US Restrictions on Outbound Foreign Investment
On August 9, 2023, President Joe Biden issued a highly anticipated Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern (the “Executive Order”). The Executive Order...
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Commerce Department Issues, Then Withdraws WeChat Ban Rules; Federal Court Blocks the Ban
On September 18, 2020, the U.S. Department of Commerce (the “Commerce Department”) issued unpublished rules (the “WeChat Rules”) identifying the transactions prohibited by the August 6, 2020 Executive Order on Addressing the Threat Posed by...
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POTUS Bans WeChat
On August 6, 2020, the President of the United States (“POTUS”), Donald J. Trump, issued an Executive Order on Addressing the Threat Posed by WeChat (the “WeChat Order”), a widely used mobile application owned and...
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Foreign Investment Update: CFIUS Reform
Amid the ongoing trade war with China, the U.S. has enacted legislation to reform the Committee on Foreign Investment in the United States (“CFIUS”), which is the government authority tasked with reviewing proposed foreign investments...
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Reciprocity – A New Factor to Restrict Investment from China into the United States?
President Trump’s recent state visit to China, and his remarks at the APEC CEO Summit in Vietnam, refocused attention on the American administration’s priority of promoting fair and reciprocal trade relations among nations. While President...
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Advisory Report Urges Federal Government to Challenge China’s Semiconductor Industrial Policies
On January 6, 2017, the President’s Council of Advisors on Science and Technology (“PCAST”) issued a report entitled Ensuring Long Term U.S. Leadership in Semiconductors (the “PCAST Report”). The PCAST Report urged then President Obama...
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