Navigating the Most Vexing China Sanctions Challenges: Benchmarking and Best Practices

October 13, 2023 2:45pm

Eric Carlson
Covington & Burling LLP

Osmar Jose Benvenuto
Managing Director & Head of Financial Crimes Risk
Morgan Stanley
Former Deputy Chief, Criminal Division, U.S. Attorney’s Offices, U.S. Department of Justice

Sahra Su
Lead Senior Legal Counsel, Export Control (Global)

  • Impact of US sanctions on business operations related to China/Hong Kong
  • Best practices for diligence on counterparties in China (including XPCC)
  • Understanding risks under China’s Countering Foreign Sanctions Law and related countermeasures
    • Potential counter measures
      • Micron ban
      • Consultancy ban
      • Examples from Russia that may be used
  • Identifying impacts and adjusting
    • Congressional and Administration responses
    • Pending legislations/ special committees/ hearings
    • G8/APEC, etc.
    • Multilateral responses? Who joins and who doesn’t