Update and Correction: We had understood that the date for the announcement of a regulatory change would be February 13. That understanding is (pretty obviously, now, on February 14) incorrect. We still believe the change is imminent and will update
Global Trade Law Blog
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Domestic Content Requirements of the Inflation Reduction Act: Basic Requirements, Qualification Analysis, and Lingering Questions
For years, domestic content requirements have been a point of pain and frustration for government contractors. Historically, these regimes typically come in the form of the proverbial stick – that is, provide products and/or services that meet these country of…
New Year, New Development: Fewer Industries May be Affected by Proposed Outbound Investment Controls (Reverse CFIUS)
Key Takeaways
- New outbound investment controls likely to focus on semiconductors, AI, and quantum computing.
- Biotechnology and battery technology investments overseas may not be subject to the upcoming proposed controls.
…
Potential Sanctions for Alleged Intellectual Property Theft on the Horizon?
Background
On January 5, 2023, President Biden signed into law S. 1294, the “Protecting American Intellectual Property Act of 2022”. The Act requires the president to report to Congress and impose sanctions on any foreign person or entity the…
Nota Bene Podcast Re-Launched to Provide International Law and Policy Insights
Multinational businesses have always been affected by major developments in international trade, global risk and geopolitical shifts. The importance of these issues is increasing every day in light of events such as the U.S.-China trade war, the global response to…
The New Containment: How the Semiconductor Industry Came to Be at the Heart of the Technological Cold War
As you may have heard here (and here and here), in October 2022, the United States issued sweeping measures aimed at the semiconductor industry in China. The new regulations restrict the export of semiconductors and related technology, manufacturing equipment,…
Will We Ring in the New Year with Outbound Investment Restrictions?
China Semiconductor Regulations, Episode II – The Curious Case of the American in a Chinese Chip Company
Key Takeaways
- U.S.-person personnel at Chinese chip manufacturers are in a precarious position.
- New rules limit what activities those persons may undertake with respect to their work.
- However, there are ways they can nevertheless contribute to their companies, maintain their
…
OFAC Continues Focus on Virtual Currency Industry with Announced Settlement with Payward, Inc.
On November 28, 2022, the Office of Foreign Assets Control (OFAC) announced a $362,158.70 settlement agreement with Payward, Inc. (Kraken), an online virtual currency exchange, in connection with 826 apparent violations of the Iranian Transactions and Sanctions Regulations. This enforcement…
China Tariffs: Opportunity to Request Modifications
On November 15, 2022, the United States Trade Representative (USTR) opened its docket (USTR-2022-0014) seeking public comments in its review of the Trump-era tariffs on Chinese imports. The tariffs were issued by then-President Donald J. Trump under Section 301 of…