Welcome to the April-May edition of Akin Intelligence. This edition is a double header, covering both months as we prepare for the launch of our new AI Hub—a one-stop resource for AI coverage that will launch soon. Starting...more
6/14/2024
/ Artificial Intelligence ,
Bureau of Industry and Security (BIS) ,
CFTC ,
Department of Homeland Security (DHS) ,
Draft Guidance ,
Executive Orders ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Know Your Customers ,
Machine Learning ,
Memorandum of Understanding ,
National Science Foundation ,
NIST ,
OMB ,
Risk Management ,
UK ,
USPTO
Key Points - Following our Alert last month addressing the United Kingdom Government’s intentions to improve the workings of the National Security and Investment Act 2021 (NSIA), the U.K. Government has now published two new...more
5/28/2024
/ Acquisitions ,
Foreign Direct Investment ,
Foreign Investment ,
Insolvency ,
Intellectual Property Protection ,
Investment ,
National Security ,
Restructuring ,
Risk Assessment ,
Supply Chain ,
UK
On Feb. 29, the U.K. government announced that U.K. ministers will pilot artificial intelligence tools to analyze responses to government consultations and respond to questions from Parliament, in an effort to boost...more
Key Points - On Thursday, the UK government announced its intention to improve the workings of the NSIA, “ in these dangerous and uncertain times [when] our economy is increasingly the target for our adversaries.” In November...more
Welcome to the March edition of Akin Intelligence. This month, the EU AI Act was approved by the European Parliament, moving one step closer to becoming the first major AI law. In the U.S., the DOJ brought criminal charges...more
4/10/2024
/ Artificial Intelligence ,
Biden Administration ,
Commercial Litigation ,
Copyright ,
Corporate Governance ,
Cybersecurity ,
Data Privacy ,
Data Security ,
EU ,
Executive Orders ,
Healthcare ,
Innovative Technology ,
Intellectual Property Protection ,
Legislative Agendas ,
Life Sciences ,
Machine Learning ,
National Security ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
State and Local Government ,
Technology Sector ,
UK
The year 2023 will be remembered as a challenging one for private equity (PE), with complexities to navigate on many fronts. Traditional debt financing was expensive and scarce, expectations on valuations were tricky to...more
3/12/2024
/ Antitrust Provisions ,
Carbon Capture and Sequestration ,
CFIUS ,
China ,
Corporate Transparency Act ,
Divestiture ,
Domestic Dealmaking ,
Drug Pricing ,
Energy Sector ,
Foreign Direct Investment ,
Foreign Investment ,
Greenhouse Gas Emissions ,
Healthcare ,
Investment ,
Life Sciences ,
Liquidity ,
Mergers ,
Non-Compete Agreements ,
Prescription Drugs ,
Private Equity ,
Private Equity Firms ,
Renewable Energy ,
Reporting Requirements ,
UK ,
Unions ,
Venture Capital
A ground-breaking, first of its kind, sector agnostic, comprehensive law regulating Artificial Intelligence (AI) was agreed in the European Union on Friday, 8 December 2023, between the European Parliament, Commission and...more
12/14/2023
/ Artificial Intelligence ,
Biometric Information ,
Copyright ,
EU ,
European Commission ,
European Council ,
European Parliament ,
Innovation ,
Machine Learning ,
New Legislation ,
Penalties ,
UK
On 7 November 2023, in the King’s Speech, the UK government announced three draft laws aimed at supporting tech companies’ growth and competitiveness: the Automated Vehicles Bill (AV Bill), the Digital Markets, Competition...more
12/1/2023
/ Data Protection ,
Digital Single Market ,
Driverless Cars ,
EU ,
Mergers ,
Penalties ,
Personal Data ,
Popular ,
Technology Sector ,
Threshold Requirements ,
UK
On 21 November 2023, as part of its inquiry into large language models (LLMs), the UK’s Communications and Digital Lords Committee considered the role of regulators and emerging trends regarding LLMs, including evidence from...more
On 18 September 2023, following its initial review of artificial intelligence (AI) foundation models (FMs), the UK Competition and Markets Authority (CMA) published its eagerly awaited report (the “Report”).The Report has...more
Welcome to the September edition of Akin Intelligence. As the U.S. Congress reconvenes after the August recess, we continue to see bipartisan interest in artificial intelligence (AI) regulation. In the executive branch,...more
