment (FDI) screening mechanism.… Continue Reading
Status: Clearance Acquirer: Northern Private Capital (Canada); Neptune Acquisition Inc. (Canada) Acquired: MDA Business of Maxar Technologies Inc. (Canada) Value: $765 million Industry Tags: Aerospace, Satellites, Space, Technology… Continue Reading
Status: Clearance Acquirer: Citiking International US LLC (China) Acquired: One Aviation Corporation (US) Value: US$198.8 million debt value Industry: Aerospace… 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
Our Aerospace & Defense Group is pleased to partner once again with EGADD and Strategic Shipping Company Ltd to host the upcoming “The ITAR ‘Virus’ Continues to EARvolve!” US Export Controls Workshop in Stratford-Upon-Avon, UK, Monday, July 23 – Wednesday, July 25, 2018. 2018 welcomes the 11th anniversary of the workshop.… Continue Reading
Status: Clearance Acquirer: Bohai Financial Investment Holding Co., Ltd. (China) Acquired: C.I.T. Leasing Corporation (U.S.); C2 Aviation Capital, Inc. (U.S.) Value: US$10.4 Billion Industry: Aerospace UPDATE: On April 4, 2017, CIT Group Inc. “announced that it completed the sale of its commercial aircraft leasing business to Avolon Holdings Limited (Avolon), the international aircraft leasing … Continue Reading
On 21 April 2017, the US Department of Justice announced that Fuyi Sun pled guilty to violating the International Emergency Economic Powers Act, the law underlying US export controls. Specifically, Sun admitted to attempting to export to China high-grade carbon fiber – an item with aerospace and defense applications – without the required license.… Continue Reading
As a result of North Korea’s manifest violations of UN resolutions, in addition to the threat it poses to international peace and security, on 6 April, the EU Council expanded its nuclear-proliferation sanctions on North Korea. The EU’s new restrictive measures further expand the ban on EU investment in and with North Korea to the … Continue Reading
As part of a broader UK government-led Prosperity Agenda to provide UK companies support to identify and pursue potential export business opportunities, ADS – the premier trade organization for companies in the UK aerospace, defense security and space sectors – is hosting a complimentary, interactive half-day briefing for SMEs to assist with developing and applying … Continue Reading
Status: Clearance Acquirer: Midea Group Co., Ltd. (China) Acquired: KUKA AG (Germany) Value: Est. US$1.3 billion Industry: Automation UPDATE: On December 29, 2016, Midea Group received clearance from CFIUS and DDTC for its take-over of KUKA AG. (See KUKA Press Release, US Government Au thorities gront clearances for take-over of KUKA by Midea, Dec. 30, … Continue Reading
The hugely successful three-day ITAR Workshop sessions, jointly organized by EGADD, our Aerospace, Defense & Government Services Practice Group, and Strategic Shipping Company Ltd, will be taking place again in Stratford-upon-Avon, UK, on 18-20 July 2016. George Grammas will host several workshops. Subjects to be covered over the three-day sessions could, amongst others, include: US … Continue Reading
