News & Analysis as of

National Security Investment

Baker Botts L.L.P.

Navigating the CFIUS Fast Track Program

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In May 2025, the Treasury Department, as chair of the Committee on Foreign Investment in the United States (CFIUS), announced a new “fast track process to facilitate greater investment in U.S. businesses from ally and partner...more

A&O Shearman

EU Defence Readiness Omnibus: New Investment Pathways for Private Capital

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The European Commission (EC) released a communication on 17 June 2025 to introduce the “Defence Readiness Omnibus”, the latest in a series of legislative “Omnibus” packages presented by the EC in 2025. The Defence Omnibus...more

Blake, Cassels & Graydon LLP

Foreign Investment in Canada: Recent Trends and Future Outlook

The Investment Canada Act (ICA) applies to all investments in Canada by non-Canadians. The Canadian government’s approach to investment reviews under the ICA has been shifting. While the review process previously focused on a...more

Fenwick & West LLP

And Then There Were 10: Trump Admin Unwinds Suirui Group Co.’s Acquisition of Jupiter Systems

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On July 11, 2025, the Trump administration published an order forcing Suirui International Co., Limited—a Hong Kong company that is majority owned by Suirui Group Co., Ltd., a People’s Republic of China company—to unwind its...more

Stankie Law

Revocation of Syrian Sanctions: Opportunities, Risks, and Changes under Executive Order 14312

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President Trump continued his flurry of sanctions actions with the recent revocation of the Syrian sanctions program. On June 30, 2025, President Donald Trump issued Executive Order (“EO”) 14312 “Providing for the Revocation...more

Knobbe Martens

Space Technology Investments Clear the Launch Tower in 2025

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Investments in space technology are off to a strong start in the first half of 2025. The rising trend over the last four years, as mentioned in a previous Knobbe Martens Aerospace Blog post, appears to be continuing. The...more

Knobbe Martens

Raft Acquires N3bula Systems

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On June 17, 2025, Raft announced its acquisition of N3bula Systems. Raft is a defense technology company that specializes in delivering autonomous data fusion, AI/ML, and data solutions tailored for U.S. military and...more

Bennett Jones LLP

Private Equity and Venture Capital Investors Showing Renewed Interest in the Defence Industry

Bennett Jones LLP on

With NATO members recently agreeing to increase defence spending to levels unseen since the Second World War, this is a timely opportunity to take a closer look at a theme we have been hearing a lot about lately – the growing...more

Skadden, Arps, Slate, Meagher & Flom LLP

M&A in the AI Era: Key Antitrust and National Security Considerations

Key Points - - As more jurisdictions adopt AI regulations, and AI-related transactions are reviewed on multiple legal grounds, it is critical for companies considering deals to assess the regulatory hurdles early on and...more

White & Case LLP

Beating the hackers: US cybersecurity dealmaking hits back against rising attacks - Policymakers have renewed their focus on...

White & Case LLP on

The persistence and evolution of cybercrime across the US is reshaping M&A in the cybersecurity sector. Driven by escalating threats, increasing costs and liability to businesses, and a growing and more defined regulatory...more

Troutman Pepper Locke

The GENIUS Act: What Is It and What’s Next?

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On June 17, the U.S. Senate voted 68-30 to pass S.1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act, known as the GENIUS Act (the Act). This represents a landmark effort by the U.S. Congress to...more

Pillsbury Winthrop Shaw Pittman LLP

G7 Releases Critical Minerals Action Plan on the Heels of IEA’s 2025 Critical Minerals Outlook

The IEA’s 2025 Global Critical Minerals Outlook reveals a market at a crossroads: While demand for energy transition and other minerals continues to surge, investment and supply diversification are not keeping pace....more

Brownstein Hyatt Farber Schreck

Next Steps in European Defense

The United States and Europe are at a critical juncture with increasing demands on their defense industrial bases in the face of ongoing threats. Both sides of the Atlantic are focused on increasing defense spending,...more

Proskauer - The Capital Commitment

Global Trade in 2025: Outbound Investment Restrictions

Motivated by a rapidly evolving geopolitical climate, governments around the globe have increasingly scrutinized and intervened in transactions under foreign direct investment (FDI) screening regimes in recent years. Rising...more

Proskauer - Regulatory & Compliance

Treasury’s Latest Moves: Fast-Track for Foreign Investors & Outbound AI Investment Inquiry

The U.S. Department of the Treasury (“Treasury”) has been active in the context of the Committee on Foreign Investment in the United States’ (“CFIUS”) and the Outbound Investment Security Program (“OISP”). The main updates...more

White & Case LLP

Newly Adopted Greek FDI Regime

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On 22 May 2025, the Hellenic Parliament enacted Law 5202/2025, introducing a Foreign Direct Investment (“FDI”) regime in Greece (the “Regime”), effective as of that date. The Regime took effect immediately upon publication in...more

Ropes & Gray LLP

What Are the Key Takeaways From Rachel Reeves’ Spending Review and Who Will be the Biggest Winners?

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Rachel Reeves, the UK’s Chancellor of the Exchequer, has revealed the Government’s Spending Review 2025 (SR25) setting out departmental budgets until 2029 and capital investment until 2030. The SR25 is in line with the...more

DLA Piper

Revised EU FDI Screening Regulation’s Direction of Motion Following the European Parliament’s Review

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The EU Foreign Direct Investment (FDI) Screening Regulation (Regulation) entered into force in October 2020. It aims to create a cooperation mechanism which enables EU member states and the European Commission (EC) to...more

A&O Shearman

From open door to watchful gatekeeper: Greece adopts a foreign-investment screening mechanism

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On May 22, 2025, the Hellenic Parliament passed long-expected legislation to establish Greece’s first national mechanism for the screening of foreign direct investments (FDI) on grounds of national security and public order....more

The Volkov Law Group

OFAC Recalibrates Syria Sanctions in Response to Regime Change

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On May 23, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License No. 25 under the Syrian Sanctions Regulations, marking a measured but far-reaching reconfiguration of...more

Baker Donelson

CFIUS Announces Fast Track Pilot Program: How Foreign Investors Can Take Advantage

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The Department of Treasury announced a forthcoming Fast Track Pilot Program where foreign investors can register to streamline compliance with the Committee on Foreign Investment in the United States (CFIUS). The goal of the...more

Baker Botts L.L.P.

UAE’s Stargate – A Defining Moment for Global AI and Infrastructure

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The UAE’s bold move to launch the “Stargate” AI data center in Abu Dhabi by 2026 is more than a technological milestone. It’s a strategic play that reinforces the country’s ambition to lead in AI, digital infrastructure, and...more

King & Spalding

New Executive Orders Aim to Accelerate and Expand Development of U.S. Nuclear Energy

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Trump's EOs Intend to Spur U.S. Nuclear Revival - On May 23, 2025, President Trump signed four Executive Orders (“the EOs”) intended to spur a nuclear industry revival in the U.S. through a revamped and streamlined...more

Eversheds Sutherland (US) LLP

Syria sanctions lifted after decades

On May 23, 2025, the Office of Foreign Assets Control (OFAC) issued General License 25 (GL 25), authorizing transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria. This comes 10...more

Wilson Sonsini Goodrich & Rosati

The CFIUS “Fast-Track” Pilot Program: Why You (Probably) Can Ignore This Space

On May 8, 2025, the U.S. Department of the Treasury (Treasury) announced that it will create a “fast-track pilot program” for certain foreign investors. The stated goal of the program is to streamline investment reviews by...more

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