From Serial A Financing to Prohibited Transaction: First CFIUS Divestment Order Against Closed Deal by Chinese Investor
On March 6, 2020, US imposed a divestment order against a closed deal by Chinese investor, under national security review steered by CFIUS (Committee on Foreign Investment in United States), and enforceable by the Department of Justice. Set forth below briefs significant enforcement development, which is natural progression from the enforcement initiatives under the “whole-of-government” […]
Effective Compliance Program Crucial In Light of Whole-of-Government Approach in US Export/Investment Control and FCPA Enforcement
Despite the fruitful US-China trade agreement, we alert resilient head-winds decoupling US with China, from cutting off access to federal procurement (see previous alert), to stemming outflow of military/intelligence-sensitive technologies. This alert highlights the urgency to tailor compliance programs to monitor and comply with US-driven trade, national security, and FCPA (Foreign Corrupt Practice Act) enforcements […]