Around Town …

  • Nuclear proliferator AQ Khan will not appeal a court decision that curbs his movement and other freedoms.  Meanwhile the former Pakistani Ambassador to Germany says civilian nuclear talks with U.S. not on the table, export controls and the U.S. Congress a barrier.
  • WikiLeaks editors complain that it WikiLeaks “has been the subject of hostile acts by security organizations.”  If you’re posting classified information and endangering U.S. national security, what do you expect?
  • Innospec – a specialty chemicals company –  has agreed to pay $2.2 million to the U.S. Government to settle allegations of violations of the Cuba sanctions.  The $2.2 million is part of a $40.2 million comprehensive criminal and civil settlement between Innospec and the Treasury Department Office of Foreign Assets Control (OFAC), the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the United Kingdom’s Serious Fraud Office (SFO).
  • New York freight forwarder pays $20,000 penalty to the U.S. Government for alleged export control violations.
  • American Enterprise Institute (AEI) scholar Neena Shenai pens that that U.S. and India “should make export control policy commensurate with the US-India partnership.”  With just about .2 % of total U.S. exports to India impacted by export controls, not to mention India contract “offsets,” it seems that the ball is in India’s court this go around.
  • Recess appointment: Eric L. Hirschhorn, Nominee for Under Secretary of Commerce for Export Administration and head of the Bureau of Industry and Security, Department of Commerce.  Expect some, albeit minor, political blowback.
  • According to Russia’s Lukoil Oil Company 2009 financial statements that were released last week, the company pulled out of a Iranian project that has cost the company an impairment loss of $63 million “because of the threat of economic sanctions of the US Government.”  It is highly unlikely that U.S.-Iran sanctions were the sole reason, but a good start.
  • China to set up a CFIUS-like regulatory body to review foreign investments in China, among other things.  Some suspect it may likely used in retaliation for things such as this.
  • OFAC updated the SDN list last week.
  • If you’re a U.S. company general counsel and thought real property expropriation was a relic of the Cold War, think again.   A reader sent the following article from a Harvard student or professor (not clear from the site) that, in part, says:  “Expropriation can be a useful tool for alleviating poverty especially in cases where there is clearly abusive hording of land that could be legitimately utilized by campesinos to increase their quality of life and community.”  Plenty of it taking place throughout Latin America, elsewhere.
  • The the British National Space Centre was launched last week.  And, yes, there is licensing involved to “preserve the national security of the UK.”
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