US Treasury Dept. Enacts Final Rules on Foreign Investment
Final regulations from the U.S. Treasury Department governing national security reviews by the Committee on Foreign Investment in the United States were issued Monday, affecting many industries engaged in cross-border dealmaking.
January 14, 2020 at 06:16 PM
7 minute read
The original version of this story was published on Corporate Counsel
Long-awaited final rules from the U.S. Treasury Department governing national security reviews of foreign investment in U.S. companies were issued Monday, affecting many industries involved in cross-border dealmaking.
"General counsel and in-house counsel at companies involved in technology, infrastructure and data, which capture a broad spectrum of the economy, should be aware of these changes, particularly the expanded jurisdiction of CFIUS and mandatory reporting requirements," said Christian Davis, an international trade partner at Akin, Gump, Strauss, Hauer & Feld in Washington, D.C. He was referring to the Committee on Foreign Investment in the U.S., the interagency panel chaired by the Treasury Secretary.
But the Treasury Department generally excluded from the new regulations most deals from Australia, Canada, and the United Kingdom, unless there is a concern about foreign control of the acquiring companies.
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