CFIUS Filing: Zhejiang Youchuang Venture Capital Investment, Shaoxing City Keqiao District Paradise Silicon Intelligent Robot Industrial Investment Partnership, and EKSO Bionics Holdings

Status: CFIUS Requested Review; Terminated; Mitigation

Medical concept of futuristic health care technology and augmented reality. A female doctor hand is touching a virtual control panel. Communicate about innovative use of future health care technologyAcquirer:  Zhejiang Youchuang Venture Capital Investment Co., Ltd. (China); Shaoxing City Keqiao District Paradise Silicon Intelligent Robot Industrial Investment Partnership (China)

Acquired:  EKSO Bionics Holdings, Inc. (U.S.)

Value:  US$5 million

Industry:  Medical Devices & Equipment; Healthcare; Exoskeleton Technology Continue Reading

CFIUS Clearance: Macquarie Group and Waddell & Reed Financial

Status:  Clearance

fintech icon on abstract financial technology background .Acquirer:  Macquarie Group Limited (Australia)

Acquired:  Waddell & Reed Financial, Inc. (US)

Value:  US$1.7 billion

Industry: Financial Services Continue Reading

Made in Italy – International Opportunities and Challenges

Italian flagThere is a rising tide of positivism around the Made in Italy tag. Assisted by the appointment of the Draghi government, the prospect (at least, from the perspective of many foreign investors) of a period of political stability, anticipation of a rise of consumer spending pent-up during the global lockdown, the economic boost to the local economy that should be given by the €200+ billion earmarked for Italy under the European recovery funds, and a renewed interest in all things Italian championed by the America’s Cup adventure of Luna Rossa. In addition, the trade policy of the Biden Administration is expected to facilitate increased conflict-free trade between the US and the EU. Continue Reading

UPDATE: The Latest on EU Export Controls of Dual Use Goods – Regulation Published

European Union flags in front of the blurred European Parliament in Brussels, BelgiumThe new EU regulation on export control of dual use goods has been published in the EU official journal. It means that the upgraded controls over exports of dual use items will enter into force on September 9, 2021. Continue reading below our previous analysis of the details of this new regulation and all changes introduce to the current EU export control regime. Continue Reading

Upcoming/New CFIUS Filing: SC Health Corp., SIN Capital Group and Rockley Photonics

Status:  Upcoming/New Filing

Electronic e-healthcareAcquirer:  SC Health Corp. (Cayman Islands); SIN Capital Group Pte. Ltd. (Singapore)

Acquired:  Rockley Photonics, Ltd. (United Kingdom)

Value:  US$1.2 billion

Industry:  Medical Devices; Healthcare; Consumer Electronics; Integrated Circuits Continue Reading

CFIUS Clearance: AVEVA Group and OSIsoft, LLC

Status:  Clearance

DataAcquirer:  AVEVA Group plc (UK)

Acquired:  OSIsoft, LLC (US)

Value:  US$5 billion

Industry:  Software; Technology Services Continue Reading

You Now Can Get Served via Contact Info on Your Profile Page? ITC Says Yes

Hands typing on laptop computerIn a recent blog post, our colleague Adam Hess explains that the U.S. International Trade Commission (ITC) has expanded the methods through which service of a Section 337 complaint can be effected to include service via a Respondent’s seller profile page contact links.  Continue Reading

Biden New EO on Chinese Military Companies Creates New Substantive Test for Listing

USA and China flag, conflict concept

On June 3, 2021, US President Joseph Biden issued Executive Order 14032, “Addressing the Threat From Securities Investments that Finance Certain Companies of the People’s Republic of China” (EO 14032), substantially amending the prohibitions originally contained in Executive Order 13959 (EO 13959), issued by President Trump on November 12, 2020 (amended January 13, 2021). Continue Reading