On January 5, 2023, President Biden signed the Protecting American Intellectual Property Act into law. This law seeks to deter the theft of US intellectual property by non-US actors by threatening to impose economic sanctions on those engaged in trade secrets theft. This law adds to existing measures available under US law, such as criminal prosecution, civil lawsuits, and/or designation to a US restricted parties list such as the Entity List (maintained by the US…
Baker McKenzie’s Global Supply Chain Compliance Blog published “Recent US Developments Demonstrate Increasing Xinjiang-Related Trade Compliance Risks,” which can be viewed here.