Tag: EU

Regulatory Watch News

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  Statement on the President’s Decision Prohibiting the Acquisition by Suirui Group Co., Ltd. of Jupiter Systems, LLC

  US Department of the Treasury

  July 13, 2025

  WASHINGTON — Today, President Trump published an order prohibiting the acquisition by Suirui International Co., Limited, a Hong Kong company that is majority owned by Suirui Group Co., Ltd. (Suirui), a company organized under the laws of the People’s Republic of China, of Jupiter Systems, LLC (Jupiter), a Delaware company (subsequently converted into Jupiter Systems, Inc., a Delaware corporation). The Committee on Foreign Investment in the United States (CFIUS or the Committee) reviewed and investigated this transaction pursuant to Section 721 of the Defense Production Act of 1950, as amended (Section 721).  CFIUS identified a national security risk arising from Suirui’s ownership of Jupiter relating to the potential compromise of Jupiter’s products used in military and critical infrastructure environments.  To address this risk, the President’s order directs Suirui to divest all interests and rights in Jupiter and requires that Jupiter hold no interest or rights in any assets or operations of its Chinese subsidiaries acquired or created after the completion of the transaction.

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  Retail cyber attacks: NCA arrest four for attacks on M&S, Co-op and Harrods

  National Crime Agency

  July 11, 2025

  Four people have been arrested in the UK as part of a National Crime Agency investigation into cyber attacks targeting M&S, Co-op and Harrods. Two males aged 19, another aged 17, and a 20-year-old female were apprehended in the West Midlands and London this morning (10 July) on suspicion of Computer Misuse Act offences, blackmail, money laundering and participating in the activities of an organised crime group. All four were arrested at their home addresses and had their electronic devices seized for digital forensic analysis.

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  Croatia: Two individuals and nursery school indicted for subsidy fraud and document forgery

  European Public Prosecutor's Office

  July 11, 2025

  (Luxembourg, 11 July 2025) The European Public Prosecutor’s Office (EPPO) in Zagreb (Croatia) has filed an indictment against the owner of a nursery school, the school pedagogue and the nursery school itself for subsidy fraud and document forgery, involving EU social funds. As previously reported, the owner of the school did not use the funds that were allocated to the school within the project “Further improvement of services for children in the system of early preschool upbringing and education” for the approved purpose. Instead of using the funds to, for example, extend the nursery’s opening hours, train teachers or hire additional personnel, the defendants allegedly used them to cover regular running costs, while the owner allegedly also spent it for personal purposes.