In a closely watched case, the US Court of Appeals for the Eleventh Circuit has concluded that officers and employees of a foreign government-owned company may be “foreign officials” for purposes of the anti-bribery prohibitions of the Foreign Corrupt Practices Act (FCPA).
The Securities and Exchange Commission (SEC) has announced that reporting companies are not required to describe their products as “DRC conflict free,” having “not been found to be ‘DRC conflict free,’” or “DRC conflict undeterminable,” as originally required in the Conflict Minerals Rule (CMR).
On April 14, the US Court of Appeals for the DC Circuit stuck down portions of the Security and Exchange Commission’s (SEC) Final Rule on Conflict Minerals (Final Rule) as unconstitutional.
On April 3, 2014, President Barack Obama signed an Executive Order sanctioning those responsible for the conflict in South Sudan. The Executive Order blocks the property and entry of designated entities and individuals.
Activity levels involving Russia and Ukraine continue at a torrid pace, with daily developments. In the past few days, there have been diplomatic overtures, a suspension of export licenses to Russia, legislative action, and further sanction releases.
OFAC Adds 19 Individuals and a Bank to SDN List; President Obama Signs New Executive Order Authorizing Sanctions to Against Key Sectors of Russian Economy; EU and Australia Sanctions Also Keeping Pace.
President Obama signs Second Executive Order Expanding Sanctions to Cover Wide Range of Potential Russian Targets; OFAC adds names to SDN List; Senate and House Propose Bills; EU Sanctions Also Keeping Pace.
In a recent case of first impression, the Delaware Court of Chancery issued a decision that is a valuable example of how US courts often resolve cross-border discovery issues arising when a party relies on a foreign blocking statute.
The tumultuous events currently unfolding in Ukraine raise concerns not only about Ukraine’s political future, but also its overall economic stability.
For decades, courts have wrangled with the “state of mind” needed to establish a criminal violation of the International Trafficking in Arms Regulations (ITAR).
Attention employers with employees working in the United States on L-1 (intra-company transferee) visas: US Citizenship and Immigration Services (USCIS) has begun conducting worksite visits under its Fraud Detection and National Security (FDNS) site inspection program.
In the category of lesser regulatory changes that occurred during the pre-holiday season, on December 19, 2013, the Department of Commerce’s Bureau of Industry and Security (BIS) amended its Export Administration Regulations (EAR) for exports to persons listed on the Unverified List (UVL).