US Amends Sanctions Targeting Investments in Securities of Chinese Companies
On June 3, 2021, President Joe Biden issued Executive Purchase 14032 (EO 14032) amending and, in effect, recasting Executive Purchase 13959 of November twelve, 2020 (EO 13959), which limited U.S. individuals from purchasing and offering publicly traded securities in businesses determined as Communist Chinese armed forces businesses (CCMCs).1 EO 13959, as amended by EO 14032, imposes significantly identical limits on investments in 59 Chinese Military Industrial Advanced Organizations (CMICs) determined in the…
By: Skadden, Arps, Slate, Meagher & Flom LLP
