CFIUS Clearance: Learning Technologies Group and GP Strategies Corporation

Status:  Clearance

Acquirer:  Learning Technologies Group (United Kingdom)

Acquired:  GP Strategies Corporation (U.S.)

Value:  $394 million

Industry Tags:  Professional Services; Engineering & Construction Continue Reading

Upcoming/New CFIUS Filing: Singapore Technologies Engineering and TransCore business of Roper Technologies

Status:  Upcoming/New Filing

Acquirer:  Singapore Technologies Engineering Ltd. (Singapore)

Acquired:  TransCore business of Roper Technologies, Inc. (U.S.)

Value:  $2.68 billion

Industry Tags:  Technology Services; Transportation Continue Reading

How to Stop the PTAB from Deferring to the ITC for Patent Validity Decisions

Following up on a previous blog post explaining why the Patent Trial and Appeal Board (PTAB) is denying institution of inter partes review (IPR) and post-grant review (PGR) proceedings based on a co-pending ITC Section 337 investigation, our colleagues Adam Hess and David Prueter provide some tips for how respondents in ITC Section 337 investigations can avoid the PTAB’s discretionary denials of petitions for IPR and PGR.

Continue reading here.

CFIUS Filing Withdrawn and Refiled: Wise Road Capital and Magnachip Semiconductor Corporation

Status:  Withdrawn and Refiled

Acquirer:  Wise Road Capital LTD (China)

Acquired:  Magnachip Semiconductor Corporation (US)

Value:  US$1.4 billion

Industry:  Semiconductors Continue Reading

PTAB Defers to ITC for Patent Validity Decisions

Macro photo of tooth wheel mechanism with PATENT PENDING concept letters

August 9, 2012, in a decision regarding a petition filed by Kiss Nail Products, the Patent Trial and Appeal Board (PTAB) denied institution of post-grant review (PGR) of a Lashify, Inc. patent directed to artificial eyelash extensions in view of a co-pending ITC Section 337 investigation. Why is this significant? Continue reading here a blog post by our colleague Adam Hess.

CFIUS Update: CITIC Capital Acquisition Corp. and Quanergy Systems, Inc.

Status:  Not a Covered Transaction

Digital CarAcquirer:  CITIC Capital Acquisition Corp. (Cayman Islands)

Acquired:  Quanergy Systems, Inc. (US)

Value:  US$1.4 billion

Industry:  Autonomous Vehicles; Artificial Intelligence; Internet of Things Continue Reading

CFIUS Clearance: Toyota Motor Corporation and CARMERA, Inc.

Status:  Clearance

autonomous drivingAcquirer:  Toyota Motor Corporation (Japan)

Acquired:  CARMERA, Inc. (U.S.)

Value:  Undisclosed

Industry:  Autonomous Vehicles Continue Reading

CFIUS Investigation: Sina Corporation and TuSimple Holdings Inc.

Status:  Investigation

Digital CarAcquirer:  Sina Corporation (China)

Acquired:   TuSimple Holdings Inc. (US)

Value:  Unknown

Industry:  Autonomous Vehicles Continue Reading

New Supply Chains Challenge – Uyghur Forced Labor Prevention Act

On July 14, 2021, the Uyghur Forced Labor Prevention Act (UFLPA) was passed unanimously by the US Senate. It now moves to the House, where it is expected to pass easily – a previous version of the bill passed 406-3 in September 2020. The UFLPA reverses the previously applied burden of proof, creating a presumption that goods produced in Xinjiang involve forced labor. Therefore, if enforced, all goods produced in the region is expected to be banned, unless Customs and Border Protection (CBP) can firmly establish that the goods were not made using forced labor. Continue Reading

CFIUS Clearance: OMERS Infrastructure Management, FS Saguaro and First Solar

Status:  Clearance

Acquirer:  OMERS Infrastructure Management Inc. (Canada)

Acquired:  FS Saguaro, LLC, certain assets, and the Development Business of First Solar, Inc. (US)

Value:  US$261 million

Industry:  Energy Continue Reading