United States: International Law

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Article
BIS Settlement Highlights Export Control Risks For Medical And Research Technology
The U.S. Department of Commerce's Bureau of Industry and Security reached a $1.7 million settlement with Plexon, Inc. over unlicensed exports of neural recording systems to a Chinese research institution on the Entity List. This enforcement action demonstrates that medical and research products are subject to U.S. export controls, and even EAR99 items may require licenses based on destination, end user, or end use.
United States International
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Bass, Berry & Sims
Article
OFAC Settlement Highlights Iran Sanctions Risks for Non-U.S. Subsidiaries of U.S. Companies
When U.S. companies acquire foreign subsidiaries with existing business relationships in sanctioned jurisdictions, how far does American sanctions compliance extend? A recent OFAC settlement reveals the costly consequences of inadequate guidance to overseas operations and highlights critical gaps that can expose parent companies to liability for their subsidiaries' indirect sales.
United States Government
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Bass, Berry & Sims
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