On July 14, the president issued Executive Order (EO) 13936, directing US federal agencies to revoke or suspend the Hong Kong Special Administrative Region’s (HKSAR) special status from mainland China under select laws and regulations. As of August 15, several agencies had announced rule changes or proposed changes to implement the president’s directive. After one month, what are the major impacts of EO 13936 on individuals and companies doing business or investing in Hong Kong?
This Client Alert provides a summary of EO 13936’s impact on export controls, arms controls, investigations and white-collar defense, immigration, and trade, with contributions from Steptoe’s cross-border teams based in Washington, DC, New York, and Hong Kong.
Click here to read the full Client Alert to learn more about EO 13936 and recent changes to US law related to Hong Kong.