|After the UK Brexit referendum of 23 June the implications on the political, economic and legal relations between the UK and the EU have been discussed from many angles. But what about...|
D.C. Circuit Issues Significant Ruling in CFIUS Case
In the summer of 2012, the Committee on Foreign Investment in the United States (CFIUS), a U.S. government interagency that reviews the national security implications of foreign acquisitions, reviewed Ralls's acquisition of the wind farms, which are located near a U.S. Navy training facility. CFIUS imposed certain restrictions on Ralls, including a prohibition on Ralls's access to the wind farms, and the president followed up with his divestment order.
One should not necessarily conclude that the D.C. Circuit's decision will lead to a reversal of the substantive outcome in this case – Ralls being stripped of its ownership of the wind farms – but the case is significant for the due process requirements that it imposes on the president and for its potential implications for future CFIUS cases. We are continuing to review the D.C. Circuit's decision and may provide additional commentary as warranted.
The Department of Energy (DOE) recently published its revised Part 810 Guidance on compliance with the amended Part 810 Regulations on nuclear export controls (10 C.F.R. Part 810). The 2015 ...24 June 2016
FinCEN Designates North Korea as a Jurisdiction of Primary Money Laundering Concern, Triggering Additional Due Diligence Requirements for Financial Institutions
Pursuant to the North Korea Sanctions and Policy Enhancement Act of 2016’s requirement that the Secretary of the Treasury determine whether North Korea is a jurisdiction of...16 June 2016