Tag Archives: gtlaw

While Cuban Embargo Remains, Latest Round of Historic U.S. Changes Foster Increased Trade

While the nearly comprehensive U.S. embargo on trade with Cuba remains and will require an act of Congress to be eliminated, the U.S. government has issued another round of measures further easing the U.S. sanctions and export control restrictions against Cuba.  Effective Oct. 17, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets … Continue Reading

EU Sanctions Against Russia Adopted and Extended; Sanctions Extended Concerning Crimea and Sevastopol

In early July 2016, the EU extended the economic sanctions targeting the financial, energy and defense industries of the Russian economy, as well as dual-use goods, until Jan. 31, 2017. These sanctions were prolonged because the European Council determined that the Minsk agreements concerning military activity in the Donetsk and Luhansk regions of Ukraine have … Continue Reading

Export Controls Action by the U.S. Department of State Relating to H-1B Visa Holder

Between December 2009 and June 2010, a Chinese national and H-1B visa holder working at Microwave Engineering Corporation, a U.S. company located in Massachusetts, (Microwave) was provided with technical data which otherwise would have required a license from the U.S. State Department’s Directorate of Defense Trade Controls (DDTC). Specifically, the technical data to which the … Continue Reading

U.S. Extends Authorization for Transactions with Sanctioned Belarusian Entities

On April 29, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 2A  extending its previous Oct. 29, 2015, Belarus-related general authorization (General License 2) to engage in transactions with all sanctioned Belarusian entities. The previous General License 2 expired April 29, 2016. OFAC General License 2A … Continue Reading

New North Korea Sanctions Designations

Further to the newly-enacted North Korea Sanctions and Policy Enhancement Act of 2016 (H.R. 757) (the Act) summarized in our previous GT Alert, on March 16, 2016, President Obama issued an executive order implementing a number of sanctions measures pursuant to the Act. The EU has also introduced new sanctions against North Korea, following the … Continue Reading

U.S. Further Eases Restrictions on Cuba Travel and Financial Transactions

In its most recent move in a series of changes designed to increase engagement between the United States and Cuba, and in line with the Administration’s policy, on March 16, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the existing Cuban Assets Control Regulations (Cuba Sanctions Regulations) in three … Continue Reading

President Obama Signs Legislation Tightening North Korea Sanctions

On Feb. 18, 2016, President Obama signed into law the North Korea Sanctions and Policy Enhancement Act of 2016 (H.R. 757) (the Act), a bill tightening U.S. sanctions against North Korea.  The legislation imposes strict licensing requirements for the export or reexport to North Korea of any U.S.-origin goods, software, or technology, and grants the … Continue Reading

EU Lifts Majority of Belarus Sanctions

On Feb. 15, 2016, European Union (EU) foreign ministers met in Brussels and agreed to permanently lift most EU sanctions against Belarus. The unanimous decision, effective March 1, 2016, will result in the termination of travel bans and asset freezes currently in place against 170 Belarusian individuals, including the president of Belarus. The decision also … Continue Reading

FCC Proposes to Relax Limitations on Telecom Service to Cuba

On Nov. 24, 2015, the U.S. Federal Communications Commission (FCC) released a public notice inviting comments on its proposal to remove Cuba from its Exclusion List.  If implemented, Cuba’s removal from the Exclusion List would allow U.S. telecommunication carriers to provide facilities-based telecommunications services from the United States to Cuba without first obtaining a separate … Continue Reading

U.S. Sanctions Mexican Executive, Airline, and Newspaper Tied to Drug Trafficking Organization

On Dec. 16, 2015, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a Mexican national, Naim Libien Tella, and four Mexican entities linked to Libien Tella, under the Kingpin Act. The new designations, which include a Mexican airline and newspaper, stem from Libien Tella’s narco-trafficking activities in association with the … Continue Reading

U.S. Allows Additional Trade and Business with Cuba

Amendments Implement Additional Changes Laid Out by President Obama on Dec. 17, 2014 On Sept. 21, 2015, the U.S. Government further amended the existing Cuba-related regulations to allow for certain additional types of travel and the establishment of physical business premises in Cuba. The amendments also remove certain restrictions on remittances, financial transactions, and exports … Continue Reading

Franchising in Cuba – The Next Frontier?

