Court Calls into Question Securities Trading Restrictions on Entities Designated as Communist Chinese Military Companies
By EsqSocial Corporation 22/03/21
The U.S. District Court for the District of Columbia last week ruled that certain securities trading restrictions will be prevented from going into effect with respect to Xiaomi Corporation (“Xiaomi”) under Section 1237 of the National Defense Authorization Act for Fiscal year 1999, as amended (“Section 1237”). In its opinion, the court found that Xiaomi was likely to succeed on the merits of its claims that the United States government’s designation of Xiaomi as a Communist Chinese military...
By: Dorsey & Whitney LLP