On May 21, 2018, President Trump issued an Executive Order titled “Prohibiting Certain Additional Transactions with Respect to Venezuela” (hereinafter, the “May 21 Executive Order”). The May 21 Executive Order imposes new restrictions on transactions involving debt owed to the Government of Venezuela and its related entities, including accounts receivable, and certain transactions involving the Government of Venezuela with respect to equity interests in any entity in which the Government of Venezuela has a 50 percent or greater ownership interest.
Akin Gump has released an alert on President Trump’s announcement that the U.S. government has withdrawn from the Iran Nuclear Deal and that secondary sanctions will be re-imposed. The sanctions will restrict non-U.S. persons from engaging in a broad range of business in Iran and it remains to be seen how the sanctions will square with the policies in the other countries that plan to continue their commitment to the deal.
Akin Gump has issued an alert detailing OFAC’s recently issued General License 12B and General License 13A, superseding and replacing two prior licenses, together with Frequently Asked Questions (FAQs).
The OFAC updates clarify and extend authorized activities with Russian sanctioned entities.
Akin Gump Corporate Partner, Meng Ru attended the 2018 Harvard China Law Symposium and participated on the panel, From China to the World: Cross-border Transactions. The overall theme of the conference was Entrepreneurship and Development of China and some of the key takeaways included how the surge of deals involving China continues to push for strong growth in the cross-border deal market and how the increasing presence of Chinese corporations and investments in the market and the development of Chinese economic and financial institutions are signaling a growing number of new opportunities. At the same time, the structural transformation of the Chinese economy, government regulations imposed on capital, and uncertainties brought by the internationalization of the RMB may create friction in the global cross-border M&A pipeline. The panel explored the question of how China’s role will develop going forward in cross-border transactions and covered the following topics:
Unique challenges to Chinese investors with respect to their international investments
CFIUS review and other regulatory issues on both sides of the Pacific
How to prepare the board of directors of a Chinese investor
Trends of Chinese outbound investments in the U.S.
Akin Gump has issued an alert on the sanctions placed by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on prominent Russian businessmen, senior Russian government officials and state-owned Russian companies. The alert provides background, a summary of the sanctions designations and consideration of potential risk exposure.
This week we highlight a report by BDO’s Center for Corporate Governance and Financial Reporting on a variety of topics that corporate management and boards of directors should be prepared to address in connection with their 2018 annual meetings. The main issues include the impact of efforts by the current administration regarding taxes and deregulation, as well as corporate accountability and compliance concerns.
Akin Gump has issued an alert on administration and congressional activity since President Trump’s inauguration. The report highlights key regulatory and legislative developments across a range of policy areas. This document also previews the policy agenda for the coming year and concludes with a political update and analysis of the 2018 congressional elections.