Status: Clearance Acquirer: Algonquin Power & Utilities Corp. (Canada) Acquired: Kentucky Power Company and AEP Kentucky Transmission Company, Inc. (U.S.) Value: $2.846 billion Industry Tags: Regulated Utilities; Energy… Continue Reading
The People’s Republic of China (PRC or China) established a foreign investment security review in 2011 that focused exclusively on the merger and acquisition of domestic companies by foreign investors in a notice issued by the State Council (the 2011 Notice)1. On December 19, 2020, the National Development and Reform Committee (NDRC) and the Ministry … 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
This post is being published for The Trade Practitioner as part of a content partnership with our International Policy Practice. Please contact Matthew Kirk with any questions. We are being asked with increasing frequency by companies whether, in the context of coronavirus disease 2019 (COVID-19) lockdowns, their business counts as an “essential service”. This … Continue Reading
The post is being published for The Trade Practitioner as part of a content partnership with our Public Policy Practice. Please contact Edward Newberry and Robert Kapla with any questions. With the rapid spread of coronavirus disease 2019 (COVID-19), commonly known as the “coronavirus” or COVID-19, lawmakers are proposing and voting on policies to aid … Continue Reading
The Trump Administration issued an Executive Order (EO) on October 14, 2019, that authorized US Department of the Treasury (Treasury) and US Department of State to impose sanctions on various Turkish individuals and entities involved in the conflict in Northern Syria. The same day that the EO was issued, Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and two entities as … Continue Reading
Executive Order (EO) 13867 is the most recent in a series of EOs issued by President Trump in an effort to cut through red tape in infrastructure permitting – particularly for energy infrastructure and even more particularly for energy export infrastructure.… Continue Reading
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Status: Withdrawn Acquirer: China Energy Company Limited (China) Acquired: Cowen Inc. (US) Value: Investment of approx. US$100 million Industry: Financial Services… Continue Reading
Sudan Sanctions In 1997, the US imposed a comprehensive trade and investment embargo against Sudan. In January 2017, i.e., in the closing days of the Obama Administration, President Obama announced a six-month suspension of US economic sanctions, citing ongoing dialogue with the Sudanese government and the government’s progress in achieving milestones agreed upon in those negotiations. Specifically, the Obama Administration … Continue Reading
On September 13, 2017, the European Commission published the draft of the EU regulation establishing a common European framework for the review of incoming foreign direct investment (FDI), akin to the process in the US administered by Committee on Foreign Investment in the US (CFIUS).… Continue Reading
On 28 June 2017, the European Council extended the economic sanctions targeting specific sectors of the Russian economy until 31 January 2018. These sanctions were originally introduced on 31 July 2014 in response to Russia’s actions destablising the situation in Ukraine and to target the financial, energy and defence sectors, as well as dual-use goods. The EU has expressed that … Continue Reading
Status: Clearance Acquirer: AES Corp. (US) and Alberta Investment Management Corp. (Canada) Acquired: FTP Power LLC (US) Value: US$853 Million Industry: Energy UPDATE: On July 25, 2017, AES and Alberta Investment Management announced that they had completed “the previously announced acquisition of FTP Power LLC d/b/a sPower (‘sPower’) for approximately $853 million in … Continue Reading
Status Update: Clearance Acquirer: Algonquin Power & Utilities Corp. (Canada) Acquired: Empire District Electric Company (Missouri, U.S.) Value: Approx. US$2.4 billion Industry: Energy; Regulated Utilities UPDATE: In a recent securities filing by Algonquin Power & Utilities Corp. (Canada), it was reported that, in relation to its acquisition of Missouri based Empire District Electric … Continue Reading
Status Update: Clearance Acquirer: Tyco International plc (Ireland) Acquired: Johnson Controls, Inc. (U.S.) Value: US$11.3 billion Industry: Security Solutions UPDATE: According to SEC filings, Johnson Controls, Inc. and Tyco International plc, completed their combination on September 2, 2016. (See Johnson Controls International plc Ex-99.1 to Form 8-K, Feb. 23, 2017, SEC Filing.) Following … Continue Reading
On 19 December, the European Council extended the application of economic sanctions targeting specific sectors of the Russian economy for a further six months until 31 July 2017. These restrictions were introduced on 31 July 2014 by way of Council Regulation (EU) No 833/2014 “concerning restrictive measures in view of Russia’s actions destabilising the situation in … Continue Reading
On Tuesday, January 17, 2017, the Treasury Department’s Office of Foreign Assets Control (OFAC) will publish in the Federal Register a far-reaching amendment to its Sudanese Sanctions Regulations (SSR), 31 CFR Part 538. While styled as a “general license,” the amendment will have the practical effect of terminating the embargo of Sudan that the US … Continue Reading
