government and has represented clients on a variety of landmark CFIUS
matters, including Nexen Inc.
Once initiated, a CFIUS
review is completed within thirty days.
has blocked bids for local firms by telecommunications makers Huawei Technologies Company and ZTE, on the basis of concerns that two companies have infringed the patent rights of U.
company 3Com in 2008, after political pressure from Congress led the company to withdraw its CFIUS
4) the power of CFIUS
to require the parties to submit to various
scrutiny may also apply to businesses that directly affect the U.
process governs "any merger, acquisition or takeover that is proposed .
rules, the panel can extend a routine 30-day review into a more rigorous 90-day investigation if it sees potential risks in a transaction.
They are going to have to go beyond what would satisfy CFIUS
The new CFIUS
law has strengthened our nation's foreign investment vetting process to prevent another Dubai Ports debacle," Representative Carolyn Maloney, the leading Democrat on the CFIUS
reform committee said when the Borse Dubai deal was announced.
is designed to review foreign investments in a manner that preserves our security without creating unnecessary and counterproductive barriers to participation in the US market.
Last year, both the House and Senate passed legislation to reform the CFIUS