Biden Administration Revamps Sanctions Program Targeting Publicly Traded Securities of Designated Chinese Military Companies
By EsqSocial Corporation 08/06/21
On June 3, 2021, President Biden issued Executive Order 14032 (Addressing the Threat from Securities Investments that Finance Certain Companies of the People’s Republic of China) (“CMIC EO”) that modifies the Trump-era investment ban on “Communist Chinese Military Companies” (CCMC). The new “Chinese Military-Industrial Complex Companies” (CMIC) sanctions program retains the basic parameters of…Key Points On June 3, 2021, President Biden issued an EO that affirms and re-defines the Trump...
By: Akin Gump Strauss Hauer & Feld LLP