Mario Mancuso, P.C. - Partner

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Mario Mancuso, P.C.

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Washington, D.C.
Phone: +1 202-879-5070
Fax: +1 202-879-5200
New York
Phone: +1 212-446-4670
Fax: +1 212-446-4900
Overview News Publications
6/19/2018 - Alert
Kirkland & Ellis LLP
Trump Administration Announces New Tariffs on Chinese Goods
On June 15, 2018, the U.S. Trade Representative (“USTR”) released a list of $50 billion worth of products imported from China that will be subject to new 25% tariffs.
5/21/2018 - Alert
Kirkland & Ellis LLP
CFIUS Reform Gathers Strength, with Private Equity and China Looming Large
On May 22, 2018, the Senate Committee on Banking, Housing, and Urban Affairs will hold a hearing to mark up its draft proposed amendment to the Foreign Investment Risk Review Modernization Act (“FIRRMA”).
5/10/2018 - Alert
Kirkland & Ellis LLP
President Trump Withdraws U.S. from the Iran Nuclear Deal and Sets in Motion Re-Imposition of Comprehensive Economic Sanctions
On May 8, 2018, President Trump announced that the U.S. was ending its participation in the Iran nuclear deal, known formally as the Joint Comprehensive Plan of Action (“JCPOA”), and instructed the Administration to take steps to re-impose economic sanctions broadly targeting the Iranian economy.
April 18, 2018 - Article
Bloomberg Corporate Law & Accountability Report
This is What the U.S. Government Thinks About CFIUS: Four Takeaways From the GAO’s Report on CFIUS
Mario Mancuso, Boyd Greene and Luci Hague authored this article regarding the U.S. Government and Accountability Office's report on the Committee on Foreign Investment in the United States and conclusions to be drawn from said report.
4/12/2018 - Article
Bloomberg BNA's Corporate Law Resource Center
U.S. Targets Putin's Inner Circle: Five Takeaways for Companies and Investors
Mario Mancuso, Joanna Ritcey-Donohue, Sanjay Mullick and Lucille Hague authored an article regarding OFAC's new sanctions blacklisting individuals and entities associated with the Russian government.
3/27/2018 - Alert
Kirkland & Ellis LLP
The Trump Administration Imposes Steel and Aluminum Import Tariffs, Linking International Trade With National Security
On March 23, 2018, tariffs of 25 percent on imported steel and 10 percent on imported aluminum went into effect for all countries not issued an exemption. Issued under Presidential Proclamations 9704 and 9705, the tariff orders are less far-reaching than originally announced.
3/22/2018 - Alert
Kirkland & Ellis LLP
Trump Administration Bans Dealings in Venezuelan Cryptocurrency in a First Step Toward Extending Sanctions to Digital Currency Transactions
On March 19, 2018, President Trump issued an Executive Order “Taking Additional Steps to Address the Situation in Venezuela” (“Executive Order”) that prohibits U.S. persons from engaging in dealings in any digital currency, digital coin, or digital token issued by, for, or on behalf of the government of Venezuela.
3/21/2018 - Alert
Kirkland & Ellis LLP
Treasury Department Sanctions Russian Entities and Individuals for Cyberattacks and Election Interference, Indicating Additional Measures May be Forthcoming
On March 15, 2018, the U.S. Department of the Treasury Office of Foreign Assets Control (“OFAC”) designated five entities and 19 individuals in response to Russian cyberattacks and Russia’s attempted interference in the 2016 U.S. presidential election.
3/14/2018 - Article
Bloomberg Law's Corporate Law & Accountability Report
Economic Sanctions and Export Controls Enforcement Update Q4 2017
Mario Mancuso, Joanna Ritcey-Donohue and Sanjay Mullick authored an article summarizing key national security enforcement actions and settlement agreements concerning economic sanctions and export controls.
3/13/2018 - Alert
Kirkland & Ellis LLP
Proposed Export Control Legislation Would Place New Restrictions on Technology Transfer, Even Within the U.S.
On February 15, 2018, U.S. House of Representatives Foreign Affairs Committee Chairman Ed Royce (R-CA) introduced the Export Control Reform Act of 2018 (“the Act”), which could have a significant impact on restricting access to U.S. technology, even within the U.S.
