Status Update: Clearance Acquirer: TDK Corporation (Japan) Acquired: InvenSense, Inc. (U.S.) Value: Approx. US$1.3 billion Industry: Technology Services UPDATE: InvenSense, Inc., a leading provider of MEMS sensor platforms, issued a statement on April 18, 2017 that “all necessary regulatory clearances have been received for the acquisition by TDK Corporation of InvenSense, including from … Continue Reading
Status Update: Clearance Acquirer: Renesas Electronics Corp. (Japan) Acquired: Intersil Corp. (U.S.) Value: Approx. US$3.22 Billion Industry: Semiconductors UPDATE: On February 21, 2017, Intersil Corporation issued a press release stating that, in relation to its pending acquisition by Renesas Electronics Corporation, the parties “received notification by the Committee on Foreign Investment in the United States … Continue Reading
On Monday, 13 February, President Donald Trump welcomed Canadian Prime Minister Justin Trudeau to the White House. President Trump hosted Israeli Prime Minister Benjamin Netanyahu at the White House on Wednesday. The U.S. Senate confirmed Steven Mnuchin to serve as Secretary of the Treasury on Monday evening. Congress is scheduled to be in recess next … Continue Reading
In response to its recent nuclear and ballistic missile tests, South Korea and Japan have announced that they are imposing new unilateral sanctions on North Korea. The announcements directly follow the UN Security Council’s decision to impose new sanctions on North Korea. Japan is set to impose asset freezes on more people and entities that … Continue Reading
Iran – Sanctions Measure Advances. Last week, the Senate passed the Iran Sanctions Extension Act (H.R. 6297) by a vote of 99-0, sending the measure to President Obama’s desk. Members of Congress and Administration officials have said they do not believe renewal of the Iran Sanctions Act (ISA) would violate terms of the nuclear agreement … 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
G-7 Leaders’ Declaration. The G-7 Leaders’ Declaration issued on Friday from Ise-Shima, Japan, touched on topics such as the global economy, trade, maritime security, cyberspace, anti-corruption, infrastructure, global health challenges, climate change and female empowerment. The Leaders advocated TPP member states ratify the agreement, while also addressing the global excess steel capacity issue, government subsidies … Continue Reading
TPP – ITC Report Released. Late Wednesday afternoon, the ITC released its report on the effects of the proposed TPP on the U.S. economy. The nearly 800-page report examines specific industry sectors in the United States and seeks to ascertain which would benefit or suffer from the deal. U.S. Trade Representative Michael Froman immediately issued … Continue Reading
The US Congress passed legislation on 12 February 2016 (Pub. L. 114-122) that would enhance the current economic sanctions program against North Korea. The measure is intended to address recent aggressive tactics by North Korea, including nuclear and missile tests, cyber-attacks, human rights abuses and other activities. It authorizes direct or “primary” sanctions against persons … Continue Reading
Our firm recently became one of two sponsors of Washington International Trade Association (WITA)’s TPP Series. The series aim to convene diverse stakeholders in the TPP game to discuss various aspects of the ambitious agreement over the next few months. The first event launched on November 19 at WITA’s home in the Ronald Reagan International Trade Center in … Continue Reading
