Archives: CFIUS

Committee on Foreign Investment in the U.S.

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CFIUS Pilot Program: New Mandatory Filings for Non-passive Foreign Investments

By Trade Practitioner on Posted in CFIUS, CFIUS Development, US Regulation
On October 10, 2018, the Committee on Foreign Investment in the United States (CFIUS) issued an interim rule, set to take effect on November 10, 2018, creating a “Pilot Program” that will require certain non-passive foreign investments to file an abbreviated “Declaration” filing with CFIUS. The rule is currently open for comments until November 10.… Continue Reading

CFIUS Reform: Understanding FIRRMA

By Trade Practitioner on Posted in CFIUS, CFIUS Development
On August 14, 2018, legislation reforming the Committee on Foreign Investment in the United States (CFIUS), the Foreign Investment Risk Review Modernization Act (FIRRMA), and dual-use export controls, the Export Controls Reform Act (ECRA), were signed into law as part of the John S. McCain National Defense Authorization Act for Fiscal Year 2019 (NDAA) (H.R. … Continue Reading

Upcoming/New CFIUS Filing: China Grand Pharmaceutical and Healthcare Holdings Limited/CDH Genetech, Ltd. and Sirtex Medical Limited

By Trade Practitioner on Posted in Biotechnology, CFIUS, CFIUS Filing, China, Healthcare, Medical Devices, Upcoming/New Filing
Status:  Upcoming/New Filing   Acquirer:  China Grand Pharmaceutical and Healthcare Holdings Limited (Bermuda; Hong Kong SAR, China; China); CDH Genetech, Ltd. (Cayman Islands; China) Acquired:  Sirtex  Medical Limited (Australia) Value:  Approximately A$1.9 billion (US$1.4 billion) Industry(ies):  Healthcare; Biotechnology; Medical Devices… Continue Reading

CFIUS Reform: House and Senate Committees Unanimously Clear Bills That Would Greatly Expand CFIUS Authority

By Trade Practitioner on Posted in CFIUS, CFIUS Development, China, US
On May 22, shortly before the US Memorial Day holiday weekend, the US House and Senate committees with jurisdictions over foreign investments in the US unanimously passed their respective legislations that would greatly expand the authority bestowed on the Committee on Foreign Investment in the United States (CFIUS). The bipartisan, bicameral effort introduced the Foreign … Continue Reading
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