OFAC Sanctions Key State-Owned Timber and Pearl Enterprises in Myanmar

On April 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated two state-owned enterprises, Myanma Timber Enterprise (“MTE”) and Myanmar Pearl Enterprise (“MPE”). MTE and MPE were designated pursuant to Executive Order 14014, “Blocking Property With Respect to the Situation in Burma [also known as ‘Myanmar’],” for being a … Read more

Biden Lifts ICC Sanctions, US Moves Closer to Iran Deal

The Biden Administration has announced several significant decisions over the past few days. On April 1, President Biden signed Executive Order 14022 (the “EO 14022”), terminating the national emergency declared in Executive Order 13928, dated on June 11, 2020 (“EO 13928”). EO 14022 reverses EO 13928, which blocked the property of certain persons associated with … Read more

US Expands Myanmar Sanctions Measures

We continue to closely monitor the international response to the political situation in Myanmar and are providing regular updates in relation to sanctions and other developments that may impact international businesses with interests or operations in Myanmar. For further information on the current situation, please get in touch with one of our key contacts below. … Read more

Myanmar sanctions tracker

We continue to closely monitor the international response to the political situation in Myanmar and are providing regular updates in relation to sanctions and other developments that may impact international businesses with interests or operations in Myanmar. For further information on the current situation, please get in touch with one of our key contacts below. … Read more

US Court Provides Relief from Chinese Military Company Designation

As widely reported in the press this week, leading Chinese smartphone manufacturer Xiaomi Corporation has successfully appealed to the US federal judiciary against its designation as a Communist Chinese Military Company (CCMC), thus avoiding the broad-ranging export and investment restrictions implicated by this designation. In this post we examine the judgment of the US District … Read more

The US Imposes Additional Sanctions in Response to the Myanmar Coup

On March 10, 2021, the US imposed additional sanctions related to the February 1, 2021 coup in Myanmar (“Coup”), pursuant to Executive Order (“EO”) 14014. In a press release, OFAC stated that it sanctioned the two adult children of the commander-in-chief of the Myanmar military forces, as well as six entities that are owned or … Read more

Biden Administration Rescinds Re-Imposition of UN Sanctions, Calls for Renewed JCPOA Negotiations with Iran

On February 18, 2021, the Biden Administration rescinded the United States’ re-imposition of United Nations sanctions against Iran, which were lifted as part of the Iran nuclear deal known as the Joint Comprehensive Plan of Action (“JCPOA”). The rescission is another step in the Biden Administration’s continuing efforts to have the United States re-join the … Read more

Biden Administration Imposes Sanctions in Response to Myanmar Coup, Warns of “Strong” Export Controls to Come

On February 11, 2021, President Biden issued an Executive Order (“EO”) in response to the February 1, 2021, coup in Myanmar.  The same day, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) designated ten individuals and three entities connected to the Myanmar military as “specially designated nationals” or “SDNs” pursuant to the … Read more

Myanmar Sanctions Tracker

We are closely monitoring the international response to the evolving political situation in Myanmar and are providing regular updates in relation to sanctions and other developments that may impact international businesses with interests or operations in Myanmar. For further information on the current situation, please get in touch with one of our key contacts below … Read more