Washington, D.C. – January 23, 2023: Jason Prince, former chief counsel to the U.S. Treasury Department’s Office of Foreign Assets Control, has joined Crowell & Moring and will advise financial institutions and other companies on the growing list of sanctions and export controls on Russia and other targeted nations and parties.
Prince brings in-depth experience
This Tuesday, January 17, marked the close for the Office of the United States Trade Representative’s (USTR’s) comment period for its statutory 4-year review of tariffs imposed on Chinese goods under Section 301 of the Trade Act of 1974. To-date, the Biden Administration has retained Section 301 tariffs on over $300 billion worth of imports
On December 5th, the Department of State’s Directorate of Defense Trade Controls (DDTC) issued new Compliance Program Guidelines (CPG) intended to provide an overview of an effective compliance program.
The CPG is broken down into elements covering the spectrum of ITAR compliance from company management commitment, registration, jurisdiction and classifications, authorizations, recordkeeping, violations
On October 7, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) simultaneously published a final rule strengthening the antiboycott regulations in Part 766 of the Export Administration Regulations (EAR) (the “Final Rule”), as well as a memorandum on the new rule’s implementation (the “Final Rule Memo”), issued by the Assistant Secretary
EU Updates FAQS to Address Energy Security: On October 7, 2022, the EU updated two FAQs clarifying the impact of Council Regulation 833/2014 on the import, purchase and transfer of listed goods. The EU clarified that Council Regulation 833/2014 prohibits the transfer of any listed goods if they originate in Russia or are exported from
New UK Sanctions:On July 21, 2022, the UK introduced a new tranche of restrictions in the 14th amendment to its Russian Sanctions Regulations. Several of the new restrictions are detailed below.
The UK prohibited UK persons from directly or indirectly providing accounting services, business and management consulting services, and public relations services to “
Please join us for an update on the current developments at the EU level, in Germany as well as in the USA and UK. We look forward to a thoughtful discussion from Stephan Müller of Oppenhoff and Caroline Brown and Peter Broadhurst of Crowell & Moring.
Foreign trade law, and in particular Foreign Investment Control
Russia Sanctions: Last Friday, the U.S. (BIS) added a number of entities to the Entity List citing their support of the Russian and Belarusian militaries. Over the April 1 weekend, the world began to learn of the atrocities in Bucha. The U.S., UK, and EU have since responded with a number of new sanctions
Our Trans-Atlantic team provides guidance on the current state of the rapidly changing Russia-related sanctions landscape, including new measures both implemented and expected, from the United States, United Kingdom, and European Union.
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On January 25, 2022, the House Ways and Means Committee released the America COMPETES Act as the House counterpart to the U.S. Innovation and Competition Act. Commonly referred to as the China packages, both pieces of legislation include trade titles which will now proceed to conference following a floor vote in the House. While the