Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
United States | Publication | October 21, 2019
The US sanctions space is very active and changes are made frequently. This publication is current as of October 21, 2019.
The United States Department of Commerce, Bureau of Industry and Security (BIS) published a final rule on October 21, 2019 that, in response to Cuba's continued support for the Maduro regime in Venezuela, lowers the de minimis threshold for exports of foreign items containing US-origin content to Cuba and imposes restrictions on the leasing of aircraft to the country. In particular, the new rule:
The new rule also revises license exception SCP (support for the Cuban people) to: (i) prohibit the use of SCP to export donated items to the Cuban government or communist party (or entities that they own or control) for use in scientific, archaeological, cultural, ecological, educational, historic preservation, or sporting activities; (ii) clarify that, with regards to telecommunications items, SCP is limited to items for the creation and upgrade of telecommunications infrastructure to improve the free flow of information to, from, and among the Cuban people. For infrastructure items that would be used to connect specific end-users (i.e., non-backbone items), those items may only be used to connect individual Cubans or the Cuban private sector, and not any Cuban state-owned entities; and (iii) eliminate the authorization for the export of free promotional items to Cuban state-owned entities.
Foreign entities exporting products or software containing US-origin content, or leasing aircraft, to Cuba should review the impact of these changes carefully and modify their compliance programs accordingly. We will continue to monitor changes to the Cuban export restrictions and publish additional updates, as appropriate.
The US sanctions space is very active and changes are made frequently. This publication is current as of October 21, 2019.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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