The US has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. The latest developments occurred on April 1 and April 6. Additional jurisdictions we are tracking include: EU, Japan, Republic of Korea and … Continue Reading
On April 21, 2022, President Biden issued a proclamation prohibiting Russian-affiliated vessels from entering US ports. Under the proclamation a “Russian-affiliated vessel” means:… Continue Reading
Our Trade Practitioners recently provided an overview on Russia-related sanctions and newly imposed export controls by the US, and shared insights on how to manage US trade contracts and negotiations via two webinars. Please visit our Learning Center for the webinar recordings and presentation slides.… Continue Reading
On February 25, 2022, the Department of Commerce Bureau of Industry and Security (“BIS”) unveiled extensive new export control regulations on Russia and Russian-aligned regions of Ukraine as part of the Biden Administration’s economic sanctions package in response to the Russia-Ukraine conflict. This alert is the second installment of the Biden Administration’s response to the … Continue Reading
Additional U.S. Sanctions on Russian Financial Institutions, State-Owned and Private Entities, and Russian Individuals Deemed Close to Putin (February 24) On February 24, the United States responded to the Russian-Ukraine conflict by blocking certain Russian financial institutions and individuals, and imposing varying degrees of sanctions prohibitions on other listed Russian banks and entities, including their … Continue Reading
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
Status: Not a Covered Transaction Acquirer: ADVA Optical Networking SE (Germany) Acquired: ADTRAN, Inc. (U.S.) Value: $931 million Industry Tags: Telecommunications; Network and Data Solutions… Continue Reading
Status: Clearance Acquirer: Learning Technologies Group (United Kingdom) Acquired: GP Strategies Corporation (U.S.) Value: $394 million Industry Tags: Professional Services; Engineering & Construction… Continue Reading
On July 14, 2021, the Uyghur Forced Labor Prevention Act (UFLPA) was passed unanimously by the US Senate. It now moves to the House, where it is expected to pass easily – a previous version of the bill passed 406-3 in September 2020. The UFLPA reverses the previously applied burden of proof, creating a presumption … Continue Reading
Status: Clearance Acquirer: OMERS Infrastructure Management Inc. (Canada) Acquired: FS Saguaro, LLC, certain assets, and the Development Business of First Solar, Inc. (US) Value: US$261 million Industry: Energy… Continue Reading
Status: Clearance Acquirer: Clairvest Group Inc. (Canada) Acquired: O&M business of First Solar, Inc. (US) Value: US$213 million Industry: Energy… Continue Reading
The Golden Sentry Program monitors government-to-government transfers to ensure defense articles and services provided to foreign governments by the U.S. are being used in accordance with the transfer agreements. The program’s goals are to (1) minimize security risks to the U.S. and its allies; and (2) ensure compliance with the U.S. technology control requirements.… Continue Reading
On June 1, 2021, the US Department of Commerce’s Bureau of Industry and Security (BIS) published a notification regarding a transfer of jurisdiction of certain software and technology involved in the manufacturing, exporting, importing, or brokering of defense services created with 3D-printing technology. … Continue Reading
There is a rising tide of positivism around the Made in Italy tag. Assisted by the appointment of the Draghi government, the prospect (at least, from the perspective of many foreign investors) of a period of political stability, anticipation of a rise of consumer spending pent-up during the global lockdown, the economic boost to the … Continue Reading