3/9/2018 - Alert
Kirkland & Ellis LLP
CFIUS Weighs in on Broadcom/Qualcomm Fight
On March 4, 2018, in a historic intervention, the Committee on Foreign Investment in the United States (CFIUS) signed an interim order mandating that Qualcomm Inc., a leading U.S. chip maker, postpone its annual meeting of shareholders for 30 days in order to provide CFIUS with time to conduct an initial review of the hostile bid by Broadcom Ltd., a Singapore-based semiconductor company.
2/27/2018 - Article
Bloomberg Law's Corporate Law & Accountability Report
Building an Effective ‘Risk-Based’ Compliance Program to Address International Risks, Even if You Already Have One
Mario Mancuso, Joanna Ritcey-Donohue, Sanjay Mullick and Diego Ortega authored an article providing a high-level roadmap for companies seeking to build effective risk-based compliance programs to address international risks.
2/26/2018 - Alert
Kirkland & Ellis LLP
New North Korea Sanctions Impact Shipping Transactions Worldwide
On February 23, 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued some of the widest sweeping North Korea-related sanctions imposed to date.
2/9/2018 - Article
Bloomberg Law's Corporate Law & Accountability Report
CFIUS in 2018: What Lies Ahead
Mario Mancuso, Boyd Greene and Luci Hague authored an article regarding key CFIUS trends to watch in 2018.
2/2/2018 - Alert
Kirkland & Ellis LLP
U.S. Department of the Treasury Identifies Russian Political Leadership and Oligarchs, Though Ultimate Implications Remain Forthcoming
On January 29, 2018, the U.S. Department of the Treasury (“Treasury”) released the Report on Senior Foreign Political Figures and Oligarchs in the Russian Federation (“Report”) pursuant to Section 241 of the Countering America’s Adversaries Through Sanctions Act of 2017 (“CAATSA”).
1/25/2018 - Alert
Kirkland & Ellis LLP
Trump Administration Imposes Substantial Tariffs Ushering in America First Trade Agenda
On January 22, 2018, President Trump acted on recommendations from the U.S. International Trade Commission (“ITC”) to impose tariffs on imports of large residential washing machines (“washers”) and solar cells and modules that were the subject of two “safeguard” investigations.
12/15/2017 - Alert
Kirkland & Ellis LLP
Washington’s New Asia Map: Five International Risk Themes to Watch
State visits are usually long on pageantry and short on substance — boardrooms can be forgiven for paying little attention to them. However, President Trump’s recent visit to Asia comes at a different time: the U.S.-China bilateral relationship is under stress; a crisis on the Korean peninsula continues to confound the U.S. and its allies; and the U.S. is trying to reinvigorate a “free and open Indo-Pacific” amid some skepticism of its long-term economic commitment to the region.
12/5/2017 - Article
Bloomberg Law's Corporate Law & Accountability Report
Unstacking and Unpacking U.S. Economic Sanctions Targeting Russia: Increasing Complexity and Uncertainty for U.S. Companies
Mario Mancuso, Sanjay Mullick and Josh Thompson authored an article regarding key concepts of major U.S. Russia sanctions regulations and the status of U.S.-Russia relations.
November/December 2017 - Article
The M&A Lawyer
Managing Foreign Investment Clearance Risk in Cross-Border Deals
Mario Mancuso, Anna Schwander, Luci Hague and Kristin Beharry authored this article regarding proposed CFIUS reforms.
11/29/2017 - Article
IFLR
US ponders complement to Cfius regime
Mario Mancuso, Boyd Greene and Luci Hague authored an article regarding newly proposed legislation that aims to broaden the power and scope of CFIUS, and related takeaways for boards and investors to consider.
11/21/2017 - Alert
Kirkland & Ellis LLP
The Administration Changes Course on Cuba
On November 8, 2017, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the U.S. Department of State’s Bureau of Economic and Business Affairs, and the U.S. Department of Commerce’s Bureau of Industry and Security jointly announced changes to U.S. trade controls on Cuba.
