Chinese Investment and US National Security Reviews

The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee that conducts national security reviews of in-bound foreign investments.  Deals not approved by CFIUS can face significant risks, including the risk that the deal may be blocked before closing or even the risk of a forced post-closing divestment.  For many transactions, CFIUS has become a challenging regulatory issue.  Though the Committee ultimately approves most investments that it reviews, in the last year several deals have foundered or had to accept significant conditions to obtain CFIUS approval.  As the recent growth of Chinese direct investment in the United States is projected to accelerate, CFIUS looms large.  But each CFIUS review – even the fact that a review is being conducted – is strictly confidential unless the transacting parties choose to disclose the information, so CFIUS obstacles often are not widely known.  This One-Hour Briefing, by experienced CFIUS hands and foreign investment experts, will shed light on global investment trends and related CFIUS risks.

Please join Stephen R. Heifetz of Steptoe & Johnson LLP, Anne W. Salladin from the U.S. Department of the Treasury, and Thilo Hanemann of Rhodium Group as they examine:

• Chinese investment in the U.S.
• CFIUS mechanics
• Regulatory risks and navigation of the CFIUS review process