Anti-Corruption

France Implements Sweeping Anti-Corruption ReformFrance Introduces Sweeping Anti-Corruption Reform

Anti-Dumping

Two Years On: Implementation of the New Methodology in Anti-Dumping CasesFirst Country Report on New EU Anti-dumping Rules ReleasedEU’s New Anti-dumping Methodology Enters Into Force

Arbitration

The New Supplemental Arrangement Concerning Enforcement of Arbitral Awards Between Mainland China and Hong KongIn Annulment Proceedings over ICC Award, Paris Court Rules on Nature of US, EU and UN Sanctions

Belarus

EU On Alert Towards Russian FDIOFAC Revokes Key General License Under Belarus Sanctions Program

Belgium

FDI Screening Mechanism Now Active in Belgium

Brexit

UK Competition Law After Brexit – Plus Ça Change…Brexit: No Change Until end-2020; Uncertainty ThereafterThe EU and UK Agree on Arrangements for Brexit Transition Period and Future Relationship Framework

CFIUS

CFIUS Releases 2022 Annual Report – Key TakeawaysU.S. Treasury Department Issues First-Ever Guidance on CFIUS Enforcement and Penalty PracticesPresident Biden Issues CFIUS-Related Executive Order Regarding Evolving National Security Landscape

China

U.S. Government Unveils Proposal for Outbound Investment Regime Targeting ChinaRussia and Beyond: Sanctions Developments and Lessons for Boards from 2022PAIP Act Authorizes Sanctions for Trade Secret Theft by Chinese Actors

China Trade

China Passes “Anti-Foreign Sanctions Law”Biden Administration Overhauls Chinese Securities Investment RestrictionsCurrent Status of Restrictions on Securities of Chinese Military Companies

COVID-19

Italy Further Broadens Its FDI RegimeChanges to the German Foreign Direct Investment Control Regime Take Shape Amid the COVID-19 CrisisCOVID-19: CFIUS Considerations for Distressed M&A and Lending Transactions

Cross-border M&A

UK National Security Regime: Enforcement Practice and Updated GuidanceU.S. Treasury Adopts Final Corporate Beneficial Ownership Reporting RuleGlobal Merger Control and Foreign Direct Investment Considerations Associated with Cross-Border Transactions

Cuba

US Tightens Controls on US-Origin Components in Goods Exported to CubaCuba Sanctions Tighten: OFAC Limits Cuba Travel

Disputes

Russia-Ukraine Disputes Taskforce: Risk of Criminal LiabilityRussia-Ukraine Disputes TaskforceFirst Country Report on New EU Anti-dumping Rules Released

Dual Use

BIS Tightens National Security Export ControlsEU Publishes Non-Binding Guidance on Internal Compliance Programmes for Dual-Use Trade Controls

Enforcement

FinCEN Proposes Rule Regarding Access to Beneficial Ownership Information under the Corporate Transparency ActU.S. Treasury Department Issues First-Ever Guidance on CFIUS Enforcement and Penalty PracticesOFAC and FinCEN Announce Joint Enforcement Action Against U.S.-Based Digital Asset Exchange

Europe

Benelux FDI: Luxembourg FDI Screening Regime Enters Into ForceCleary Gottlieb FDI Newsletter: May–July 2023Nationalization of Russian Assets of Investors From Unfriendly States Continues

Europe Trade

UK Government Considers Changes to National Security and Investment RegimeCleary Gottlieb FDI Newsletter: May–July 2023EU Approves Ban on Products Linked to Deforestation

European Union

Notification Obligations under the EU Foreign Subsidies Regulation Take EffectThe evaluation of the German FDI Regime – Cornerstones of potential revisions revealedEU Foreign Subsidies: Filing Forms Adopted and Regulation Takes Effect

Export Control

Benelux FDI: Luxembourg FDI Screening Regime Enters Into ForceDOJ, Commerce, and Treasury Issue Advisory on Voluntary Self-Disclosure PoliciesEU Approves Ban on Products Linked to Deforestation

FDI

DOJ New Safe Harbor Policy for Voluntary Self-Disclosures in M&AThe evaluation of the German FDI Regime – Cornerstones of potential revisions revealedBenelux FDI: Luxembourg FDI Screening Regime Enters Into Force

FinTech

OFAC and FinCEN Announce Joint Enforcement Action Against U.S.-Based Digital Asset ExchangeU.S. Federal Judge Finds Probable Cause for Conspiracy to Violate U.S. Sanctions and to Defraud the United States in First Published Opinion Discussing U.S. Sanctions Violations Involving Use of CryptocurrencyPresident Biden Issues Executive Order on Digital Assets

Foreign Investment

The evaluation of the German FDI Regime – Cornerstones of potential revisions revealedBenelux FDI: Luxembourg FDI Screening Regime Enters Into ForceCleary Gottlieb FDI Newsletter: May–July 2023

Foreign Subsidies Regulation

Notification Obligations under the EU Foreign Subsidies Regulation Take EffectCommission Consults on Notification Requirements and Process for EU Foreign Subsidies RegulationNew EU Rules for Regional Subsidies to Enter Into Force

France

French Government Issues Guidelines on FDI RegulationGlobal FDI Review Landscape Continues to EvolveFrance Foreign Investment Control – New Rules Temporarily Applicable to non-EU/EEA Investments Enter Into Force Today

