Mayer Brown
Brief
 

VOLUME 1 | ISSUE 6 | July 2022

 
Brief
 

As global economic and geopolitical environments enter a new era, companies need to continuously develop and adjust their coherent global business strategies to secure and further expand business opportunities in all markets while minimizing political and legal risks by ensuring compliance. To assist you with that task, Mayer Brown’s US-China Trade Monthly provides news and insights related to the latest US developments impacting the US-China bilateral trade relationship. In the current issue, we will discuss: (1) The Department of Commerce’s Bureau of Industry and Security (BIS) issuing a Temporary Denial Order suspending the export privileges of three US companies; (2) OFAC releasing three Frequently Asked Questions providing additional guidance on the sanctions of Chinese Military-Industrial Complex Companies.

 
 
Brief
 

BIS Takes Enforcement Action Against US Companies Under Investigation For Export of Technical Drawings to China

On June 7, the Department of Commerce’s Bureau of Industry and Security (“BIS”) issued a Temporary Denial Order (“TDO”) suspending the export privileges of three US companies, Quicksilver Manufacturing, Inc.; Rapid Cut, LLC; and US Prototype, Inc., for 180 days due to the export of technical drawings and 3D graphic and computer aided drawing files for controlled items to China. The TDO, which may be extended, blocks all three companies from participating in any transaction involving a commodity, software, or technology exported from the US that is subject to the Export Administration Regulations (“EAR”). As BIS noted, TDOs are one of “the most significant civil sanctions BIS can issue, cutting off not only the right to export items subject to the EAR from the US, but also to receive or participate in exports from the US or reexports of items subject to the EAR.”

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Brief
 

Additional Guidance Provided Regarding Investments in Chinese Military-Industry Complex Companies

On June 1, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) released three Frequently Asked Questions (“FAQs”) providing additional guidance on the sanctions of Chinese Military-Industrial Complex Companies (“CMIC”).

Read more >>

 
 
Brief
 

Jing Zhang
Partner, Washington DC
+1 202 263 3385
jzhang@mayerbrown.com

Jennifer L. Parry
Associate, Washington DC
+1 202 263 3185
jparry@mayerbrown.com

Ellen L. Aldin
Associate, Washington DC
+1 202 263 3084
ealdin@mayerbrown.com

 
 
Brief
 

Asia
Jing Zhang
Partner, Washington DC
+1 202 263 3385
jzhang@mayerbrown.com

 

Americas
Duane W. Layton
Partner, Washington DC
+1 202 263 3811
dlayton@mayerbrown.com

European Union
Nikolay Mizulin
Partner, Brussels
+32 2 551 5967
nmizulin@mayerbrown.com

 

United Kingdom
Jason Hungerford
Partner, London
+44 20 3130 3084
jhungerford@mayerbrown.com

 
 
Brief
 

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