US Fires Trade Blunderbuss At ZTE And Hits Many Targets
Law360, New York ( March 14, 2016, 10:46 AM EDT) -- Last week, the United States Department of Commerce published an amendment to the Export Administration Regulations that imposes a license requirement for all exports of items "subject to the EAR" to China's communications equipment giant ZTE Corp. and three affiliates. "Subject to the EAR" encompasses virtually all U.S.-origin items and many foreign-origin items with U.S.-origin content — not just sensitive items. The stated grounds for the action are the sort of conduct that would lead to calls to "throw the book at them." ZTE is said to have engaged in an elaborate system of deception in order to sell products to Iran that would have been barred by U.S. trade controls on Iran....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
