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New Executive Order May Restrict Transactions Involving Chinese Online Payment Apps and Their App Providers | Faegre Drinker Biddle & Reath LLP

To embed, copy and paste the code into your website or blog: On January 5, 2021, the White House issued an Executive Order to restrict certain transactions “with persons that develop or control” eight designated software applications, due to their perceived connections with the government of the People’s Republic of China and the Chinese Communist Party. While uncertainties remain on whether the announced restrictions will take full effect in the Biden administration, companies should tak...
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