Cos. Face Uncertainty In Commerce Foreign Adversary Rules

Law360 (February 11, 2021, 6:22 PM EST) -- On Jan. 19, the U.S. Department of Commerce published a long-awaited interim final rule to address the use of goods or services sourced from foreign adversaries in the U.S. supply chain for information communications technology and services, or ICTS, transactions.[1]

When the interim final rules take effect on March 20, they will enable the secretary of commerce to block any ICTS transaction involving goods or services designed, developed, manufactured, or supplied from foreign adversaries or companies organized in a foreign adversary country, conducting operations in a foreign adversary country, or otherwise subject to the direction or control of a foreign adversary....

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