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Trade Lessons From The ZTE Saga

Law360 (June 21, 2018, 3:59 PM EDT) -- Less than two months after Zhongxing Telecommunications Equipment Corp. and ZTE Kangxun Telecommunications Ltd. made news because the U.S. Department of Commerce’s Bureau of Industry and Security announced it was denying export privileges to ZTE, BIS has announced that the denial order will be lifted pursuant to a new settlement with ZTE.

In March 2017, ZTE reached a settlement with the U.S. government for its violation of U.S. sanctions by supplying both Iran and North Korea with U.S.-origin telecommunications equipment. According to the Office of Foreign Asset...
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