On Jan. 16, 2015, following an announcement made by President Obama on Dec. 17, 2014 of a plan to ease the U.S. trade embargo and restore diplomatic relations between the U.S. and Cuba, the U.S. Department of Commerce’s Bureau of Industry and Security (the Commerce Department) and the U.S. Department of Treasury’s Office of Foreign … Continue Reading

Iran Deal Delivered to U.S. Congress and U.N. Resolution Issued

On July 19, 2015, the U.S. State Department transmitted the Iran nuclear deal to Congress, commencing Congress’ 60-day review period. In addition, as required under the JCPOA, the U.N. Security Council passed a resolution endorsing the Iran nuclear deal on July 20, 2015. In this GT Alert, the authors discuss the impact of the moves on those … Continue Reading

Iran Nuclear Deal Reached – Prospects for Sanctions Relief

On July 14, 2015, the five permanent members of the U.N. Security Council (China, France, Russia, the United Kingdom, and the United States) plus Germany and Iran announced that they had reached a final deal regarding Iran’s nuclear program. In this GT Alert, the authors discuss the impact of the deal on those conducting business in … Continue Reading

The US-EAC Cooperation Agreement and Expanded Opportunities in Africa

The following post was originally published on Greenberg Traurig’s Doing Business in Africa blog, which includes a number of posts about the investment potential and pitfalls awaiting those who are interested in doing business in Africa. The United States and the East African Community (EAC), a regional trade bloc, recently signed theU.S.-EAC Cooperation Agreement, which … Continue Reading

Cuba Removed from U.S. State Sponsors of Terrorism List

Further to our previous Alert summarizing the President’s April notification to Congress of his intent to remove Cuba from the list of State Sponsors of Terrorism (SSOT), the required 45-day period for Congressional notice expired on May 29, 2015, and, as a result, Cuba’s SSOT designation was officially rescinded. President Obama had formally submitted the … Continue Reading

U.S. Treasury & Commerce Departments Issue New Crimea Authorizations and Clarifications

The U.S. Government has amended the Crimea sanctions, in part, to foster and support the free flow of information to individual citizens in the Crimea region of Ukraine (Crimea) and to ensure that the sanctions against Crimea do not have the unintended effect of preventing companies from providing personal communications tools to individuals in Crimea. … Continue Reading

U.S. and EU Achieve Framework for Deal in Iran Nuclear Talks

On April 2, 2015, the five permanent members of the UN Security Council (China, France, Russia, the United Kingdom, and the United States) plus Germany, the European Union, and Iran came to agreement on a framework for achieving a final deal regarding Iran’s nuclear program. This framework forms the foundation for the Joint Comprehensive Plan … Continue Reading

Cuba to Be Removed from U.S. State Sponsors of Terrorism List

On April 14, 2015, President Obama announced the removal of Cuba from the U.S. list of State Sponsors of Terrorism, a move that will allow the elimination of certain economic sanctions and pave the way for the restoration of diplomatic relations between the United States and Cuba. In this GT Alert, the authors discuss the … Continue Reading

U.S. Adds to its List of Ukraine-Related Sanctions

On March 11, 2015, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed new Ukraine-related targeted sanctions on several Russian and Ukrainian individuals and entities in response to Russian violations of the ceasefire brokered in February 2015 between the parties associated with separatist violence in Ukraine. The newest measures add 14 … Continue Reading

U.S. Amends Cuba Regulations to Allow Additional Trade

On Jan. 16, 2015, the U.S. Government will amend the existing Cuba-related regulations allowing certain types of travel, remittances, financial transactions and exports to Cuba. The regulations will be effective immediately upon publication of the Jan. 16, 2015 notice. The regulations implement President Obama’s Dec. 17, 2014, announcement of a policy change with respect to … Continue Reading

Foreign Direct Investment Reporting Requirement Revived

The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has reinstated a previously dormant reporting requirement via Form BE-13 for certain new foreign direct investment in the United States. The reporting requirement applies retroactively. Qualifying investment transactions that occurred during 2014 prior to Nov. 26, 2014, must be reported by Jan. 12, 2015. Qualifying … Continue Reading

U.S. Sanctions Against North Korea Expanded

On Jan. 2, 2015, President Obama signed an Executive Order expanding the scope of the current U.S. sanctions against North Korea. The expanded sanctions are directed primarily at the government of North Korea and associated entities and individuals. Pursuant to the new sanctions, the property of three North Korean governmental entities and 10 associated individuals … Continue Reading

U.S. Persons Activity to Wind Down in Crimea

On Dec. 30, 2014, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Ukraine-related General License No. 5 authorizing U.S. persons to engage in activities ordinarily incident and necessary to winding down U.S. person activity with or in the Crimea region of Ukraine (Crimea) that existed prior to Dec. 20, 2014. … Continue Reading