Firms Vie For CFIUS Attys As 'Black Box' Panel Extends Reach

By Justin Wise (July 23, 2021, 4:09 PM EDT) -- An interagency government committee that conducts national security reviews of foreign investments has played an increasingly active role in recent years, fueling a battle among top Washington, D.C., practices for attorneys versed in working with the panel, which has a reputation for operating in a "black box."

The efforts are largely tied to a surge in demand from businesses that could face scrutiny under the greatly expanded authorities the Committee on Foreign Investment in the U.S. gained following passage in 2018 of the Foreign Investment Risk Review Modernization Act, a group of attorneys and legal recruiters told Law360 Pulse.

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