9/18/2023
/ Age Discrimination ,
Artificial Intelligence ,
Biden Administration ,
China ,
Class Action ,
Consumer Financial Protection Bureau (CFPB) ,
Copyright ,
Copyright Office ,
Cybersecurity ,
Deep Fake ,
Department of Defense (DOD) ,
EU ,
Executive Orders ,
Fair Credit Reporting Act (FCRA) ,
Federal Election Commission (FEC) ,
Foreign Investment ,
Healthcare ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Jurisdiction ,
NDAA ,
Outbound Transactions ,
Preliminary Injunctions ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Thought Leadership ,
UK ,
USPTO
The UK government has recently published a Policy Paper setting out its early proposals for what the UK’s regulatory framework in respect of artificial intelligence (AI) might look like (the “Framework”). This follows the...more
The UK government introduced into Parliament a wholesale change to its State aid rules under the new Subsidy Control Bill on 30 June 2021 (the “Bill”). The regime, which is set to come into effect in H1 2022, subject to...more
While the U.K. has a mature approach to protecting national security overall, the government lacks effective statutory powers in relation to the ownership and control of businesses and other entities that could be used to...more
In anticipation of the United Kingdom’s exit from the EU on December 31 (‘Brexit’), the Competition and Markets Authority (the ‘CMA’) published its guidance on the expected changes to U.K. competition law regime. The guidance...more
1. Summary
The United Kingdom (U.K.) government published the National Security and Investment Bill (“NSI Bill” or “Bill”) on November 11, 2020, the aim of which is to strengthen the government’s powers to scrutinize and...more
- On April 17, 2020, the CMA provisionally cleared Amazon’s investment in Deliveroo in light of the deterioration in Deliveroo’s financial position caused by COVID-19.
- The CMA has provisionally concluded that...more
- Extension of the existing State aid scheme would enable support for research, testing and production of products to tackle COVID-19.
- It would also allow tax payment deferrals and wage subsidies to help avoid...more
4/3/2020
/ Coronavirus/COVID-19 ,
EU ,
European Commission ,
Financial Stimulus ,
Germany ,
Liquidity ,
Member State ,
State Aid ,
Subsidies ,
Tax Deferral ,
UK
In this episode, Akin Gump international competition and trade partner Davina Garrod and corporate partner Gavin Weir discuss M&A in the U.K., EU, U.S., China and more, its state of health and where it might go in 2020....more
2/28/2020
/ Acquisitions ,
Antitrust Investigations ,
CFIUS ,
China ,
Coronavirus/COVID-19 ,
Cross-Border Transactions ,
EU ,
Foreign Investment ,
Life Sciences ,
Mergers ,
Trade Relations ,
Trump Administration ,
UK ,
UK Brexit ,
US Trade Policies
Monday, December 10 – Court of Justice of the European Union (CJEU) ruling on whether the United Kingdom can unilaterally revoke Article 50 (08:00 GMT); House of Commons debate on Brexit deal continues from around 15:30/16:30...more
• On December 4, 2018, CJEU AG Campos Sánchez-Bordona opined that the U.K. could unilaterally revoke its Article 50 withdrawal notification, provided that the revocation has been decided upon in accordance with the Member...more
• The U.K. Department for Business, Energy and Industrial Strategy published its National Security and Investment White Paper, which proposes a voluntary notification regime and a powerful “call-in” mechanism. The proposal...more
7/26/2018
/ CFIUS ,
Foreign Direct Investment ,
Merger Controls ,
National Security ,
Notification Requirements ,
Sanctions ,
Screening Procedures ,
Security Risk Assessments ,
Triggering Event ,
UK ,
UK Brexit
At 11:00 p.m. U.K. time on 29 March 2019 the United Kingdom is expected to leave the European Union (“BREXIT Day”). The below timeline sets out milestones in the lead up to BREXIT Day, and thereafter. Please note that there...more
• The Department for Business, Energy and Industrial Strategy published a Green Paper consulting on amendments to UK merger control and public interest intervention legislation to cover gaps in the current framework for...more
Earlier today, the High Court of Justice ruled that the U.K. government does not have the constitutional capacity to trigger the U.K.'s withdrawal from the European Union without further primary legislation being passed. This...more