Client Alert: U.S. Department of Commerce Adds 34 Parties to the Entity List
The U.S. Department of Commerce’s Bureau of Industry & Security yesterday added 34 entities (43 entries in total) to its Entity List, placing those parties under a near blanket ban on U.S. origin goods and technologies. Our Client Alert, which summarizes the decision and provides…
Partner Farhad Alavi to Speak on Panel on AmCham Abu Dhabi Webinar on US Trade Law & Policy Developments
Akrivis Law Group Partner Farhad Alavi will be on a May 25 webinar panel sponsored by the American Chamber of Commerce Abu Dhabi (AmCham Abu Dhabi) including former US Ambassador to the UAE Michael Corbin, as well as other distinguished guests. Titled “Trade Expectations in…
OFAC Penalizes Two Foreign Banks in One Week for U.S. Sanctions Violations: Key Takeaways
Cases underscore possible heightened enforcement against foreign financial institutions The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued two penalties against non-U.S. financial institutions this past week. The agency’s December 28, 2020 settlement with Saudi Arabia-based National Commercial Bank (NCB)…
WorldECR article co-authored by Partner Farhad Alavi offers lessons on removal from the U.S. BIS Entity List and Japan’s METI End-User List
WorldECR (Export Control Review), a premier trade publication based in London, last month published an article co-authored by Akrivis Law Group, PLLC Partner Farhad Alavi and Daisuke Takahashi of Shinwa Sohgoh Law Offices in Japan on removal from the U.S. Department of Commerce’s Bureau of…
OFAC’s $4.1 Million Penalty on Berkshire Hathaway Subsidiary: Why it Matters
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on October 20 that it was imposing a $4.1 million penalty against Omaha, Nebraska-based Berkshire Hathaway Inc., its subsidiary MC International Metalworking Companies B.V. (“IMC”) and IMC’s wholly owned Turkish subsidiary, Iscar Kesici Takim…
Handling Financial Commitment Restructuring in the Pandemic
One of the greatest challenges and opportunities presented by the COVID pandemic is how businesses, large and small, can handle ongoing contractual commitments when the business climate has changed. There are a myriad of types of commitments affected, including debt obligations, real estate leases, supply…
Partner Farhad Alavi on Turkey’s TRT World Discussing the USPS/Mail-In Voting Scandal
August 17, 2020. Partner Farhad Alavi was interviewed on TRT World, Turkey’s 24-hour English language news channel on Sunday, August 16, regarding the recent controversies surrounding the U.S. Postal Service (USPS) and the debates over funding and mail-in voting between the Trump Administration and the…