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Trade & Procurement
Recent changes
Commonwealth v. Levi L. - Juvenile Non-Precedential Opinion
The Massachusetts Appeals Court issued a non-precedential opinion affirming the denial of a juvenile's motion to suppress evidence related to firearm and ammunition charges. The juvenile had conditionally pleaded guilty after the motion to suppress was denied.
UK ICO Guidance on Agentic AI and UK GDPR Compliance
The UK ICO has released a Tech Futures report analyzing agentic AI systems and their compliance with UK GDPR. The report emphasizes that developers and deployers of these systems must adhere to existing UK GDPR requirements, including those related to automated decision-making, data minimization, and accuracy.
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.
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.
OFAC Fines IMG Academy for Sanctions Violations
The Office of Foreign Assets Control (OFAC) has fined IMG Academy $XXX,XXX for accepting tuition payments from parents designated under sanctions. The enforcement action highlights the pervasive nature of sanctions risk across various sectors, including educational institutions.
USITC Launches Investigations into China Trade Relations and Biotech Support
The US International Trade Commission (ITC) has launched two Section 332 investigations: one examining the economic effects of revoking China's permanent normal trade relations status, and another reviewing China's state support and pricing practices in the biotechnology sector. These investigations will provide an analytical record for Congress and the administration regarding future trade and industrial policy measures targeting China.
USITC Investigates Chinese Biotech State Support and Pricing
The U.S. International Trade Commission (USITC) has launched an investigation into Chinese state support and pricing practices within the biotechnology sector. The investigation aims to assess the impact on U.S. industry competitiveness and market share, with a report due by January 2027.
Germany NIS2 Cybersecurity Law Implementation Deadline
Germany's implementation law for the NIS2 Directive, effective December 2025, expands cybersecurity requirements to new sectors including digital services and manufacturing. Covered entities must register with the BSI by March 6, 2026, and comply with new security and incident reporting obligations.
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.
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