The NPC passed China’s new blocking statute, the Anti-Foreign Sanctions Law 中华人民共和国反外国制裁法 on June 10, 2021. The Law provides support for the delegation of power to enable lower-level agencies to implement sanctions measures. As the Law is vaguely worded, State Council agencies are likely to have considerable discretion in implementing it. Of particular concern to multinational companies, the Law also covers spouses and immediate family members as well as officers of listed sanctioned entities.
What are the impacts of Trump administration punitive tariffs, export control sanctions, and foreign investment restrictions against China on the underlying technologies for these products and on their extended supply chains? Has […]
President Trump has now issued three Executive Orders (EOs) prohibiting WeChat and TikTok from transacting business in the United States. The first two EOs were issued on August 6 pursuant to the […]