Commerce Department Rule Authorizes Review of ICTS Transactions Involving "Foreign Adversaries" | Jones Day
In Short The Situation: Later this month, transactions in the information and communication technology and services ("ICTS") sector that involve designated "foreign adversaries" will be subject to review by the U.S. Department of Commerce ("Commerce"). The Result: Companies operating in the ICTS sector should carefully review the implications of that review processâas framed in the interim final rule ("IFR") issued by Commerce on January 19, 2021âfor their ongoing and prospective activities...
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Source: jdsupra.com