11/16/2017 - Article
Bloomberg Law's Corporate Law & Accountability Report
Export Controls and Economic Sanctions Enforcement Update Q317
Mario Mancuso, Joanna Ritcey-Donohue and Sanjay Mullick authored an article regarding key national security enforcement actions and settlement agreements concerning export controls and economic sanctions occurring in the period July 1 to Sept. 30.
11/13/2017 - Article
Law360
New Bipartisan CFIUS Reform Begins To Take Shape
Mario Mancuso, Boyd Greene and Lucille Hague authored an article regarding key elements of the Foreign Investment Risk Review Modernization Act (FIRRMA) and related takeaways for boards and investors to consider in both near-term transaction planning and overall investment strategy.
11/08/2017 - PEN
Kirkland & Ellis LLP
Private Equity Newsletter - November 8, 2017
This issue includes the articles, "New Tax Bill Would Impact PE Funds and Their Portfolio Companies," and "Proposed Tax Plan Would Affect Executive Compensation and Equity-Based Incentive Programs," which explore the tax bill's potential impact on PE market practices and executive compensation, and "Private Equity and Iran," which discusses a shift in U.S. policy toward Iran.
11/6/2017 - Book
A Dealmaker’s Guide to CFIUS: Answers to Common Questions from Boards, Bankers and Investors
We are pleased to share the inaugural edition of Mario Mancuso’s book, A Dealmaker’s Guide to CFIUS, with our clients and friends.
10/31/2017 - Alert
Kirkland & Ellis LLP
As Investigations Continue in Washington, U.S. State Department Issues Sanctions Guidance on Russia’s Defense and Intelligence Sectors
On October 27, 2017, the U.S. State Department released a list of 39 Russian entities identified as being involved in the defense and intelligence sectors, and as a result, U.S. and non-U.S. companies may face sanctions for doing business with these listed entities.
10/16/2017 - Article
New York Law Journal
September CFIUS Roundup: Lessons and Things to Watch
Mario Mancuso and Luci Hague authored an article regarding certain key CFIUS developments and related takewaways for boards and deal professionals.
10/13/2017 - Article
Bloomberg BNA’s Corporate Law & Accountability Report
U.S. Lifts Embargo on Sudan, Though Certain Sanctions and Export Control Restrictions Remain
Mario Mancuso and Sanjay Mullick authored an article regarding the U.S. government's easing of the majority of economic sanctions on Sudan.
10/12/2017 - Alert
Kirkland & Ellis LLP
Understanding the Rising Corruption, Sanctions and Money Laundering Risks of Doing Business with Venezuela
Recent actions by the U.S. and other governments targeting the government of Venezuela significantly raise the legal and reputational risks of doing business, directly or indirectly, with Venezuelan counterparties, and warrant close attention by financial institutions, companies and investors, especially those operating in or with the energy industry.
9/25/2017 - Article
Law360
Inside CFIUS’ Annual Report: 7 Highlights
Mario Mancuso, Boyd Greene and Luci Hague authored an article summarizing key information from the recently released CFIUS annual report for the 2015 calendar year.
September 21, 2017 - Article
Bloomberg Law: Corporate Law & Accountability Report
CFIUS After Lattice: What Boards, Investors, and Bankers Need to Know Now
Mario Mancuso and Lucille Hague discuss the top five things about the Committee on Foreign Investment in the United States (‘‘CFIUS’’) climate that boards, investors, and bankers need to know now.
September 11, 2017 - Article
Law360
Sanctions Compliance Lessons From Recent OFAC Actions
Mike Casey, Zach Brez and Mario Mancuso authored this article regarding the Office of Foreign Assets Control's resolution of a trio of enforcement actions against U.S.-based and foreign-organized companies that had run afoul of the Iranian Transactions and Sanctions Regulations.
9/8/2017 - Alert
Kirkland & Ellis LLP
The Trump Administration Sharpens Secondary Sanctions — China and Russia Are On Notice
As recently as July 25, 2017, in a wide-ranging interview with the Wall Street Journal, President Trump suggested a willingness to offer trade-related inducements to China in return for China's assistance in peacefully resolving the North Korea problem. In recent weeks, however, as the threat from North Korea has intensified, the Trump administration has signaled a shift in tactics in dealing with China, North Korea's principal economic partner and strategic ally, and Russia.