FTAs

European Commission’s Call for Proposals on Regulatory Cooperation under CETAAdoption of European Commission Mandate – Brexit Negotiations Can Now StartECJ Issues Opinion on Singapore FTA: Answers to Guide Brexit Trade Negotiators

Germany

The evaluation of the German FDI Regime – Cornerstones of potential revisions revealedGerman FDI Reviews of Chinese Investments in 2022 Confirm the Current Trend – Strict Scrutiny and Political Dimension in Decision MakingGermany Prohibits Acquisition of Heyer Medical by Chinese Investor

Hong Kong

The New Supplemental Arrangement Concerning Enforcement of Arbitral Awards Between Mainland China and Hong KongState Department Releases Hong Kong Autonomy Act Persons Report, Starts the Clock for Foreign Financial Institutions ReportExecutive Order Eliminates Differential Treatment for Hong Kong

Illegality

OFAC Ramps up Targeting of Ransomware-linked Actors and FinCEN Updates Ransomware AdvisoryOFAC and FinCEN Issue Advisories on Cyber Ransom PaymentsRansomware and Sanctions Compliance: Considerations for Responses to Attacks

International Trade

UK Government Considers Changes to National Security and Investment RegimeOFAC Eases Venezuela Sanctions; Lifts Secondary Market Trading Ban on U.S. PersonsDOJ New Safe Harbor Policy for Voluntary Self-Disclosures in M&A

Iran

Economic Sanctions: Developments and ConsiderationsIran Secondary Sanctions Expanded to Cover Construction, Mining, Manufacturing, and Textiles SectorsThe Impact of Sanctions on Arbitration: A Recent Case Study Involving the EU Sanctions Regime

Italy

Italian FDI, When the Government May Rewrite Corporate GovernanceItaly Further Broadens Its FDI RegimeItaly Extends Its COVID-19 Emergency FDI Review Regime Through 2022

Japan

Opening Up European and Japanese Markets: What the EU-Japan Trade Deal Means for Businesses

Litigation

European Commission Publishes New Guidance on Scope of Sanctions ProhibitionsU.S. Supreme Court Holds FSIA Does Not Immunize Foreign Sovereigns From Criminal ProsecutionRussia-Ukraine Disputes Taskforce: Risk of Criminal Liability

North Korea

Compromise U.S. Defense Bill Provides for New Secondary Sanctions Against Russia, Syria, and North KoreaSanctions Outlook: Congress to Consider Sanctions Provisions in FY2020 Defense BillUnited States Imposes Secondary Sanctions on Dealings with North Korea

Russia

European Commission Publishes New Guidance on Scope of Sanctions ProhibitionsCourt of Appeal Gives Judgment on Effect of Russia Sanctions on Pending LitigationSuspension of Rights of Foreign Shareholders and Grant of Pre-emptive Rights to the State to Acquire Russian Assets of Foreign Companies Exiting Russia

Sanctions

The Control Test in the UK’s Sanctions Framework: Recent DevelopmentsEuropean Commission Publishes New Guidance on Scope of Sanctions ProhibitionsCourt of Appeal Gives Judgment on Effect of Russia Sanctions on Pending Litigation

Syria

New Syria-Related Sanctions Regulations Issued; Secondary Sanctions Authority Targeting Syria to Take Effect Soon

Trade Defense

European Commission Launches Public Online Consultation on Possible Methodology Changes in Trade Defense Investigations Regarding China

Trade Negotiations

OFAC Eases Venezuela Sanctions; Lifts Secondary Market Trading Ban on U.S. PersonsEU Trade Quarterly SummaryEU Trade Quarterly Summary

U.S.

OFAC Eases Venezuela Sanctions; Lifts Secondary Market Trading Ban on U.S. PersonsDOJ New Safe Harbor Policy for Voluntary Self-Disclosures in M&AU.S. Government Unveils Proposal for Outbound Investment Regime Targeting China

U.S. Trade

OFAC Eases Venezuela Sanctions; Lifts Secondary Market Trading Ban on U.S. PersonsDOJ, Commerce, and Treasury Issue Advisory on Voluntary Self-Disclosure PoliciesSupport for “Reverse CFIUS” Outbound Investment Screening Regime Grows

Ukraine

Russian Countermeasures: The Governmental Commission Imposes Additional Conditions on Exits by Investors From Unfriendly Jurisdictions11th Package of EU Economic Sanctions Against RussiaUK Russian Sanctions Expanded Following G7 Summit

Uncategorized

Outbound Investment Screening Regime—EU May Follow In U.S. Footsteps

United Kingdom

The Control Test in the UK’s Sanctions Framework: Recent DevelopmentsUK Government Considers Changes to National Security and Investment RegimeCourt of Appeal Gives Judgment on Effect of Russia Sanctions on Pending Litigation

Venezuela

OFAC Eases Venezuela Sanctions; Lifts Secondary Market Trading Ban on U.S. PersonsRecent OFAC Actions Related to the Oil SectorU.S. Government Reportedly Taking Steps Toward Limited Easing of Venezuela-Related Sanctions

WTO

EU Trade Quarterly SummaryEU Trade Quarterly SummaryEU Trade Quarterly Summary