Regulation

Next version of US Outbound Investments Rule targeting China

Issue 45.
July/August 2024

Author
Wendy WysongAli BurneyWilson ZhaoZoey Hong
+ About author

Wendy Wysong is the Managing Partner of Steptoe’s Hong Kong office. wwysong@steptoe.com

Ali Burney (aburney@steptoe.com) is a Partner in the Hong Kong office of Steptoe.

Wilson Zhao is an Associate in the Hong Kong office of Steptoe. www.steptoe.com

Zoey Hong is an Associate in the International Trade, Compliance, & Investment practice at international law firm Steptoe LLP, based in Hong Kong. www.steptoe.com

STEPTOE: OUTSIDE COUNSEL
On 21 June 2024, the US Department of the Treasury issued another preliminary version of the US Outbound Investment Rule (the “Rule”) in a notice of proposed rulemaking (“NPRM”) to implement Executive Order (“EO”) 14105 issued by President Biden on 9 August 2023.1 EO 14105 authorized a new national security regulatory regime to prohibit or require notification of certain US investments concerning China (including Hong Kong and Macau) that involve semiconductors and micro...

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