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China Issues Legislation to Block Unjustified Extra-territorial Application of Foreign Legislation and Measures

China - January 13 2021 On January 9, 2021, the Ministry of Commerce ("MOFCOM") of the People’s Republic of China ("PRC") issued Rules on Counteracting Unjustified...

Paulette Vander Schueren, Edouard Gergondet, Heng Li, Margaret-Rose Sales, Jing Zhang.

US Imposes Technology Transfer and Export Restrictions on Dozens of Chinese Companies, Including Top Chipmaker and Drone Manufacturer

USA, China - December 21 2020 On December 18, 2020, the US Department of Commerce Bureau of Industry and Security (BIS) announced the designation of 60 additional Chinese companies...

Duncan A. W. Abate, Yoshihide Ito, Andrew Olmem, Jing Zhang.

US Takes Action to Bar American Investments in Broad Range of Chinese Companies Deemed Linked to the Chinese Military

USA, China - November 16 2020 A new executive order, issued by President Trump on November 12, 2020, will prohibit investments in companies that the US government determines...

Mickey Leibner, Timothy J. Keeler, Andrew Olmem, Margaret-Rose Sales.

Update on Hong Kong Autonomy Act: State Department Report and Treasury Department Guidance Issued

USA, China, Hong Kong - October 19 2020 On October 14, 2020, the US State Department released its report required under Section 5(a) of the Hong Kong Autonomy Act (“HKAA”). As detailed in...

Yoshihide Ito, Andrew Olmem, Margaret-Rose Sales, Jing Zhang.

OFAC and FinCEN Communicate Ransomware Expectations in New Guidance

USA - October 5 2020 On October 1, 2020, the US Treasury Department issued important guidance on what victims of ransomware attacks, as well as financial institutions...

Thomas J. Delaney, Rajesh De, Joshua M. Silverstein, Ori Lev, David A. Simon, Gabriel Perlman, Matthew Bisanz.