Tag Archives: aviation

Likely Clearance of CFIUS Filing: Perusa Partners Fund 2/SSP MEP Beteiligungs GmbH & Co. KG and Schroth Businesses from TransDigm Group

Status:  Likely Clearance   Acquirer:  Perusa Partners Fund 2, L.P. (Guernsey); SSP MEP Beteiligungs GmbH & Co. KG (Germany) Acquired:  Schroth businesses from TransDigm Group Inc. (US) Value:  Approximately US$90 million Industry:  Aerospace… Continue Reading

European Commission Considers a CFIUS-like Framework for Screening Foreign Investments

On September 13, 2017, the European Commission published the draft of the EU regulation establishing a common European framework for the review of incoming foreign direct investment (FDI), akin to the process in the US administered by Committee on Foreign Investment in the US (CFIUS).… Continue Reading

CFIUS Filing Clearance: Bohai Financial Investment Holding Co. and C.I.T. Leasing Corporation; C2 Aviation Capital, Inc.

Status:  Clearance   Acquirer:  Bohai Financial Investment Holding Co., Ltd. (China) Acquired:  C.I.T. Leasing Corporation (U.S.); C2 Aviation Capital, Inc. (U.S.) Value:  US$10.4 Billion Industry:  Aerospace   UPDATE:  On April 4, 2017, CIT Group Inc. “announced that it completed the sale of its commercial aircraft leasing business to Avolon Holdings Limited (Avolon), the international aircraft leasing … Continue Reading

Obama Administration Lifts Sanctions on Sudan

On Tuesday, January 17, 2017, the Treasury Department’s Office of Foreign Assets Control (OFAC) will publish in the Federal Register a far-reaching amendment to its Sudanese Sanctions Regulations (SSR), 31 CFR Part 538. While styled as a “general license,” the amendment will have the practical effect of terminating the embargo of Sudan that the US … Continue Reading

EU Introduces New Sanctions Against North Korea Following Those That Were Announced by the UN Security Council Last Month

The restrictive measures include a ban on the import of coal, iron and iron ore from North Korea, a blanket restriction on opening new branches, subsidiaries or representative offices of North Korean banks, and an obligation for Member States to expel North Korean diplomats engaged in certain activities. Council Decision 2016/476 amends Decision 2013/183/CFSP. On a related note, China … Continue Reading

Iran Agreement

On Tuesday, 14 July 2015, the E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran agreed to a Joint Comprehensive Plan of Action (JCPOA). Under the JCPOA, Iran agreed to … Continue Reading
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