Page 5 - Blocking Statute News Today

On January 9, 2021, China’s Ministry of Commerce (“ MOFCOM”) issued its first order of the year, the Rules on Counteracting Unjustified Extra-Territorial Application of Foreign Legislation and Other Measures (the “ Rules”), which are immediately effective as of the date of promulgation. These Rules are aimed to counteract the effects of US secondary sanctions, and parallels are inevitably being made with the EUs Blocking Statute 1. This article will point out the five aspects to know ...

An ambitious plan to enhance the geopolitical strength of the EU? On 19 January 2021, the European Commission presented its new strategy to foster the “openness, strength and resilience” of the EU’s economic and financial systems into the future (the Strategy). Two of the most important issues underpinning the Strategy are the former Trump administration’s extensive use of secondary sanctions to influence the conduct of non-U.S. persons and the EU’s desire to promote its green finance...

In response to a U.S. government consensus that trade with China involves grave national security risks, the Trump Administration promulgated a broad series of China-directed export controls, economic sanctions and import rules. The flow of trade measures became a torrent in the Trump Administration’s final months. This alert briefly surveys key new trade controls from late in the Trump Administration and Chinese policy responses that the Biden Administration inherits. It is not clear that th...

To embed, copy and paste the code into your website or blog: On January 19, the European Commission released a strategy intended to “stimulate the openness, strength and resilience of the EU’s economic and financial system.” One of the key pillars of the strategy is centered around strengthening the implementation and enforcement of EU sanctions. The strategy highlights current weaknesses in the EU sanctions regime, including the lack of uniformity in application and enforcement between M...

2 months old This article is more than 2 months old Stephen Greenhalgh said executives should not ‘hide behind’ rarely used French law Grenfell survivors and their supporters at a protest in London last month, calling for the French government to intervene. Photograph: Guy Smallman/Getty Images Grenfell survivors and their supporters at a protest in London last month, calling for the French government to intervene. Photograph: Guy Smallman/Getty Images Sun 3 Jan 2021 11.19 EST Last modified...

The Grenfell Tower inquiry will “empty-chair” key witnesses from the firm that supplied highly flammable cladding to the building if they refuse to give evidence later this month.Three people who

On September 2, under Executive Order 13928, the “Executive Order on Blocking Property Of Certain Persons Associated With The International Criminal Court,” US officials added Fatou Bensouda, the ICC prosecutor, and Phakiso Mochochoko, the head of a division within the prosecutor’s office, to the Specially Designated Nationals and Blocked Persons List (the SDN List). This list is maintained by the US Department of Treasury’s Office of Foreign Assets Control (OFAC). Their designation had...

A blocking statute so theyre going in there making it illegal for e.u. companies to comply with u.s. sanctions thats a bold statement its difficult to enforce but they are clearly getting out their biggest political message against the u.s. sanctions as early as possible then not giving in in trying to what it will definitely be interesting to see where things are especially after the north korea deal thats a separate issue then your winter from our business death as always thank you. for tonigh...

Where the world of science is at home in many languages. but i mean. now with that our innovations magazine for each of. us from every week and always looking to the future d.w. dot com science and research for asia. european commission president john claudio has said that he you will take steps to reactivate a so-called blocking statute in a bid to save the iran nuclear accord the law could make it illegal for e.u. companies to comply with american sanctions against iran the so-called blocking ...

A response off the european union they know that they dont have the economic clout to really sort of stand up against washington because what they do not want to dare at this point is an all out trade war on all fronts against the united states so this is a first step we dont know how this will proceed and what we will see which further steps but now brussels and the leaders here in sofia still waiting for a reaction from washington maybe a treat from the white house all right well have to wait ...