U.S. Issues New Sanctions Authorities Following Implementation of China’s National Security Law for Hong Kong

21 July 2020
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Key takeaways: 

  • The United States has issued two new sanctions authorities related to Hong Kong. Though no sanctions have yet been adopted under these authorities, the actions represent a significant escalation in the United States’ response to events in Hong Kong.
  • Even in the absence of new sanctions under these authorities, both U.S. and non-U.S. companies doing business in Hong Kong may face a variety of impacts, including increased compliance costs and the risk of potential conflict with Chinese law.