8/4/2017 - Alert
Kirkland & Ellis LLP
President Trump Signs Sanctions Bill Targeting Russia, North Korea and Iran
On August 2, 2017, President Trump signed into law the “Countering America’s Adversaries Through Sanctions Act,” which imposes new sanctions on Russia, North Korea and Iran and highlights the continuing challenges that companies face in complying with the constantly evolving sanctions landscape.
7/18/2017 - Alert
Kirkland & Ellis LLP
Increasing U.S., Global Scrutiny of Foreign Investment: Things to Watch
In the past several weeks, stakeholders on both sides of the Atlantic have voiced increasing skepticism and concern regarding the potential impact of foreign investment on national security.
7/6/2017 - Alert
Kirkland & Ellis LLP
EU Renews Sanctions and Restrictive Measures Targeting Russia
Recently, the European Union (EU) renewed territorial sanctions and restrictive measures in respect of Russia, Crimea and Sevastopol.
6/21/2017 - Alert
Kirkland & Ellis LLP
Changes in U.S. Cuba, Russia and Iran Sanctions Create Uncertainty for Global Businesses
On June 16, 2017, President Trump announced that the U.S. government would reverse certain of the Obama administration’s policy efforts to liberalize U.S. relations with Cuba.
5/19/2017 - Alert
Kirkland & Ellis LLP
U.S. Senators Raise Questions About CFIUS and Real Estate Transactions
On May 16, 2017, Senators Ron Wyden (D-OR), Sherrod Brown (D-OH), and Claire McCaskill (D-MO) formally requested that the U.S. Government Accountability Office (“GAO”) undertake a study to assess how the Committee on Foreign Investment in the United States (“CFIUS”) evaluates real estate transactions in the United States.
4/25/2017 - Alert
Kirkland & Ellis LLP
Trump Administration Launches Rare Probe of the National Security Impact of Steel Imports
On April 20, 2017, the Trump Administration announced the initiation of an investigation under Section 232 of the Trade Expansion Act of 19621 to assess the impact of steel imports on U.S. national security. This “Section 232” investigation reflects another step towards implementation of the Trump Administration’s assertive “America First” international trade agenda, and provides further indication of the president’s intent to use all available mechanisms to promote robust trade enforcement.
4/6/2017 - Alert
Kirkland & Ellis LLP
Trump Administration Sets “America First” Trade Agenda in Motion
Last week, the Trump administration took several steps to begin implementation of its “America First” international trade agenda.
3/13/2017 - Alert
Kirkland & Ellis LLP
U.S. Imposes $1.19 Billion in Penalties on Chinese Company for Economic Sanctions and Export Control Violations
On March 7, 2017, Zhongxing Telecommunications Equipment Corporation, headquartered in the People’s Republic of China (“PRC”), along with its subsidiaries and affiliates (collectively, “ZTE”) entered into settlement agreements with the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”); U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”); and U.S. Department of Justice (“DOJ”) to resolve civil and criminal violations of U.S. economic sanctions and U.S. export control regulations.
3/2/2017 - Alert
Kirkland & Ellis LLP
Trump Administration Releases National Trade Policy Agenda for 2017
On March 1, 2017, the Office of the U.S. Trade Representative (“USTR”) released its National Trade Policy Agenda for 2017 (“Trade Agenda”) describing the president’s trade policy objectives.
12/6/2016 - Alert
Kirkland & Ellis LLP
President Obama Heeds CFIUS and Blocks Chinese Takeover of German Semiconductor Company
On December 2, 2016, President Obama issued an executive order (the “Order”) blocking the proposed acquisition of German semiconductor manufacturer Aixtron SE’s (“Aixtron”) U.S. business (“Aixtron U.S.”) by a group of Chinese investors led by Fujian Grand Chip Investment Fund LP (the “Buyers”).
10/31/2016 - Alert
Kirkland & Ellis LLP
U.S. Relaxes Cuba Sanctions, Ends Burma Sanctions, Although Election Uncertainties and Compliance Challenges Remain
On October 14, 2016, President Obama approved a Presidential Policy Directive easing U.S. sanctions on Cuba. A week prior, on October 7, 2016, President Obama issued an Executive Order terminating U.S. sanctions on Burma, also known as Myanmar.
