On June 6 and June 9, 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued additional guidance on the sanctions that prohibit U.S. persons from making a “new investment” in Russia and from providing accounting, trust and corporate formation, and management consulting services to any person located in Russia.
Separately, from June…
The UK government has reported a successful start to the implementation of the National Security and Investment Act 2021 (the “NSIA” or “Act”). During the first three months (Jan-March 2022) in which the new NSIA regime has been active, the Investment Screening Unit (“ISU”) received 222 filings and reviewed 17 transactions in depth. Of those…
On Monday 13 June, the UK Government tabled a Northern Ireland Protocol Bill (The NIP Bill) giving it the power to dis-apply parts of the N Ireland Protocol (NIP), an integral part of the EU-UK Trade and Cooperation Agreement (TCA). The EU’s response was immediate: unfreezing the 2021 legal action commenced in response to the…
Last month, the U.S.-EU Trade and Technology Council (TTC) met in Paris-Saclay for the second time since its launch in June 2021. (The first ministerial took place in Pittsburgh in September. France hosted this session as holder of the rotating presidency of the Council of the EU.) The meeting was co-chaired by Secretary of State…
Trade associations, 501(c)(4) social welfare organizations, other outside groups that pay forpolitical advertisements, and their donors now have more answers to long-running questionsregarding when donations to these groups are publicly reportable. After postponingconsideration of the issue during its previous meeting, the Federal Election Commission (“FEC”)approved Wednesday an interim final rule on donor disclosure. The interim…
The UK government has proposed legislation to open the way for gene‑edited food products in England. The Genetic Technology (Precision Breeding) Bill (“Precision Breeding Bill”) sets out a new regulatory regime that may provide a faster and easier path to market for certain gene-edited plants, animals and derived products.
Overview of the Precision Breeding Bill…
After years of negotiations, members of the U.S. Senate and House of Representatives have released bipartisan comprehensive privacy legislation—the American Data Privacy and Protection Act. Democrats and Republicans have put forward separate proposals in the past that have more in common than different. The two main points of disagreement that have historically stalled a…
On May 19, the Federal Trade Commission (“FTC”) adopted, on a unanimous basis, a policy statement reminding educational technology vendors (“ed tech vendors”) of their duty to comply with the substantive privacy protections of the Children’s Online Privacy Protection Act (“COPPA”) and the Commission-issued COPPA Rule. The policy statement reiterates the requirements of the Rule…
Congress launched the Conference Committee on Bipartisan Innovation and Competition Legislation last week with a four-hour meeting featuring remarks by nearly one-hundred committee chairs and members from both chambers of Congress. Chaired by Senator Maria Cantwell (D-WA), the Conference Committee’s objective is to reconcile differences between the United States Innovation and Competition Act (“USICA”),…
Northern Ireland’s 30 years of ‘Troubles’ were brought to an end by the 1998 Good Friday Agreement (the GFA). The GFA was based on the principle of cross-community support from both nationalists and unionists: a delicate compromise which sought a middle path between the Unionists – who see N Ireland as an integral part of…
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