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
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
Status: Undetermined Acquirer: Brookfield Asset Management Inc. (Canada) Acquired: American Equity Investment Life Holding Company (US) Value: US$675 million Industry Tags: Financial Services; Insurance… Continue Reading
This post is being published for The Trade Practitioner to highlight our global effort to provide support and advice to help businesses navigate legal issues and manage risk. Please visit our Coronavirus COVID-19 resource hub for additional information. The recent outbreak of the coronavirus disease 2019 (COVID-19) has rapidly evolved from a local issue to … 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Status: Withdrawn Acquirer: China Energy Company Limited (China) Acquired: Cowen Inc. (US) Value: Investment of approx.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
On November 2, 2017, Representative Christopher Smith (R-NJ), introduced a bill that would “authorize a review of financial services industry requirements of the People’s Republic of China and the implications of such requirements on national security interests of the United States.” (H.R. 4235, 115th Congress, Nov. 2, 2017). The bill would require the Secretary of … Continue Reading
The first round of 5-day negotiations to modernize the North American Free Trade Agreement (NAFTA) concluded on August 20. In a joint statement released by trade officials from the United States, Mexico and Canada, they restated the commitment to updating the deal, continuing domestic consultations, and working on draft text. They also committed to a … 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
Status: Clearance Acquirer: Chongqing Casin Enterprise Group (China) Acquired: Chicago Stock Exchange, Inc. (US) Value: Unknown Industry: Financial Services UPDATE: On December 14, 2016, Reuters reported that the Chicago Stock Exchange confirmed that CFIUS had cleared the proposed investment by the Chongqing Casin Enterprise Group. (See Reuters, Exclusive: U.S. security panel clears Chinese … Continue Reading
Status: Pending Clearance Acquirer: Chongqing Casin Enterprise Group (China) Acquired: Chicago Stock Exchange, Inc. (US) Value: Unknown Industry: Financial Services On February 5, 2016, The Chicago Stock Exchange, Inc. (“CHX”) announced that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing, China based Chongqing Casin Enterprise … Continue Reading
Likely Major Policy Developments President-Elect Trump will enter the White House facing a dramatic decline in global trade growth. A recent World Trade Organization (WTO) report notes that 2016 marks the slowest pace of trade and output growth since the 2008 financial crisis. WTO Director-General Roberto Azevêdo called slowing trade growth “a wake-up call,” … Continue Reading
JASTA – Bill Sent to President. The House voted by voice vote last Friday to advance the Senate-passed JASTA measure to President Obama’s desk for signature into law. Congress acted on a measure that many believe is long-overdue for the victims of the 9/11 attack just ahead of Sunday’s 15th anniversary of the terrorist attack. … Continue Reading
MTB Developments – House Acts on the Reform Bill; Senate Fails to Act. The House passed its MTB reform bill on 27 April. The Senate attempted to “hotline” the House-passed MTB reform bill on Thursday, a procedure used to test whether there are any objections to passing a bill under unanimous consent. However, the Senate … Continue Reading
