New Updates for 07-Jul-2023

2023-07-07

Reading Time : 1 min

The OverRuled: BIS Export Controls Module has been updated with the following actions:

  • 05 Jul 2023 - Jaeyoun Jung - Denial Order; No monetary penalty

    On July 5, 2023, Jaeyoun Jung ("Respondent") agreed to a two-year suspended denial order as part of a Settlement Agreement with BIS in relation to one violation of the Export Administration Regulations ("Regulations"). Specifically, on one occasion on or about October 3, 2018, the Respondent exported from the United States to South Korea 0A987.e optical magnifiers, worth a total of $10,947, without the required BIS license (§ 764.2(a)). The Settlement Agreement does not involve a monetary penalty, but requires that Respondent complete an export compliance training on the Regulations within twelve months. The Settlement Agreement does not indicate whether the Respondent filed a voluntary self-disclosure.

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

  • 06 Jul 2023 (Russia - Countermeasures):

    The ​Russian Government extends the ban on international road transportation of goods using the EU, UK, Norway, and Ukraine-registered trucks until the end of 2023.

The OverRuled: China Trade Controls Resource Center has been updated with the following actions:

  • 03 Jul 2023 (China - Countermeasures):

    ​The Ministry of Commerce ("MOFCOM") and the General Administration of Customs of China jointly announced the imposition of export controls on items related to gallium and germanium that are crucial for semiconductors and solar panels, effective August 1, 2023.

Please send an email to subscriptions@overruled.com, if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.

Share This Insight

Previous Entries

OverRuled - Sanctions & Export Controls Updates

2025-08-18

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

...

Read More

OverRuled - Sanctions & Export Controls Updates

2025-08-15

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

...

Read More

OverRuled - Sanctions & Export Controls Updates

2025-08-14

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

...

Read More

OverRuled - Sanctions & Export Controls Updates

2025-08-13

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

...

Read More

OverRuled - Sanctions & Export Controls Updates

2025-08-11

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

...

Read More

OverRuled - Sanctions & Export Controls Updates

2025-08-08

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

...

Read More

OverRuled - Sanctions & Export Controls Updates

2025-08-07

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

...

Read More

OverRuled - Sanctions & Export Controls Updates

2025-08-06

The OverRuled: China Trade Controls Resource Center has been updated with the following actions:

...

Read More

© 2025 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.