OFAC Publishes Guidance on “Communist Chinese Military Companies”

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

United States imposes new restrictions on securities of companies allegedly linked to the Chinese military

In a significant new Executive Order (“Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies”) (Order) issued on November 12, 2020, the current US Administration has prohibited “any transaction” in either the “publicly traded securities,” or “derivative[s]” of securities of companies determined to be “Communist Chinese military compan[ies]” by US authorities. Thirty-one … Read more

Update on Section 889 Restrictions Relating to Telecommunications and Video Surveillance Services or Equipment from Certain Chinese Companies

Companies that do business with the US federal government have seen important changes to the requirements for federal contractors in the past several months as the US Federal Acquisition Regulatory Council (FAR Council) has proceeded with rulemaking for the implementation of Section 889 of the John S. McCain National Defense Authorization Act for Fiscal Year … Read more