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On 15 July 2020, the U.S. and Gulf Cooperation Council (“GCC”)-led Terrorist Financing Targeting Center (“TFTC”) designated six targets affiliated with the Islamic State of Iraq and Syria (“ISIS”), including an entity allegedly posing as a charity (and its director) based in Afghanistan that allegedly provided support to ISIS’ branch in that country, ISIS-Khorasan (“ISIS-K”). The entities that were designated are: Al Haram ExchangeTawasul CompanyAl-Khalidi ExchangeNejaat Social Welfare Organization Five of these targets (which includes…

On 28 July 2020, the EU agreed to impose EU-wide measures to restrict the export of certain items to Hong Kong. The EU Council’s press release can be found here. These restricted goods include equipment or technology that could be used for internal repression, interception of internal communications or cyber surveillance. Like recent US and UK measures, the new EU export controls have been proposed in response to the recent HK National Security Law. Germany has…

On July 15, 2020, the US Department of State (State Department) updated its guidance (“Updated Guidance“) regarding the implementation of Section 232 of Title II of the Countering America’s Adversaries Through Sanctions Act (“CAATSA” see our previous blog post on CAATSA here and our previous blog post on the 2017 State Department guidance on CAATSA Section 232 here). The Updated Guidance expands the scope of CAATSA Section 232 to target certain investments or other activities related to the Nord Stream…

On June 5, 2020, the US Treasury Department’s Office of Foreign Assets Control (OFAC) published four Frequently Asked Questions (FAQs) regarding Iran-related sanctions under Executive Order 13902 (EO 13902). EO 13902 authorizes the imposition of secondary sanctions targeting the Iranian construction, mining, manufacturing, and textile sectors and persons engaged in “significant transactions” or providing “material support” to parties designated pursuant to the order. Our blog post regarding EO 13902 is available here. The FAQs reconfirm that Iranian manufacturers of medicines,…

On July 10, 2020, the Office of the United States Trade Representative (USTR) posted on its website, a notice to be published in the Federal Register that announces USTR’s determination to take action in the form of additional duties of 25 percent on products of France specified in Annex A to the notice as a result of France’s Digital Service Tax (DST. USTR has further determined to suspend application of the additional duties for a…

On June 30, 2020, the Diario Oficial (Official Gazette) published the Decree establishing the Applicable Rate of the General Import Tax for merchandise originating in North America, which implements Annex 2-B of the Agreement between the United Mexican States, the United States of America and Canada (T-MEC/ USMCA / CUSMA). The Tariff Schedules established in Annex 2-B “Tariff Commitments” establish the preferential rate of customs tariffs for trade between Mexico, the United States and Canada, on goods originating…

A May 29, 2020 posting was entitled: “DR of Congo – Support measures for businesses in the Congo following COVID-19.” It should have read: “Republic of Congo – Support measures for businesses in the Congo following COVID-19”. We apologize for the error and thank Christian Lukusa, Esq. Managing Partner at Momentum Attorneys & Advisors in Kinshasha, DRC for bringing this to our attention.

On 19 June 2020, a new Russian Law (Federal Law No. 171-FZ dated 8 June 2020, known as the “Lugovoy Law,” named after its author) enters into force, introducing a number of changes into the Russian Arbitrazh Procedural Code. Most important, Russian state commercial courts (also called “arbitrazh” courts) will now have exclusive jurisdiction over disputes directly or indirectly involving those sanctioned entities that fall within the scope of Russian legislation (“Disputes”). Disputes also include disputes between…

Are you prepared for the post-pandemic world? In this 90-minute webinar, Rod Hunter and Kumar Ponniya from Baker McKenzie and partners from Cyril Amarchand Mangaldas will discuss Covid-19’s impact in India and other markets, expected trends going forward and assess the outlook for the rest of 2020. The discussion will focus on the strategies that businesses should adopt to prepare for the future, from dispute resolution tips to how to prepare for the impact of…

After an exhaustive process of negotiation, the United States-Mexico-Canada Agreement (USMCA) will enter into force on July 1, 2020. Join Baker McKenzie on a 75-minute webinar to understand the impact of the agreement from a customs perspective in the midst of the COVID-19 pandemic. This webinar will bring together trade experts from the United States, Canada and Mexico for a discussion about the agreement’s most pressing issues in the customs landscape, including: • Changes in…