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Introducing FIRE and Baker McKenzie’s Foreign Investment and National Security Blog

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With global foreign investment scrutiny on the rise, not least in the current COVID-19 environment, staying fully informed and ahead of the curve has never been more important. For the latest developments and updates, please visit our new Foreign Investment and National Security blog (see here). This blog will keep users up-to-date in respect of global foreign investment review and national security trends and issues, informing you about the legal and business risks impacting your next transaction. FIRE…

US – Treasury issues proposed regulations implementing FIRRMA

By 12 Mins Read

On September 17, 2019, the Department of Treasury (Treasury) released for public comment two proposed rules (the “Proposed Rules”) implementing the Foreign Investment Risk Review Modernization Act (FIRRMA) enacted in August 2018. FIRRMA expanded the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS) and granted CFIUS new tools to regulate foreign investments raising national security concerns. Our previous analysis of FIRRMA is available here, and our analysis of the “critical technologies” pilot…