On May 21, 2019 the US Commerce Department, Bureau of Industry and Security (BIS) is expected to publish in the Federal Register a Final Rule designating Huawei Technologies Co., Ltd. (Huawei) and 68 affiliated Huawei entities located in 26 countries (collectively, the “Huawei Listed Companies”) to the Entity List. … 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
Our Aerospace & Defense Group is pleased to partner once again with EGADD and Strategic Shipping Company Ltd to host the upcoming “The ITAR ‘Virus’ Continues to EARvolve!” US Export Controls Workshop in Stratford-Upon-Avon, UK, Monday, July 23 – Wednesday, July 25, 2018. 2018 welcomes the 11th anniversary of the workshop.… Continue Reading
On 23 November, the EU Trade Committee voted to extend EU export controls to include cyber-surveillance technologies (i.e. ones that could be used not only for civilian purposes, but also in violation of human rights). The new rules would essentially modernise the existing dual-use regulation (428/2009) to encompass cyber-surveillance items that might be used as … Continue Reading
The Foreign Investment Risk Review Modernization Act of 2017 (“S. 2098/H.R. 4311” or FIRRMA) was introduced in the US Congress on November 8, 2017 to institute “a modernization of the processes and authorities” of the Committee on Foreign Investment in the United States (CFIUS or the “Committee”).… 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
Status: Withdrawn and Abandoned Acquirer: Hybrid Kinetic Group Limited (Hong Kong SAR, China) Acquired: UQM Technologies, Inc. (US) Value: Approx. US$48 million Industry: Automotive; Electric Vehicles… Continue Reading
On 5 April 2017, the ECO revoked the following OGELs, including: Exports of military goods, software and technology (new OGEL for Military Goods, Software and Technology) Exports under the US-UK Defence Trade Co-operation treaty (new OGEL for Exports under the US-UK Defence Trade Cooperation Treaty) Exports of military goods, software or technology to a government … Continue Reading
As part of a broader UK government-led Prosperity Agenda to provide UK companies support to identify and pursue potential export business opportunities, ADS – the premier trade organization for companies in the UK aerospace, defense security and space sectors – is hosting a complimentary, interactive half-day briefing for SMEs to assist with developing and applying … Continue Reading
Status: Clearance Acquirer: Midea Group Co., Ltd. (China) Acquired: KUKA AG (Germany) Value: Est. US$1.3 billion Industry: Automation UPDATE: On December 29, 2016, Midea Group received clearance from CFIUS and DDTC for its take-over of KUKA AG. (See KUKA Press Release, US Government Au thorities gront clearances for take-over of KUKA by Midea, Dec. 30, … Continue Reading
Status: Clearance Acquirer: Beijing E-Town Chipone Technology Co., Ltd. (China) Acquired: Integrated Memory Logic Limited (U.S.) Value: Approx. US$144.5 million Industry: Integrated Circuits; Semiconductors On November 2, 2016, Exar Corporation announced that it received clearance from the Committee on Foreign Investment in the United States (CFIUS) concerning the sale of its fabless semiconductor subsidiary, Integrated Memory … 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,” especially … Continue Reading
Status: Clearance Acquirer: Mitel Networks Corporation (Canada) Acquired: Polycom, Inc. (U.S.) Value: Approximately US$1.96 billion Industry: Telecommunications On April 15, 2016, Mitel, a Canadian company, announced a definitive deal to acquire Polycom, a US business, to make a global leader in communications technologies. See press release (April 15, 2016). On June 28, 2016, 74 days after execution of … Continue Reading
The House Ways and Means Committee marked up a bill (H.R. 4923) last Wednesday that would reform the Miscellaneous Tariff Bill (MTB) process. The full House will consider the measure this Wednesday under suspension of the rules, which is reserved for non-controversial bills. The House will also consider the Senate-passed version of the Defend Trade … Continue Reading
