International Trade

We recently authored an article for Business Law Today offering insight into a proposed amendment to the operations of the Committee on Foreign Investment in the United States (CFIUS), the interagency committee that reviews foreign investment in the United States for potential national security implications.Continue Reading Insight on U.S. Foreign Investment Regulations for ABA Business Law Today

We recently authored an article published by Law.com emphasizing the significance of incorporating specific international standards, such as ISO/IEC 27001 for data security and ISO 9001 for quality management, into contractual agreements when dealing with artificial intelligence (AI) and international trade. We discussed how this integration can help manage AI effectively, minimize risks, increase transparency, and foster trust among the parties involved.Continue Reading AI and International Trade Aspects of Contractual Agreements

On April 11, the U.S. Treasury Department promulgated a Notice of Proposed Rulemaking (NPRM) amending the regulations that govern the operations of the Committee on Foreign Investment in the United States (CFIUS) to increase penalties on offenders, expand CFIUS authority to request information, and tighten the time frame parties have to respond to drafts of mitigation agreement terms. CFIUS is the U.S. government’s interagency body that reviews potential national security concerns resulting from foreign investments in and acquisitions of U.S. businesses.Continue Reading CFIUS Update: Larger Penalties, Sharper Monitoring

On April 5, the Department of Homeland Security (DHS) announced a plan to crack down on illicit trade in the textile industry. The announcement comes as DHS has been urged, especially by the textile industry, to more proactively and fully enforce the Uyghur Forced Labor Prevention Act (UFLPA), including adding parties to the UFLPA Entity List. Continue Reading New Enforcement Plan, Recent Court Filing Can Help Flesh Out UFLPA Obligations

On March 14, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) announced that EFG International AG (EFG), a Switzerland-based bank, had agreed to pay roughly $3.74 million to settle allegations that it had violated multiple U.S. sanctions regimes. Continue Reading Swiss Finance Company to Pay Almost $4 Million for Sanctions Violations

From the Bass, Berry & Sims Blog Network
From the Bass, Berry & Sims Blog Network

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