Tencent and TikTok - A Deep Dive on the Executive Orders and CFIUS
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We are joined by Brian Fleming, Member at leading Washington DC law firm, Miller & Chevalier. Before joining the firm, Brian spent several years at the US Department of Justice working on national security issues related to export control, CFIUS investigations, and other compliance and enforcement efforts on international trade. Brian and Art discuss the recent Executive Orders restricting the use of WeChat and TikTok and the ongoing discussions about a potential sale of TikTok and the concurrent CFIUS investigation. -What is the legal basis behind the TikTok and WeChat Executive Orders? -How will the 45 day time frame and process work for the Commerce Department to identify transactions subject to these orders? -Are US companies' China subsidiaries covered by the order on WeChat? -Will US citizens really fall under this rule and be prevented from using WeChat from a practical perspective, even in China? Can they really enforce this rule on a person-by-person basis? Who is reall...
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