Winston’s Trade Team Discusses U.S. Export Controls and Economic Sanctions with Companies in China

The last two months saw a series of drastic changes in U.S. export controls taking aim at information and communication technology providers with a seeming focus on China. These changes have increased exposure to every company involved in the industry-wide supply chain for products, software, and technology – in some cases these measures have exposed distributors and even customers to regulatory risk. In the meantime, the U.S. has also amended its sanction regulations and enhanced enforcement, which has created new challenges for businesses faced with a global compliance environment. The expansion and increasing overlap of these regimes have made compliance for companies with multinational supply chains and customers more complex by the day.

In light of the recent development, Winston & Strawn co-hosted a seminar with East & Concord Partners, one of the leading Chinese law firms, on July 25 in Beijing to discuss the U.S. export controls and economic sanctions and their implications for companies operating in China. The seminar, attended by nearly 50 senior executives, in-house legal counsel, industry experts from both Chinese companies and international companies in China, featured WANG Jian, Of Counsel of East & Concord Partners, with keynote speeches respectively.

Mr. WANG from East & Concord Partners presented “Extraterritorial Effect of U.S. Laws and Its Implications on Chinese Enterprises”. He started with different forms of extraterritorial jurisdiction of U.S. laws with cases studies indicating the principle of long-arm jurisdiction in procedural law, extraterritorial application and implications, and the authority to enforce sanctions in the U.S. 

XING Dongmei, Executive Committee Partner of East & Concord Partners also spoke at the seminar and shared their insights into the development and practical advice.