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Navigating the Future Landscape of the EU Blocking Statute | Skadden, Arps, Slate, Meagher & Flom LLP

The European Union Blocking Statute was originally adopted in 1996 to counteract US sanctions on Cuba, Iran and Libya, but following a memorandum of understanding entered into between. ....

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The new Blocking Regulation in China | Dentons

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 EU s Blocking Statute
1. This article will point out the five aspects to know about the Rules.
I. What will be counteracted under the Rules?
The Rules aim to block the unjustified extra-territorial application, in China and to Chinese persons and entities, of certain foreign legislation and measures. According to Article 2 of the Rules, the foreign legislation or measures would be blocked if the application was determined to ....

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