Trade and Manufacturing Monitor
How New CFIUS Rules on Critical Technology Affect CFIUS Filing Strategy
The Department of Treasury’s office that administers reviews of foreign investments in U.S. companies is changing how it identifies critical technology businesses and related technologies that require mandatory review…
Takeaways from OFAC’s $4.1 Million Settlement with Berkshire Hathaway
This week, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with Berkshire Hathaway Inc. involving apparent violations of the U.S. embargo on Iran by a subsidiary in Turkey. Under the…
BIS: Exporters May Request 6 Month Extension for Export Licenses Nearing Expiration
On October 16, 2020, the Bureau of Industry and Security (BIS) announced that exporters may request a six-month extension for export licenses set to expire on or before December 31, 2020. BIS indicates that most…
U.S. Expands Sanctions on the Iranian Financial Sector
Last week, the United States expanded sanctions on Iran’s financial sector by designating 18 major Iranian banks as Specially Designated Nationals (SDNs) and authorizing additional future sanctions on the Iranian…
Trump Administration to Address U.S. Reliance on Imports of Critical Minerals
Late yesterday evening, President Trump declared a national emergency concerning the United States reliance on imports of certain “critical minerals.” The Executive Order directs a number of federal agencies, to take…