Proposed Rules Will Expand CFIUS Scrutiny, Control
May 20, 2008, 12:00 AM EDT
Law360, New York (May 20, 2008, 12:00 AM EDT) -- On April 23, 2008, the U.S. Department of the Treasury published its long-awaited proposed rules implementing the 2007 amendments to the U.S. laws restricting foreign investments that may threaten U.S. national security. The proposed rules signal that foreign investments will be subject to a more expansive and intensive examination in the months and years ahead.
Although not yet in final form, and therefore not officially in effect, in many respects the proposed rules are already in force. They reflect practices that have been adopted in recent...