On October 15, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued “Sanctions Compliance Guidance for the Virtual Currency Industry” (the “Guidance”). The Guidance follows recent guidance and advisory letters directed to the
Continue Reading OFAC Issues Sanctions Guidance to Virtual Currency Industry
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OFAC Issues Sanctions Guidance to Virtual Currency Industry
On October 15, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued “Sanctions Compliance Guidance for the Virtual Currency Industry” (the “Guidance”). The Guidance follows recent guidance and advisory letters directed to the…
Continue Reading OFAC Issues Sanctions Guidance to Virtual Currency Industry
OFAC Issues Sanctions Guidance to Virtual Currency Industry
On October 15, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued “Sanctions Compliance Guidance for the Virtual Currency Industry” (the “Guidance”). The Guidance follows recent guidance and advisory letters directed to the…
Continue Reading OFAC Issues Sanctions Guidance to Virtual Currency Industry
New DOL Proposal on ESG Investing and Fiduciary Exercise of Shareholder Rights
On October 14, 2021, the U.S. Department of Labor (the “DOL”) issued a proposed rule (the “Proposed Rule”) clarifying whether investments made by fiduciaries of plans subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) may take into…
Continue Reading New DOL Proposal on ESG Investing and Fiduciary Exercise of Shareholder Rights
UK Public M&A Round-Up – Autumn 2021
Welcome to the Autumn edition of our UK Public M&A Round-up.
This issue includes:
A Look Behind the CFIUS Non-Notified Process Curtain; How it Works and How to Handle Outreach From CFIUS
The Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) is a U.S. government interagency committee that has the authority to review investments that provide a foreign person with control or, in some cases, certain non-controlling rights…
Continue Reading A Look Behind the CFIUS Non-Notified Process Curtain; How it Works and How to Handle Outreach From CFIUS
New Biotech Export Controls Expand CFIUS Mandatory Notification Requirements
Earlier this week, the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) published a final rule (the “Final Rule”) imposing export controls on additional emerging technologies pursuant to the Export Control Reform Act of 2018 (“ECRA”).[1] …
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Is Your U.S. Sponsored Private Equity Fund a Foreign Person for CFIUS Purposes?
Maybe.
Let’s use a typical U.S. sponsored private equity fund as an example. In this example, the limited partnership (“Fund”) is registered in the Cayman Islands and managed by a U.S.-based investment firm through a U.S.-based general partner (“GP”) entity…
Continue Reading Is Your U.S. Sponsored Private Equity Fund a Foreign Person for CFIUS Purposes?
OFAC Updates Ransomware Advisory and Sanctions Virtual Currency Exchange
On September 21, 2021, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC): (i) issued an updated advisory on potential sanctions risks for facilitating ransomware payments; and (ii) designated SUEX OTC, S.R.O. (SUEX), a virtual currency exchange,…
Continue Reading OFAC Updates Ransomware Advisory and Sanctions Virtual Currency Exchange
OFAC Updates Ransomware Advisory and Sanctions Virtual Currency Exchange
On September 21, 2021, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC): (i) issued an updated advisory on potential sanctions risks for facilitating ransomware payments; and (ii) designated SUEX OTC, S.R.O. (SUEX), a virtual currency exchange,…
Continue Reading OFAC Updates Ransomware Advisory and Sanctions Virtual Currency Exchange