TRUMP SAYS ZTE TO PAY $1.3 BILLION FINE TO REOPEN

On 26th May, Gulf News reported that President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees”.  ZTE would also have to hire American compliance officers, a source is quoted as saying.

https://m.gulfnews.com/business/sectors/technology/trump-says-china-s-zte-to-pay-1-3-billion-fine-to-reopen-1.2227172

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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