On May 7, 2026, the Department of Defense (“DoD”) issued a proposed rule that would fundamentally expand the scope of foreign ownership, control, or influence (“FOCI”) disclosure and risk mitigation requirements for a significant number of companies that serve the national defense. The proposed rule, together with DoD Instruction (“DoDI”) 5205.87 (issued in 2024), would
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Senate Judiciary Committee Advances GUARD Act Regulating Minor Use of AI
On April 30, 2026, the U.S. Senate Judiciary Committee unanimously advanced S. 3062, the Guidelines for User Age-verification and Responsible Dialogue Act of 2025 (the “GUARD Act”), marking a significant development in federal efforts to regulate certain uses of artificial intelligence (AI) involving minors. The bill now awaits consideration by the full Senate.
Senators…
Important Projects of Common European Interest (IPCEIs) on Artificial Intelligence and Compute Infrastructure Continuum
EU Member States are currently designing two possible new Important Projects of Common European Interest (“IPCEIs”) to support the development of AI and compute infrastructure in the EU (together the “Digital IPCEIs”), subject to European Commission (“Commission”) approval.
On 10 March 2026, the “matchmaking” phase under the IPCEI on Artificial Intelligence (“IPCEI-AI”) was officially launched…
EU Adopts Additional Sanctions Against Russia and Belarus & UK Adopts Sanctions End-Use Controls
On 23 April 2026, the Council of the European Union adopted a new package of economic sanctions against Russia, marking the twentieth sanctions package introduced since the start of Russia’s full scale invasion of Ukraine.
Click here to read the full alert on cov.com.
UK Government launches the Fair Work Agency: What do employment and business and human rights specialists need to know?
On April 7, 2026, the Fair Work Agency (“FWA”) was established as a new single enforcement body for employment rights in the UK, operating under the framework set out in Part 5 of the Employment Rights Act 2025 (“ERA”). In this alert, we provide an overview of the FWA and its civil and criminal investigation…
Current and Forthcoming Section 232 Actions by the Trump Administration
Section 232 of the Trade Expansion Act of 1962 (“Section 232”) authorizes the President to “adjust” imports—including through application of tariffs, quotas, tariff rate quotas, and license fees—where the Department of Commerce (“Commerce”) determines imports threaten to impair U.S. national security. Since February 2025, President Trump has invoked Section 232 to impose or modify tariffs…
Future of Defense Across EMEA
Europe has switched to a wartime mindset and is surging defense spending to levels not seen since the Cold War: 20% growth in 2024 and in 2025, and a total of around $450 billion across the EU. Europe is also ramping up defense production locally, and seeking to accelerate this process through preferential funding schemes.…
FinCEN Proposes Reform of AML/CFT Program Requirements
On April 7, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking (the “FinCEN NPRM”) to reform anti-money laundering and countering the financing of terrorism (“AML/CFT”) program requirements under the Bank Secrecy Act (“BSA”) for all regulated financial institutions. In a parallel Notice of Proposed Rulemaking…
Section 363 Sales Provide Strategic Opportunities to Acquire Assets in the U.S.
In an increasingly global economy, sophisticated foreign companies are seeking strategic and cost‑effective ways to establish or expand their presence in the United States, enter new product lines, or acquire strategic assets at attractive valuations. One frequently overlooked pathway is acquiring assets through a U.S. bankruptcy case.
Click here to read the full alert on
The Next Frontier of Supply Chain Security: Congress Trains Its Sights on Robotics
In introducing the American Security Robotics Act of 2026, Senators Tom Cotton (R-AR) and Chuck Schumer (D-NY) have extended a now familiar congressional playbook into a new and consequential domain: robotics. The bill would prohibit executive agencies from procuring or operating unmanned ground vehicle systems (UGVs) manufactured or assembled by “covered foreign entities,” a…