On July 11, 2017, President Trump signed an Executive Order allowing additional time to consider actions by the Government of Sudan before lifting US sanctions on Sudan (“July Executive Order”).
On Monday, 5 June 2017, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar and moved to close off access to the Gulf country, with a boycott on air, sea or land traffic to and from Qatar, with other Arab and African countries following their lead. The political and economic boycott has had major implications for international trade. Baker McKenzie’s Global International Trade team invites you to a one-hour webinar on Wednesday, 19 July…
On 19 June 2017, the Council of the European Union (the “Council”) published its draft conclusions on a framework for a joint EU diplomatic response to malicious cyber activities, the “Cyber Diplomacy Toolbox”. This framework may include measures within the Common Foreign and Security Policy, including restrictive measures if necessary. In its paper, the Council provides states a commitment to settling international cyber disputes “by peaceful means”, and confirms that any joint response will be…
On June 29, 2017, the US Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued for public inspection a notice of proposed rulemaking (the “Proposed Rule”) that would restrict a Chinese commercial bank’s access to the US financial system based on a finding that the bank was involved in money laundering activities involving North Korea. This action coincided with designations by the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) of one entity and two individuals with alleged ties to North Korea.