Shearman & Sterling LLP
The fourth quarter of 2014 was marked by a major shift in the United States’ approach to Cuban relations.
On November 24, 2014, the US, UK, France, China, Russia and Germany (collectively the "P5 + 1") and Iran announced that they would extend to June 30, 2015 the validity of their "Joint Plan of Action" or JPOA.
A World Trade Organization ("WTO") panel has ruled against Peru’s Price Range System ("PRS") for import duties on several of Guatemala’s key agricultural exports.
Sheppard Mullin Richter & Hampton
U.S. economic sanctions, by their nature, often change without warning. Since sanctions reflect U.S. foreign and national security policy, they must evolve rapidly with world events.
On December 17, 2014, U.S. President Barack Obama announced a historic shift in U.S. policy toward Cuba...
Fox Rothschild LLP
On Monday, 78 notables sent an open letter to President Obama urging him to work with Congress to update Cuba policy to reflect "21st century realities."
Foley & Lardner
On January 16, 2015, the U.S. Treasury Department issued new sanctions regulations easing the 54-year old Cuban embargo.
The Department of Commerce, Bureau of Industry and Security and the Department of the Treasury, Office of Foreign Assets Control put into effect their Final Rules officially altering the 1960 U.S. embargo against Cuba.
On January 15, 2015, the Appellate Body of the World Trade Organization (WTO) issued its opinion in three disputes—brought by the United States, the European Union and Japan—challenging Argentina's import requirements.
Morrison & Foerster LLP
In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments in the past month with links to primary resources.
Hughes Hubbard & Reed LLP
On December 17, 2014, President Obama announced a "new course" in the United States' relationship with Cuba, including the re-establishment of diplomatic ties and the beginning of a roll-back in sanctions.
Today, the Obama Administration published regulatory changes, effective immediately, that will significantly ease the US embargo against Cuba, which has been in place since 1963.
Fox Rothschild LLP
On January 15, the U.S. Department of the Treasury and the U.S. Department of Commerce unveiled the revised Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), which implement the changes announced on December 17, 2014 ..
Holland & Knight
On the morning of Jan. 16, 2015, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce Bureau of Industry and Security (BIS) will publish revised Cuba sanctions regulations.
The US Treasury and Commerce departments announced that on January 16 they will issue certain amendments to US sanctions and export control regulations.
Clyde & Co
On January 2, 2015, President Obama issued an Executive Order (EO) imposing new sanctions against North Korea.
For the first time, the United States has imposed sanctions in response to a cyber attack on a private company.