Overview
NIKKEI Asia quoted Steptoe partner Ali Burney in an article titled "US gave investors 'green light' on blacklisted Chinese companies." The article, published June 6, discusses the latest developments regarding the US Executive Orders on investments in companies officially linked to the Chinese military.
A last-minute policy clarification by the US Treasury Department's Office of Foreign Assets Control (OFAC), which allows retention of stocks and bonds after the trading ban, was made two days before the investment ban took effect: "[a] lot of financial institutions were pushing OFAC to confirm what was in the regulations more clearly," Burney said. "No one wanted to make a misstep in this area."
The full article can be read at NIKKEI Asia.
