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The U.S. Government has long made clear its desire to restrict certain outbound U.S. investments, but it was unclear whether a restriction would come through executive or legislative action.
V&E National Security Update
On June 6, 2022, the Biden administration announced a temporary exemption of up to two years from the application of any new tariffs on solar cells and modules from four Southeast Asian nations — Cambodia, Malaysia, Thailand, and Vietnam.
V&E Renewable Energy Update
On August 10, 2021, the United States Court of Appeals for the Second Circuit (the “Second Circuit”) once again drew on principles of international comity to dismiss antitrust price-fixing claims against Chinese vitamin C manufacturers.
On July 30, 2021, Securities and Exchange Commission (“SEC”) Chair Gary Gensler issued a public statement announcing that he has asked SEC staff to require additional disclosures from offshore issuers with ties to China-based operating companies.