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COINS Act Codifies Outbound Investment Security Program
The 2025 COINS Act, signed into law on December 18, 2025, codifies the Outbound Investment Security Program (OISP). While it does not immediately alter existing regulations, it mandates substantive changes to the OISP's scope, with new Treasury Department regulations due by March 2027.
Ninth Circuit Expands Personal Jurisdiction Over Foreign Tech Platforms
The Ninth Circuit expanded personal jurisdiction over foreign tech companies in data breach cases in Freeman v. 3Commas Technologies OÜ. The ruling allows foreign companies with significant digital activities and knowledge of California customers to be sued in California courts, reversing a lower court's dismissal.
EU-UK Competition Cooperation Agreement Signed
The European Commission and the UK have signed a competition cooperation agreement establishing a formal post-Brexit framework for antitrust and merger enforcement coordination. The agreement institutionalizes notification, coordination, and information-sharing mechanisms but requires ratification by both parties and is not yet in force.
Texas Court Requires US Domicile for Chapter 15 Recognition
The US Bankruptcy Court for the Southern District of Texas ruled in In re Siu-Fung Ceramics Holdings that foreign debtors must have a US domicile, place of business, or property to qualify for Chapter 15 recognition. This decision aligns with the Second Circuit and diverges from the Eleventh Circuit's precedent.
Horizon Sustainability Law News Bulletin - February 2026
DLA Piper's February 2026 sustainability law bulletin covers legislative and policy developments. Key updates include California's CARB hearing on SB 253 and SB 261 regulations, discussing proposed fees, penalties, and potential exemptions for insurers.
CRD VI Consequences for M&A Transactions
CRD VI introduces a new harmonized regime for M&A transactions in the banking sector across the EU, requiring prior notification and, in some cases, approval from competent authorities. While national transposition is incomplete, the M&A provisions are set to apply from January 11, 2026.
ESMA Final Draft RTS on Clearing Thresholds Under EMIR 3
The European Securities and Markets Authority (ESMA) has published its final report with draft regulatory technical standards (RTS) amending the clearing threshold regime under EMIR 3. The changes shift the focus from ETD vs OTC to uncleared OTC transactions, with revised thresholds for various derivative classes.
OFAC Fines Executive $3.77M for Syria Sanctions Violations
The Office of Foreign Assets Control (OFAC) has settled with a real estate executive for $3.77 million for violating U.S. sanctions against Syria. The executive provided managerial services to Syrian real estate companies, which OFAC deemed an 'egregious' violation.
OCC GENIUS Act Proposal on Stablecoins
The Office of the Comptroller of the Currency (OCC) has issued a Notice of Proposed Rulemaking (NPR) to implement the GENIUS Act concerning stablecoins. The proposal seeks public comment on regulatory frameworks for permitted payment stablecoin issuers, including rules on yield-bearing features and opt-out provisions for state-approved issuers. Comments are due May 1, 2026.
Importers Can Preserve Rights for IEEPA Tariff Refunds
Following a Supreme Court ruling that the International Emergency Economic Powers Act (IEEPA) does not authorize presidential tariffs, importers can take steps to preserve their rights for refunds of paid duties. The US Court of International Trade is expected to address remedies soon, and importers have options including post summary corrections, protests, or lawsuits.
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