OFAC issues FAQ on Xiaomi

The US Office of Foreign Assets Control (OFAC) has published FAQ 896, which confirms that the securities-related prohibitions pursuant to Executive Order 13959 do not apply to Xiaomi Corporation. See Notice. On 25 May 2021, the US District Court for the District of Columbia ordered that the company’s listing as a Communist Chinese military company (CCMC) be vacated (see post). …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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