Welcome to the February edition of the Political Law Playbook. This month’s federal coverage features two new Federal Election Commission (“FEC”) nominees who, if confirmed, would establish a quorum within the agency for the first time since April 2025.

Ukraine: War risk insurance (WRI) in Ukraine notably shifted in 2025 and early 2026. What began as a mosaic of pilot initiatives is steadily becoming a broader, more structured marketplace—driven by state mechanisms, public-private partnerships, international guarantees and emerging private market participation.

Global law firm Dentons has advised a group of promissory note holders of BMZ Holding GmbH in the battery manufacturer's self-administration proceedings. Dentons represented the creditor group in connection with the assertion of their rights to separate satisfaction in the context of the sale of the essential operating subsidiaries of BMZ Holding to SKion. Following approval by the antitrust authorities, the transaction was completed on February 25, 2026. This clears the way for the company to make a fresh start under new ownership and management.

New Zealand: The Employment Relations Amendment Act 2026 (Act) received Royal Assent on 20 February 2026, and came into force the following day.

Dentons has advised Citibank N.A., Emirates NBD Bank PJSC (ENBD) and Abu Dhabi Commercial Bank PJSC (ADCB) on a €300 million Islamic financing made available to Hayat Kimya Sanayi A.Ş, a global manufacturing company headquartered in Istanbul, Turkey.