Hughes Hubbard’s Michael Huneke says new national security rules, including the Treasury’s Outbound Investment Rule, rely on a legal standard grounded in the Foreign Corrupt Practices Act.
The government of Canada has ordered TikTok to dissolve its operations in the country. Canada said it was reacting to "specific national security risks" associated with the TikTok owner, ByteDance.
Canada has become the latest country to talk about the threat of the Chinese social media app TikTok, with the government today ordering the closure of TikTok’s business in the country – but not ...