Commerce Department and ZTE Reach New Agreement on U.S. Export Violations

On June 7th, the Commerce Department announced that Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd. (collectively “ZTE”) agreed to additional civil penalties and compliance measures in exchange for their removal from the Bureau of Industry and Security (“BIS”) Denied Persons List, thereby allowing them to regain access to the U.S. market. ZTE, the […]

U.S. Commerce Department to Increase Maximum Civil Penalty Amounts on January 15th  

As announced yesterday in the Federal Register, the maximum civil penalty amounts that may be assessed by the various bureaus, offices and agencies of the Department of Commerce will be adjusted upwards for inflation per the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. What does this mean for U.S. companies? Briefly, the Final […]