FINANCE & INVESTMENT

The U.S. Securities and Exchange Commission recently issued interim final amendments detailing the process for identifying “Commission-Identified Issuers” within the context of the Holding Foreign Companies Accountable Act, which bans trade on any U.S. securities exchange of shares of any firm if the firm’s audit reports cannot be audited by the Public Company Accounting Oversight Board for three consecutive years. More

The European Commission has published the schedules of commitments agreed under the European Union and mainland China Comprehensive Agreement on Investment (“CAI”). The CAI was concluded on 30 December 2020 with the aim of providing investors on both sides with predictable, long-term access to the EU and Chinese markets, and to protect investors and their investments. More

On 12 March, U.S. District Judge Rudolph Contreras granted Xiaomi a preliminary injunction against implementation and enforcement of the provisions pursuant to EO 13959. Among other things, Contreras wrote that there is “plainly a lack of substantial evidence to adequately support a finding that Xiaomi is a CCMC.” Accordingly, the prohibitions in EO 13959 will not apply with respect to Xiaomi pending further order of the Court. More