Takeaways From CFIUS' Latest Win In Court

Law360, New York (November 12, 2013, 12:40 PM EST) -- On Oct. 9, 2013, the U.S. District Court for the District of Columbia handed the Committee on Foreign Investment in the United States a major victory against Chinese-owned Ralls Corporation. The court dismissed all outstanding claims of Ralls’ civil action against President Obama’s order, which prohibited Ralls’ acquisition of four wind farm project companies in Oregon. The president had issued the order based on CFIUS’ review of the acquisition. The Ralls case exemplifies the importance of notifying and engaging CFIUS voluntarily before closing a transaction that...
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