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

President Biden Issues Order Blocking the Proposed Acquisition of United States Steel Corporation by Nippon Steel Corporation, and The Parties Sue for a New ReviewTreasury Issues Final Rule Enhancing CFIUS Mitigation and Enforcement AuthorityCommerce Imposes Export Controls on Quantum Computing and Other Advanced Technologies, Expands Scope of CFIUS Mandatory Filing Requirement

China

Commerce Takes Next Step in Furtherance of Import Prohibition on Connected Vehicles and Systems from China and RussiaThe European Commission targets Chinese battery electric vehicles with provisional duties to counteract subsidiesPresident Biden Issues Order Requiring Chinese Owner to Divest Cryptocurrency Mining Facility Near U.S. Military Base

China Trade

The European Commission targets Chinese battery electric vehicles with provisional duties to counteract subsidiesChina Passes “Anti-Foreign Sanctions Law”Biden Administration Overhauls Chinese Securities Investment Restrictions

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

You’re Invited: U.S. Outbound Investment Security Program Webinar on January 7, 2025You’re Invited: U.S. Outbound Investment Security Program Webinar on December 16, 2024Treasury Issues Final Rule Enhancing CFIUS Mitigation and Enforcement Authority

Europe

The European Commission targets Chinese battery electric vehicles with provisional duties to counteract subsidiesMixed-Interventionist Approach to Cross-Jurisdictional Issues arising from SanctionsCleary Gottlieb FDI Newsletter: November – December 2023

Europe Trade

Cleary Gottlieb FDI Newsletter: November – December 2023UK Government Considers Changes to National Security and Investment RegimeCleary Gottlieb FDI Newsletter: May–July 2023

European Union

Sanctions on Russian Securities Infrastructure Create Additional Hurdles to Divesting from RussiaEU FDI: State Of The Union (2024)Definitive Duties Adopted by the EU on Chinese Battery Electric Vehicles to Counteract Subsidies to Apply by October 30

Export Control

Price Cap Coalition Issues Updated Advisory for Maritime Oil IndustryU.S., UK, and EU Sanctions Alignment: U.S. IT and Software Sector Service Bans and Export Controls Take Effect as Russia Sanctions Continue to ExpandCommerce Imposes Export Controls on Quantum Computing and Other Advanced Technologies, Expands Scope of CFIUS Mandatory Filing Requirement

FDI

EU FDI: State Of The Union (2024)Long-Awaited U.S. Outbound Investment Regime Published, Will Become Effective January 2, 2025Global FDI Update: July – September 2024

FinTech

President Biden Issues Order Requiring Chinese Owner to Divest Cryptocurrency Mining Facility Near U.S. Military BaseOFAC 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 Cryptocurrency

Foreign Investment

President Biden Issues Order Blocking the Proposed Acquisition of United States Steel Corporation by Nippon Steel Corporation, and The Parties Sue for a New ReviewYou’re Invited: U.S. Outbound Investment Security Program Webinar on January 7, 2025You’re Invited: U.S. Outbound Investment Security Program Webinar on December 16, 2024

Foreign Subsidies Regulation

The European Commission targets Chinese battery electric vehicles with provisional duties to counteract subsidiesNotification Obligations under the EU Foreign Subsidies Regulation Take EffectCommission Consults on Notification Requirements and Process for EU Foreign Subsidies Regulation

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

Overall number of German FDI screenings slightly dropped in 2023, but review follows the trends of prior yearsThe 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 Making

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

OFAC Sanctions Gazprombank, Continues to Target Russian Financial Sector and Foreign Financial InstitutionsRussian Countermeasures: The Governmental Commission Tightens Conditions for Exits by Investors From Unfriendly JurisdictionsPrice Cap Coalition Issues Updated Advisory for Maritime Oil Industry

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

Mexico

United States and Mexico to Bolster Cooperation in Foreign Direct Investment Screening

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

Sanctions on Russian Securities Infrastructure Create Additional Hurdles to Divesting from RussiaOFAC Sanctions Gazprombank, Continues to Target Russian Financial Sector and Foreign Financial InstitutionsRussian Countermeasures: The Governmental Commission Tightens Conditions for Exits by Investors From Unfriendly Jurisdictions

Sanctions

Sanctions on Russian Securities Infrastructure Create Additional Hurdles to Divesting from RussiaOFAC Sanctions Gazprombank, Continues to Target Russian Financial Sector and Foreign Financial InstitutionsRussian Countermeasures: The Governmental Commission Tightens Conditions for Exits by Investors From Unfriendly Jurisdictions

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.

President Biden Issues Order Blocking the Proposed Acquisition of United States Steel Corporation by Nippon Steel Corporation, and The Parties Sue for a New ReviewYou’re Invited: U.S. Outbound Investment Security Program Webinar on January 7, 2025You’re Invited: U.S. Outbound Investment Security Program Webinar on December 16, 2024

U.S. Trade

Sanctions on Russian Securities Infrastructure Create Additional Hurdles to Divesting from RussiaCommerce Takes Next Step in Furtherance of Import Prohibition on Connected Vehicles and Systems from China and RussiaCommerce Imposes Export Controls on Quantum Computing and Other Advanced Technologies, Expands Scope of CFIUS Mandatory Filing Requirement

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

Sanctions on Russian Securities Infrastructure Create Additional Hurdles to Divesting from RussiaU.S., UK, and EU Sanctions Alignment: U.S. IT and Software Sector Service Bans and Export Controls Take Effect as Russia Sanctions Continue to ExpandUK National Security Regime: Annual Report 2024 and Observations on Recent Practice

Venezuela

OFAC Allows Venezuelan Oil and Gas Authorization to Expire and Extends Prohibitions to Execution on PdVSA 2020 Bond CollateralEconomic Sanctions: Developments and Lessons for Boards in 2024OFAC Eases Venezuela Sanctions; Lifts Secondary Market Trading Ban on U.S. Persons

WTO

EU Trade Quarterly SummaryEU Trade Quarterly SummaryEU Trade Quarterly Summary