United States:
OFAC Extends Authorization Of Securities Transactions Involving Certain Communist Chinese Military Companies
21 May 2021
Cadwalader, Wickersham & Taft LLP
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OFAC extended through June 11, 2021 the
authorization for transactions that involve the securities of an
entity whose name "closely matches, but does not exactly
match" that of a Communist Chinese military company under
Section 4(a) of Executive Order ("EO") 13959 ("Addressing the Threat from
Securities Investments That Finance Communist Chinese Military
Companies"), as amended by EO 13974.
General License ("GL") No. 1B superseded GL No. 1A
(see previous coverage here).
Primary Sources
- OFAC General License No. 1B: Authorizing
Transactions Involving Securities of Certain Communist Chinese
Military Companies
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