U.S. Executive Order On Securities Investments That Finance Certain Companies Of The PRC.
Legal News & Analysis - Asia Pacific - China - International Trade - Regulatory & Compliance
11 June 2021
On 3 June 2021, President Biden issued a new Executive Order titled “Addressing the Threat from Securities Investments that Finance Certain Companies of the People’s Republic of China” (the “New Executive Order”), amending Executive Order 13959 of 12 November 2020 (Addressing the Threat from Securities Investments that Finance Chinese Military Companies).
The White House also issued a Fact Sheet explaining the policy goals of the New Executive Order that emphasizes the Administration’s focus on companies that “undermine the security or democratic values of the United States.”
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Michael Lamson, Counsel, Linklaters