George Grammas’s presentation on “Strengthening Trade Compliance in Line with Recent Legislative Developments and Impacts to Controls via an Examination of Extraterritorial Applications, Order of Review, and Classification” is now available in our Learning Center, in which you can also find other training resources and information.… Continue Reading
On January 31, 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) announced that it has reached a settlement agreement with e.l.f. Cosmetics, Inc. in the amount of US$996,080 for potential civil liability relating to 156 apparent violations of North Korea Sanctions Regulations. The potential violations stem from importation of false eyelash kits from the People’s Republic of … Continue Reading
UPDATE: BIS is extending the public comments deadline on emerging technology export controls from December 19 this year to January 10, 2019, per an unpublished Federal Register notice released on December 13. The proposed rule will officially appear in the Federal Register on December 14. Posted on November 26, 2018 On November 19, 2018, the US … Continue Reading
Our international trade policy team recently published an analysis on the modernized North American Free Trade Agreement (NAFTA), known as the US-Mexico-Canada Agreement (USMCA). Below is a snapshot of the analysis.… Continue Reading
Status: Withdrawn and Abandoned Acquirer: China Heavy Duty Truck Group Co., Ltd. (China) Acquired: UQM Technologies, Inc. (US) Value: Approximately US$28.3 million Industry: Electric Vehicles… Continue Reading
Effective 15 April 2018 until 23 March 2025, the US Department of Commerce Bureau of Industry and Security (BIS) imposed a denial order of export privileges against Zhongxing Telecommunications Equipment Corporation of Shenzhen, China (ZTE Corporation) and ZTE Kangxun Telecommunications Ltd. of Hi-New Shenzhen, China (ZTE Kangxun) (collectively, ZTE). Additionally, both entities were added to the BIS Denied Persons List, … Continue Reading
Status: Withdrawn; Abandoned Acquirer: BlueFocus International Limited (Hong Kong SAR, China) Acquired: Cogint, Inc. (US) Value: Approx. US$100 million and non-cash consideration Industry: Technology Services; Network and Data Solutions… Continue Reading
Status Update: Abandoned Acquirer: Ant Financial (China) Acquired: MoneyGram International, Inc. (US) Value: US$880 million Industry: Financial Services… Continue Reading
On 20 October, the European Commission initiated the new anti-dumping investigation against imports of electric bicycles from China. The product concerned is cycles with pedal assistance and auxiliary electric motors. The complaint was lodged by the European Bicycle Manufactures Association, which claims that the imports of electric bicycles from China undercut and undersell the EU industry by substantial margins.… Continue Reading
On 4 October, two main law-making bodies of the EU, the European Parliament and the Council, agreed on the reform of the EU anti-dumping mechanism. The new reform should enter into force at the beginning of 2018. According to new rules, the European Commission will calculate the normal value for dumped goods imported from China, giving priorities to actual prices … Continue Reading
Status: Abandoned Acquirer: Shareco Group of America, Inc. (U.S.)/ Beijing Shareco Technologies Co., Ltd. (China) Acquired: Global Eagle Entertainment, Inc. (U.S.) Value: Approximately US$103 million Industry: Multimedia… Continue Reading
Hoverboard had its first claim to fame as a fictional levitation transport device in Back to the Future. In the real world today, the hoverboard has become a popular consumer product that was recently involved in a highly watched US International Trade Commission (USITC) Section 337 investigation. In short, the US claimants initially alleged that 28 … Continue Reading
On 27 April, the US Department of Justice announced the sentencing of Lim Yong Nam to 40 months in prison for conspiracy to illegally export radio frequency modules from the US to Iran. Separately, it also announced two separate sets of charges: (1) the indictment of Mark Komoroski for the alleged attempted export of two … Continue Reading
