Development and integration of critical infrastructure for electric vertical take-off and landing (“eVTOL”) aircraft remains critical for the wide-scale adoption and the future of Advanced Air Mobility. With the path towards certification rapidly gaining momentum, the first commercial eVTOL operations are likely to begin as early as 2025.
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the World – Five Eyes Partners agree to coordinate enforcement on export controls on 11 July 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 and OFSI Issue Joint Humanitarian Assistance and Food Security Fact Sheet Relating to Russia on 11 July 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 10 July 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) reissued General License 40B, “Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela.” On the same day, OFAC made public regulations to implement Executive Order 14078, “Bolstering Efforts to Bring Hostages and Wrongfully Detained United States Nationals Home.”
On 27 June 2023, the US Departments of State, the Treasury, Labor, Commerce, and Homeland Security, and the United States Agency for International Development issued a joint advisory — the Africa Gold Advisory — that (i) highlights the opportunities and specific risks raised by the gold trade across sub-Saharan Africa and (ii) encourages industry participants to adopt and apply strengthened due diligence practices to guard against such risks.
The use of endorsements and reviews in advertising continues to be an area of active Federal Trade Commission (FTC) enforcement. On 29 June 2023, The FTC issued updates to its Guides Concerning the Use of Endorsements and Testimonials in Advertising and updated its practical business guidance “FTC’s Endorsement Guides: What People are Asking.”
On 27 June 2023, the Federal Trade Commission, with the concurrence of the Assistant Attorney General for the US Department of Justice’s Antitrust Division, announced proposed changes to the premerger notification form and associated instructions and rules that implement the Hart-Scott-Rodino (HSR) Act. The proposed changes represent an expansion and reorganization of the information collected on the HSR form.
On Friday 16 June 2023, the Federal Trade Commission’s Bureau of Competition issued a strong warning to companies regarding the inclusion of certain types of contract terms that can “impede investigations” and “are contrary to public policy and unenforceable.” Specifically, the announcement warned against confidentiality clauses, nondisclosure agreements, and “notice of agency contact” provisions, commonly used in business-to-business and employment contracts.
On 1 June 2023, the US Department of the Treasury’s Office of Foreign Assets Control added four entities to the Specialty Designated Nationals List under Executive Order 14098 and issued four general licenses authorizing certain transactions involving Sudan.
The Colorado Privacy Act (CPA) comes into effect on 1 July 2023. Earlier this year, the Colorado Attorney General promulgated final rules for implementing the CPA. The rules provide insight as to how the Attorney General may interpret and enforce the CPA.