Brennan, Manna & Diamond
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Everything you need to know about BMD and the industry.
Client Alert
Mandatory Filings Under CFIUS New Rules
December 11, 2020
On September 15, 2020, the Committee on Foreign Investment in the United States (“CFIUS”) promulgated a final rule modifying its mandatory declaration requirements for certain foreign investment transactions involving “TID US businesses” (sensitive U.S. businesses dealing in critical technologies, critical infrastructure and sensitive personal data) dealing in “critical technologies” – i.e., U.S. businesses that produce, design, test, manufacture, fabricate, or develop one or more critical technologies. The new rule also makes amendments to the definition of the term “substantial interest” (used to determine whether a foreign government has a substantial interest in an entity). The final rule became effective on October 15, 2020.
Posted by
Robert Q. Lee
Client Alert
International Sales Contracts - COVID-19 Pandemic and Force Majeure
December 11, 2020
Posted by
Robert Q. Lee