View the recorded sessions from our 2023 Virtual Global Trade Conference where international trade compliance lawyers from around the world reviewed major developments impacting international trade.

On 16 June 2023, the US Commerce Department published a final rule implementing President Biden’s 2021 Executive Order 14034 on “Protecting Americans’ Sensitive Data from Foreign Adversaries,” to amend the Commerce Department’s “Securing the Information and Communications Technology Supply Chain” regulations, 15 C.F.R. Part 7. The amendments mainly relate to connected software applications.

In lieu of our annual conference in Bellevue, WA, we are excited to again provide a Virtual Global Trade Conference available to all our clients and friends worldwide! The conference will be comprised of 90 minutes sessions over the course of two days. Join us on July 12 and 13 for any or all of the sessions and learn from our panel of experts as they share their insights on cutting-edge trade trends, regulatory updates and challenges, and major policy developments.

On 1 May 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 42 under the Venezuela Sanctions Regulations, three new Venezuela-related Frequently Asked Questions (FAQs), and also amended one Venezuela-related FAQ. These developments occurred in the context of efforts by creditors to enforce judgments against Venezuela and appear to have been in response to a request from the Special Master for the US District Court for the District of Delaware to allow a court-ordered sale of shares in the US parent company of Citgo Petroleum Corp. to proceed in order to resolve a long-running legal dispute between a Canadian mining company and the Government of Venezuela.

Heightened sanctions and export controls targeting key technologies and the TMT sector are an important trend of recent years and reflect the current geopolitical climate. In this episode Anne Petterd, Frank Pan, and Alison Stafford Powell discuss the practical impact these sanctions have on TMT companies and what TMT companies should do in their strategic plans to de-risk their exposure.

Baker McKenzie’s Sanctions Blog published the alert titled US Government Imposes New Sanctions, Export Controls, and Tariffs Targeting Russia and Belarus to Mark One-Year Anniversary on 25 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Baker McKenzie’s Sanctions Blog published the alert Webinar: Key lessons from the Russia/Ukraine crisis: Preparing for the next geopolitical event on 22 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Baker McKenzie’s Sanctions Blog published the alert titled OFAC Issues Amended Russia-Related General Licenses and Related FAQs on 28 January 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Baker McKenzie’s Sanctions Blog published the alert titled OFAC Publishes Preliminary Guidance on Implementing the Price Cap Policy for Petroleum Products of Russian Origin on 6 January 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

On 5 December 2022, the US Department of State’s Directorate of Defense Trade Controls (DDTC) issued the International Traffic in Arms Regulations (ITAR) Compliance Program Guidelines. The ITAR Guidelines set out DDTC’s expectations for an effective ITAR Compliance Program and an introduction to controls contained in the Arms Export Control Act and ITAR.