Export Controls
Overview
Export controls and sanctions regulations present significant challenges and potential compliance risks for global companies. The U.S. government regulates transfers of goods, technology, software, and other products and services to foreign destinations as well as to foreign persons within the United States and abroad. These controls are far reaching, extending to direct transfers of goods, technology, software, and services from the United States, "reexports" of certain U.S.-origin items and technology from one foreign country to another, and reexports of certain foreign-manufactured items containing U.S. content. They also apply to transfers of technology to foreign persons within the United States and U.S. persons working for foreign companies. Other governments have their own export control and sanction regulatory regimes, creating complex compliance obligations with practical and commercial implications for businesses, including problems with inventory management and shipping delays.
Contacts
Insights
Client Alert | 14 min read | 05.03.24
On April 24, 2024, President Biden signed into law the National Security Supplemental fiscal package, which includes significant new sanctions and export controls authorities. Although the U.S. foreign aid commitments for Ukraine, Israel, and Taiwan headline the new law, it also (1) expands the statute of limitations for U.S. sanctions violations; (2) includes new authorities for the President to coordinate sanctions efforts with the European Union and the United Kingdom; (3) expands sanctions and export controls on Iran (including some targeted at Chinese financial institutions); and (4) includes new sanctions authorities targeting terror groups.
Speaking Engagement | 02.02.24
Red Flags: Navigating the Hurricane (2024 Corporate Counsel Section CLE)
Insights
Client Alert | 14 min read | 05.03.24
On April 24, 2024, President Biden signed into law the National Security Supplemental fiscal package, which includes significant new sanctions and export controls authorities. Although the U.S. foreign aid commitments for Ukraine, Israel, and Taiwan headline the new law, it also (1) expands the statute of limitations for U.S. sanctions violations; (2) includes new authorities for the President to coordinate sanctions efforts with the European Union and the United Kingdom; (3) expands sanctions and export controls on Iran (including some targeted at Chinese financial institutions); and (4) includes new sanctions authorities targeting terror groups.
Speaking Engagement | 02.02.24
Red Flags: Navigating the Hurricane (2024 Corporate Counsel Section CLE)