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President Trump issues “America First Investment Policy” proposing significant changes to inbound and outbound investment regimes

On February 21, 2025, President Trump issued a National Security Presidential Memorandum entitled the “America First Investment Policy” (“NSPM-3”) that outlines the Administration’s national security priorities with respect...more

OFAC takes the position that certain kinds of SDN participation in public conferences is not a prohibited service under U.S....

The U.S. Department of Treasury’s Office of Foreign Assets Control issued a formal guidance letter stating that certain kinds of Specially Designated Nationals could speak at a public conference to share their individual...more

U.S. Department of Commerce expands controls on advanced semiconductors and establishes new controls on closed AI model weights

The new interim final rule imposes new global licensing requirements for ECCNs 3A090.a, 4A090.a, and corresponding .z items; controls for closed AI model weights; updated data center validated end-user authorizations;...more

Doing Business in the United States 2025

The U.S. is one of the easiest jurisdictions in the world in which to do business1 and continues to be the world’s top destination for foreign direct investment.2 Regulatory barriers are generally low, establishing a branch...more

FDI Outlook 2025: Navigating National Security Reviews in a Transforming Global Landscape

As 2025 begins, the foreign direct investment (FDI) landscape continues to evolve at a rapid pace. Driven by geopolitical shifts, technological advancements, and changing regulatory priorities, businesses must navigate an...more

New DOJ rule limits cross-border data transfers to protect national security

The Department of Justice (DOJ) has issued a final rule limiting data transfers to China, Russia, and other designated “countries of concern.” The rule establishes a new national security program that bans specific types of...more

Foreign direct investment (FDI) global legal guide

In line with international and European developments, Ireland has introduced a new regime to provide for a process to allow for certain transactions that may present risks to the security or public order of the State to be...more

U.S. Treasury expands the scope of CFIUS investigative authority and updates civil monetary penalties

On November 26, 2024, the U.S. Department of the Treasury (“Treasury”) issued a new final rule (the “Final Rule”) expanding the Committee on Foreign Investment in the United States’ (“CFIUS”) authority in three key areas...more

Final rule expands CFIUS’s reach over real estate transactions

On November 1, 2024, the U.S. Department of the Treasury (“Treasury”), in its role as chair of the Committee on Foreign Investment in the United States (“CFIUS”), issued a final rule (the “Final Rule”) amending CFIUS’s...more

DOJ proposes regulations limiting certain data transfers to protect national security

The U.S. remains on course to restrict a broad range of cross border data transfers to China, Russia, and other designated countries. On October 21, 2024, the Department of Justice (DOJ) issued a Notice of Proposed Rulemaking...more

U.S. Treasury rule establishes outbound investment security program

On 28 October 2024, the U.S. Department of the Treasury (Treasury) issued the Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern (Final Rule) implementing...more

Fewer filings and greater attention to enforcement mark the CFIUS CY2023 report to Congress

The Committee on Foreign Investment in the United States has released its Annual Report to Congress, noting a marked reduction in filings in 2023 but also growing and refined mitigation measures and increased attention to...more

Proposed changes to real estate regulations would expand geographic reach of CFIUS jurisdiction

On July 8, 2024, the U.S. Department of the Treasury, in its role as the chair of the Committee on Foreign Investment in the United States, announced a notice of proposed rulemaking addressing amendments to CFIUS’s...more

U.S. Treasury Department issues Notice of Proposed Rulemaking on outbound investment

On June 21, 2024, the U.S. Department of the Treasury (Treasury) issued a Notice of Proposed Rulemaking (NPRM) for the U.S. outbound investment security program. The NPRM proposes draft regulations that prohibit certain, and...more

U.S. prohibits Chinese real estate purchase related to cryptocurrency mining facility near ICBM base

On 13 May 2024, President Biden issued an order forcing divestiture by MineOne Partners Limited and certain related entities of their ownership of real estate within one mile of F.E. Warren Air Force Base, home to an...more

CFIUS Proposes Rule to Strengthen Its Monitoring and Enforcement Authorities

On April 15, 2024, the U.S. Department of the Treasury (“Treasury”), in its capacity as the chair of the Committee on Foreign Investment in the United States (“CFIUS”), issued a proposed rule that seeks to materially enhance...more

White House issues executive order on access to US sensitive personal data by countries of concern

The Biden Administration has issued an executive order to curtail access by China, Russia, and other countries of concern to Americans’ sensitive personal data. The Department of Justice and other agencies are tasked to take...more

FDI - A global perspective

During the course of 2023, the screening of foreign direct investment (FDI) continued to be an item at the top of the agenda when planning and executing global M&A transactions, as well as greenfield cross-border investments....more

French government extends the scope of application of the French Foreign Direct Investment screening regime

France is currently strengthening its foreign direct investment (“FDI”) screenings regime. In addition to the new resources allocated to the Government unit in charge of the French FDI laws, the French government adopted, on...more

2023 Doing Business in the United States

The U.S. is one of the easiest jurisdictions in the world in which to do business and continues to be the world’s top destination for foreign direct investment. Regulatory barriers are generally low, establishing a branch...more

Proposed new U.S. outbound investment restrictions – what this could mean for APAC businesses and investors

The Biden Administration has issued its long-awaited outbound investment screening executive order, which imposes on United States (U.S.) persons notification requirements for certain transactions and outright prohibits U.S....more

Aerospace & Defense Insights I Biden Administration executive order on outbound investment screening

Through Aerospace & Defense Insights, we share with you the top legal and political issues affecting the aerospace and defense (A&D) industry. Our A&D industry team monitors the latest developments to help our clients stay in...more

Spotlight on the U.S.: Panelists discuss trade challenges and opportunities

Hogan Lovells is hosting a special webinar series for Life Sciences and Health Care companies based in, or with commercial interests in, the Asia-Pacific (APAC) region. The series shares topical insights, cost-effective...more

Land of opportunity – why Australian investors are being drawn to the United States

Billions of dollars worldwide are pouring into the transition to green energy, no more so than in the United States (U.S.) where new legislation is providing a powerful stimulus. For Australian investors, the opportunity to...more

Biden Administration issues long-awaited executive order on outbound investment screening

The Biden Administration has issued its long-awaited outbound investment screening executive order, which imposes on U.S. persons notification requirements for certain transactions and outright prohibits U.S. persons from...more

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