March 24, 2021 - News about the firm

Chinese blocking rules - what to expect?

In the past years, the US has forcefully targeted China with different trade measures, including sanctions and export control rules effectively restricting US and Chinese trade, and in particular targeted trade in technology and related products, as well as Chinese investments in the US and US investments in Chinese companies.

China is now taking certain counter actions comparable to the EU and Russian reactions against what is by China perceived as too far-reaching extra-territorial US measures. One of these actions is the adoption of blocking rules, which more or less mirrors the EU's Blocking Statue – a response to US extra-territorial export control and sanctions against Cuba and Iran.

Read more here.