Status: Upcoming/New Filing Acquirer: Paccar Inc. (U.S.); Cummins Inc. (U.S.); Daimler Trucks Group Company (Germany); EVE Energy Co., Ltd. (China) Acquired: New joint venture (U.S.) Value: $2-3 billion Industry Tags: Battery and Electronic Component Manufacturing; Electric Vehicles… Continue Reading
U.S. Secretary of Commerce Raimondo’s recent visit to China in late August was “part of ongoing efforts to deliver on President Biden’s directive following his meeting with President Xi in November 2022 to deepen bilateral discussions.” (Commerce Press Release, Aug. 28, 2023.) Throughout the meetings, the Commerce Secretary sought to reinforce U.S. economic interests in … Continue Reading
On October 14, 2023, the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) published in the Federal Register a final rule that amends the Export Administration Regulations, 15 C.F.R. parts 730-774 (“EAR”), “by adding additional nuclear nonproliferation controls on China and Macau.” Changes specifically apply to “items controlled for Nuclear Nonproliferation (NP) column … Continue Reading
On August 9, 2023, US President Joe Biden signed a long-awaited executive order (EO) establishing a framework for outbound US investments in emerging technologies in China. The EO subjects certain investments in semiconductors, quantum technologies, artificial intelligence (AI) and other technologies to new notification procedures or outright prohibition on direct or indirect outbound investments. However, … Continue Reading
On August 9, 2023, U.S. President Joe Biden signed an Executive Order (“EO”) titled “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concerns,” mandating the establishment of an outbound investment regulatory regime. The EO mandates that the Treasury Department, in coordination with other agencies, issue regulations to establish a … Continue Reading
As tensions between the US and China continue to build, what does this mean for US companies operating in China? Partners George Grammas and Ed Newberry discuss the current political landscape, as well as provide insight on where things are headed and what you can do to mitigate risks and protect your relationships going forward. … Continue Reading
On July 11, 2023, PURIS Proteins LLC filed antidumping (AD) and countervailing duty (CVD) petitions against pea protein from China, claimed to be (a) sold into the United States at less than normal value (i.e., at unfairly low prices, that are below cost plus reasonable profit, based on market economy standards) and (b) government subsidized … Continue Reading
In 2022, Fufeng USA, a subsidiary of Chinese company Fufeng Group, purchased 370 acres near Grand Forks, North Dakota, with the intention of developing the land to build a plant for wet corn milling and biofermentation,[1] prompting opposition from federal and state politicians.[2] North Dakota Senators, North Dakota’s Governor, and Senator Marco Rubio urged the … Continue Reading
Status: Not a Covered Transaction Acquirer: Fufeng Group (China) Acquired: Real property near Grand Forks, North Dakota Value: Approximately $2.6 million Industry Tags: Agri-Industrial; Agriculture… Continue Reading
On May 31, 2023, Novolex and union workers filed antidumping duty (AD) petitions against certain paper shopping bags imports claimed to be sold into the US at less than normal value (i.e., at unfairly low prices, such as below cost or home or third-country prices) and requested the imposition of AD import duties of: Offsetting … Continue Reading
Status Tags: Clearance; Mitigation; Withdraw and Refiled (2d Time); Interim Order; Withdrawn and Refiled Acquirer: Sino Biopharmaceutical Limited (Hong Kong SAR, China) Acquired: F-Star Therapeutics, Inc. (United Kingdom; U.S.) Value: $161 million Industry Tags: Pharmaceutical; Biotechnology; Healthcare… Continue Reading
On January 18, 2023, Cleveland-Cliffs Inc. and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, filed a petition to impose (a) antidumping (AD) duties on imports of Certain Tin Mill Products from Canada, China, Germany, Netherlands, South Korea, Taiwan, Turkey and the United Kingdom; and, (b) countervailing … Continue Reading
On January 18, 2023, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) published in the Federal Register an Interim Final Rule, 88 Fed. Reg. 2821, amending the Export Administration Regulations (EAR) (15 CFR Parts 730-774) by adding Macau to the recent controls implemented on certain advanced computing and semiconductor manufacturing items destined for … Continue Reading
On December 14, 2021, lawmakers in the House and Senate announced that they had reached an agreement on compromise language for a bill known as the Uyghur Forced Labor Prevention Act or “UFLPA.” Different versions of this measure passed the House and the Senate earlier this year, but lawmakers and Congressional staff have been working to reconcile … Continue Reading
On July 14, 2021, the Uyghur Forced Labor Prevention Act (UFLPA) was passed unanimously by the US Senate. It now moves to the House, where it is expected to pass easily – a previous version of the bill passed 406-3 in September 2020. The UFLPA reverses the previously applied burden of proof, creating a presumption … Continue Reading
On June 10, 2021, the People’s Republic of China adopted the Anti-Foreign Sanctions Law (the “Law”). The main purpose of the Law is to provide a legal basis for China to adopt retaliatory measures against any so-called “discriminatorily restrictive measures” that may be imposed by foreign countries against Chinese organizations and citizens (the “Foreign Sanctions”).… Continue Reading
Status: Clearance Acquirer: SK hynix Inc. (South Korea) Acquired: NAND business of Intel Corporation (US) Value: US$9 billion Industry: Semiconductors… Continue Reading
The US Department of Commerce issued a final rule on April 8, 2021, adding seven Chinese technology companies to the Entity List. The seven companies are:… Continue Reading
