On 19 September 2020, the Ministry of Commerce of the People’s Republic of China (MOFCOM) issued the Regulations on Unreliable Entity List (“UEL Regulations”), which take effect on the same date. While MOFCOM has not named any specific foreign entity to be included on the Unreliable Entity List (UEL), the UEL Regulations set out the principles for the implementation of the UEL system as summarized below. What entities will be included in the UEL? The UEL consists…