International Trade > AG Trade Law
30 Jun '17

Read the latest edition of Red Notice, a monthly update on global investigations and prosecutions that cross multiple jurisdictions. Red Notice focuses on developments related to anticorruption as well as export controls and sanctions. To view this month’s issue, please click here.

To read the Chinese version, please click here. For the Russian version, please click here.

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20 Jun '17

On June 16, 2017, the Trump administration issued a national security presidential memorandum entitled “Strengthening the Policy of the United States Towards Cuba” (the “Presidential Memorandum”). Related to this announcement, the White House issued a Cuba Fact Sheet, OFAC issued a new set of Frequently Asked Questions (FAQs) and the Department of Transportation also issued a new set of FAQs relating to the President’s announcement.

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27 Oct '16

A team from Akin Gump is advising Buffalo, N.Y.-based Roswell Park Cancer Institute in a historic collaboration with Cuba-based Center of Molecular Immunology (CIM). This includes work that has secured a first-of-its-kind U.S. government license authorizing a U.S.–Cuba commercial partnership to fast-track biotech development that will help bring a groundbreaking Cuban lung cancer vaccine and other unique cancer treatments developed in Cuba to U.S. patients. This represents a landmark event in the broader rebuilding of bilateral relations between Cuba and the United States under the Obama administration's new policy of engagement.

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19 Oct '16

On Monday, October 17, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) implemented amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), respectively, that further ease U.S. sanctions and export controls targeting Cuba, particularly in the areas of medical research, pharmaceuticals, and trade and commerce between the United States and Cuba. These changes continue the administration’s policy of easing sanctions on Cuba to support the Cuban people and follow prior regulatory changes that occurred in January 2015, September 2015, January 2016 and March 2016. This latest action follows a Presidential Policy Directive (PPD) issued on October 14, 2016, which sets out the vision, priority objectives and actions required for normalization of relations between the United States and Cuba (see here).

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06 May '16

On May 3, French fashion house Chanel hosted the first international fashion show in Cuba since the 1959 communist revolution. The Resort 2017 show was held open-air in Paseo del Prado, one of the city’s central streets. It was preceded by a tour of Havana, transportation for guests in a fleet of 170 1950s American convertibles and international celebrities Instagramming to #ChanelCruiseCuba.

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