The Biden Administration has taken some initial steps towards identifying vulnerabilities in the semiconductor manufacturing and advanced packaging supply chain, which was one of the four critical supply chains addressed in President Biden’s February 24, 2021 Executive Order on “America’s Supply Chains” (“the Supply Chain EO”). As detailed in our March 2, 2021 blog post, the Supply Chain EO requires relevant government agencies in these four critical areas to submit a report within 100 days…
Baker McKenzie is pleased to invite you to our virtual annual conference Supply Chain Risks & Rewards in Emerging Markets. In addition to providing the latest updates on regional and industry specific supply chain compliance developments, this webinar series will focus on cutting edge issues in supply chain risk management—including the key developments from the Biden Administration, trade considerations and the impact of the growing environmental, social and governance (ESG) movement. Professionals from various industries…
Does your supply chain touch Myanmar in any way? If so, this webinar on doing business in Myanmar in the midst of new sanctions will be of interest. Recent political developments in Myanmar have led to new sanctions by the US, UK and EU. As a result concerns around doing business in Myanmar and the challenges of doing business in, or with, Myanmar have increased. To help address these concerns, we would like to invite…
On March 5, 2021, US Customs and Border Protection (“CBP”) issued a new factsheet regarding how Withhold Release Orders (“WROs”) might be modified or revoked by CBP (“WRO Modification and Revocation Guidance”), which builds upon previous guidance by CBP on similar issues, including the factsheet issued on August 6, 2020. As a reminder, a WRO can be issued when CBP reasonably (but not conclusively) believes that certain goods are mined, produced, or manufactured, wholly or…
The Securities and Exchange Commission (“SEC”) has taken a major step towards exercising its significant power to require companies to disclose greater information relating to ESG and climate impacts. On March 4, 2021, the SEC announced that it has formed a Task Force focusing on climate and ESG disclosure issues. The Task Force is a part of SEC’s Division of Enforcement and will be led by Kelly L. Gibson, the Acting Deputy Director of Enforcement.…
In the wake of the administration change in the U.S. and continued growth in sustainability obligations around the world, we encourage you to listen to our recent discussion with Positive Luxury exploring the ramifications to corporations of these rapid regulatory developments.
On February 24, 2021, President Biden signed an Executive Order on America’s Supply Chains (the “Supply Chain EO”) ordering federal agencies to identify vulnerabilities in key US supply chains and develop policy recommendations to make those supply chains more resilient, diverse, and secure. In his remarks prior to signing the Supply Chain EO, President Biden presented the review as a strategic initiative that will complement shorter-term efforts to address recent shortfalls in semiconductor supplies, and…