Baker McKenzie’s Sanctions Blog published the alert titled OFAC Issues New and Amended General Licenses and FAQs; Designates more than 400 Russian Parties on 28 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On March 24, Canada amended its sanctions measures imposed on Myanmar by designating an additional 4 individuals and 2 entities. The Canadian Government indicated that these new sanctions are intended to target arms flows, individuals and entities who procure and supply arms and military equipment to Myanmar. These new measures were developed in coordination with the United Kingdom and United States.
Baker McKenzie’s Sanctions Blog published the alert titled Canada introduces additional designations on 160 members of the Russian Federation Council on 30 March 2022. 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 Canada prohibits export of goods and technologies listed on the restricted goods and technologies list to Russia on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 21 March 2022, the US Securities and Exchange Commission issued its long-awaited proposed rules that, if adopted as currently drafted, would mandate both domestic and foreign registrants to make a variety of climate-related impacts and risk disclosures in registration statements and annual filings under the Securities Exchange Act of 1934.
On 3 January 2022, a federal jury for the US District Court for the Northern District of California found Holmes guilty in US v. Elizabeth Holmes, on four counts of fraud based on statements made to investors and business partners about Theranos’ proprietary blood testing devices, their capabilities and uses in the market.
On 15 February 2022, the Department of Defense (DoD) released a 30-page report titled State of Competition within the Defense Industrial Base (“Report”) surveying the state of competition across key defense sectors and laying out recommendations to spur increased competition in the defense industrial base. The Report is one of many required by numerous agencies in response to Biden’s July 2021 Executive Order.
On “Privacy Day” – California Attorney General Rob Bonta announced an investigative sweep targeted at the data collection practices of businesses running consumer loyalty programs in California and issued notices of non-compliance to a number of “major corporations” in the retail, home improvement, travel, and food services industries. Such loyalty programs offered financial incentives to consumers (e.g., discounts, free items, and other rewards) in exchange for their personal information.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Imposes Additional Sanctions on Belarus, Designates 22 Senior Ministry of Defence Officials on 18 March 2022. 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 US Department of Commerce Publishes a List of Aircraft Subject to General Prohibition 24 on 24 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.