- The last 4 years, and especially 2020, were characterized by a US sanctions policy of “maximum pressure” and saw a raft of new sanctions policy pronouncements and enforcement actions with respect to China, Cuba, Iran, Russia, Venezuela, and others.
- These actions impose lasting compliance obligations applicable to all multinational companies, with a particular focus on the financial, technology, manufacturing, energy, and shipping and trading sectors.
- Although there will likely be differences in the Biden administration’s strategic and tactical approaches, many of the policies that were the driving force behind recent sanctions actions are expected to continue to be foreign policy priorities under the Biden administration.
- The use of targeted and dynamic sanctions and costly enforcement actions to further US foreign policy goals is a feature of modern US foreign policy that predates the last several presidential administrations, and is likely here to stay. Companies will pay a steep price for not staying on top of these changes and implementing global compliance approaches.
SPEAKERS:
Ginger Faulk, Partner at Eversheds Sutherland
With more than 15 years of experience, Ginger Faulk represents multinational companies in matters involving US government regulation of foreign trade and investment. She has extensive experience advising and representing global companies in the energy, defense, aerospace, telecommunication, software and other high-tech industries.
Vedia Biton Eidelman advises clients on a wide range of regulatory matters, including sanctions (OFAC) and antiboycott matters; antidumping, countervailing duty and safeguard actions before the US International Trade Commission (ITC) and the US Department of Commerce (DOC); export controls (ITAR and EAR); national security controls on investment in US entities (CFIUS); trade policy issues such as free trade agreement negotiations; customs matters; and transactional due diligence.
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