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On February 18, 2021, the Biden Administration rescinded the United States’ re-imposition of United Nations sanctions against Iran, which were lifted as part of the Iran nuclear deal known as the Joint Comprehensive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
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
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
We are closely monitoring the international response to the evolving political situation in Myanmar and will be 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 … Read more
Political developments in Myanmar this week raise the prospect of the possible reintroduction of sanctions against the country. International businesses with operations or investments in Myanmar should be aware of the potential for sanctions or other measures to be implemented at short notice and consider how their business may be impacted and the steps that … Read more
On January 27, 2021, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury issued General License 1A (GL 1A) in connection with Executive Order (EO) 13959 (“Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies”), dated November 12, 2020. OFAC also issued additional guidance in the form … Read more
There have been several significant developments over the past week in connection with Executive Order (EO) 13959 (“Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies”) (EO 13959 or Order), dated November 12, 2020. We have previously addressed developments related to EO 13959 in our posts in November 2020, December 2020, and … Read more
As noted in our previous posts in November and December 2020, the current US Administration has targeted certain alleged “Communist Chinese military companies” (CCMCs) via Executive Order (EO) 13959 (“Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies”) (EO 13959 or Order), dated November 12, 2020. EO 13959 prohibits US persons from engaging in … Read more
As noted in our previous post, Executive Order 13959 (“Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies”) (EO 13959 or Order), dated November 12, 2020, targets “Communist Chinese military compan[ies]” (CCMCs) by blocking “any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide … Read more