10/25/2016 - Alert
M&A and Classified Government Contracts: U.S. Defense Department Issues New Guidance
The Defense Security Service (“DSS”), an agency of the U.S. Department of Defense (“DoD”), recently published guidance1 on Affiliated Operations Plan (“AOP”) requirements for government contractors holding facility security clearances (“Cleared Companies”) and their corporate parents.
10/17/2016 - Alert
Kirkland & Ellis LLP
Dealmakers, Take Note: GAO to Study CFIUS at Congress' Urging
On October 3, 2016, the U.S. Government Accountability Office (“GAO”) announced that it would undertake an assessment of the Committee on Foreign Investment in the United States (“CFIUS”) review process to evaluate “how the current statutory and administrative authorities of the Committee on Foreign Investment in the United States have kept pace with the growing scope of foreign acquisitions in important economic sectors in the United States.” The GAO’s statement responds to a September 15 letter from 16 Members of Congress calling on the GAO to examine the advisability of identified enhancements to CFIUS’ authority and jurisdictional ambit.
9/15/2016 - Alert
Kirkland & Ellis LLP
Russia Sanctions Developments Highlight Need for Active Compliance Efforts
The U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") has significantly expanded the number of entities and individuals subject to Russia sanctions and separately censured U.S. insurance and financial institution entities for failing to keep current with OFAC's sanctions list to prevent transactions with sanctioned parties. Economic sanctions continue to evolve as political situations change in the comprehensively sanctioned jurisdictions of Cuba, Crimea, Iran, North Korea, Sudan and Syria, as well as in countries targeted by more limited but often more complicated sanctions such as those relating to Russia, Burma/Myanmar and many other countries.
6/16/2016 - Alert
Kirkland & Ellis LLP
OFAC Issues New Iran Guidance
On June 8, 2016, the U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”) issued new guidance in the form of frequently asked questions (“FAQs”) on the scope of sanctions relief available under the Joint Comprehensive Plan of Action (“JCPOA”).
6/2016 - Alert
Kirkland & Ellis LLP
[Simplified Chinese] Iran Sanctions: A New Era Announced
On January 16, 2016, the U.S. and EU announced that a number of sanctions on Iran have been lifted under the Joint Comprehensive Plan of Action (“JCPOA”), following verification by the International Atomic Energy Agency that Iran has met its initial commitments to scale back key aspects of its nuclear program (“Implementation Day”).
5/25/2016 - Alert
Kirkland & Ellis LLP
U.S. Department of the Treasury Again Relaxes Burmese Sanctions
The U.S. government recently authorized transactions that enable U.S. companies to expand trade and other business with Burma (aka Myanmar), while also announcing new sanctions targeting specific Burmese companies.
04/06/16 - Alert
Kirkland & Ellis LLP
UK Establishes a Dedicated Unit To Increase Financial Sanctions Compliance and Proposes Increased Penalties for Noncompliance
HM Treasury has established an Office of Financial Sanctions Implementation to ensure that financial sanctions are properly understood, implemented and enforced in the UK.
3/22/2016 - Alert
Kirkland & Ellis LLP
U.S. Sanctions on Cuba — Political and Regulatory Steps Toward Normalization Continue
On March 20, 2016, President Obama arrived in Cuba for an historic visit aimed at engaging with the Cuban people and encouraging the nascent private sector.
3/4/2016 - Alert
Kirkland & Ellis LLP
CFIUS Annual Report to Congress: What Dealmakers Should Know
Recently, the Committee on Foreign Investment in the United States (“CFIUS”), an inter-agency committee authorized to review transactions that could result in the control of a U.S. business by a foreign person (“covered transactions”) in order to determine the effect of such transactions on the national security of the United States, released its unclassified Annual Report to Congress for the 2014 calendar year (the “Annual Report”).
1/26/2016 - Alert
Kirkland & Ellis LLP
Iran Sanctions: A New Era Announced
On January 16, 2016, the U.S. and EU announced that a number of sanctions on Iran have been lifted under the Joint Comprehensive Plan of Action (“JCPOA”), following verification by the International Atomic Energy Agency that Iran has met its initial commitments to scale back key aspects of its nuclear program (“Implementation Day”).
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