Earlier, ZTE was finally settled by the U.S. sanctions, but the case is still under implementation and the latest news shows that the sanctions wave again and the two consulting firms exit.
According to Reuters quoted sources as saying, sources said that in June this year, the U.S. government oversaw ZTE's Texas lawyer James Stanton hiring Guidepost Solutions and Larkin Trade International to help assess ZTE compliance US export controls and sanctions laws to reduce the risk of future misconduct, but by the end of August the two companies clashed with Stanton in the way they worked and then parted ways.
Reuters can not confirm the exact reason why the two companies decided to quit, but Stanton initially limited the ability of consultants to access ZTE's documents and related personnel, making it difficult for them to help oversee ZTE.
And Matthew Bell, head of compliance at ZTE in the United States, said: 'We look forward to cooperation and successful supervision.'
Last year, the U.S. government imposed a restriction on exports on the grounds that it violated export control laws and regulations (allegedly violating the U.S. export control policy toward Iran). On March 7 this year, ZTE Corporation announced that it had signed with the U.S. government the United States Government export control investigation case reached a settlement.
As a condition of the settlement, ZTE agreed to pay a fine of about $ 890 million.In addition, the US Department of Commerce Bureau of Industry and Security to ZTE Corporation 300 million US dollars in fines can be suspended, according to the next seven years ZTE implementation of the agreement regulation and Depending on the audit result.