According to President Trump, “Tariff is the most beautiful word in the dictionary.” Throughout his presidential campaign, Trump promised to use tariffs as a central part of his foreign policy strategy. His America First Trade Policy memorandum also directs the administration to review various tariff- and tariff-adjacent levers the United States could use to further
German Ministry of Economics Considers the “German Gatekeeper Rule” To Be a “Valuable Supplement” to the DMA
According to the German Ministry of Economics, the “German Gatekeeper Rule”[1] has proven to be an effective means of ensuring fair competition on digital markets. In its Evaluation, published earlier this month,[2] the Ministry praised the Rule for improving market conditions in the technology sector and promoting innovation and competition since it came
Navigating the Evolving Global Antitrust Landscape
The following is part of our annual publication Selected Issues for Boards of Directors in 2026. Explore all topics or download the PDF.
Antitrust in 2025 was marked by policy developments and antitrust enforcement that, while remaining aggressive, became less overtly anti-business. The U.S. continued a number of cases from the Biden administration, but became
The DMA High Level Group Endorses Joint Paper on the Regulation of AI
On December 12, 2025, the Digital Markets Act (“DMA”) High-Level Group (“HLG”)[1] endorsed a joint paper on the regulatory interplay on AI-related issues.[2] This paper assesses how to best implement the different legal frameworks that govern AI systems. It underlines the importance of achieving a coherent and consistent implementation of these frameworks and
The French Authority Publishes Its 2025-2026 Roadmap and 2024 Report
EU Merger Guidelines Consultation – Our Views on Innovation and Other Dynamic Elements in Merger Control
As part of our response to the European Commission’s consultation on possible reforms to its merger control guidelines,[1] we provided our views on Topic C – Innovation And Other Dynamic Elements In Merger Control.
BIS plans to rescind Biden-era AI diffusion rule; imposes other controls on AI chips
On May 13, 2025, the Bureau of Industry and Security (BIS) announced its intent to rescind the Biden administration’s Framework for Artificial Intelligence Diffusion (AI Diffusion Rule) that is scheduled to go into effect on May 15. BIS will publish a Federal Register notice formalizing its decision. In the meantime, Under Secretary of Commerce for
Singapore targets businesses and individuals violating or circumventing other countries’ export controls on advanced semiconductor and AI technologies
On 4 April 2025, Singapore Customs and the Ministry of Trade and Industry issued a joint advisory on Singapore’s export controls relating to advanced semiconductor and artificial intelligence (AI) technologies (the Advisory).
The Advisory emphasised that businesses operating in Singapore must act transparently and fully comply with applicable laws and regulations on export controls. Such
2024 Antitrust Update: Navigating the Evolving Landscape
The following is part of our annual publication Selected Issues for Boards of Directors in 2025. Explore all topics or download the PDF.
Antitrust in 2024 was marked by evolving policy developments, vigorous enforcement, and eye-catching court decisions. In the U.S., an aggressive enforcement approach lead to unpredictability and lengthy merger review process across sectors. In
U.S. tightens controls on advanced computing chips and global AI diffusion
On January 13, the Bureau of Industry and Security (BIS) released an interim final rule to revise U.S. export controls on advanced computing integrated circuits (ICs) and add a new control on artificial intelligence (AI) model weights for certain advanced, closed-weight, dual-use AI models. According to news reports, Biden administration officials have indicated that they