Tag Archives: CFIUS

Proposed Texas Law will Increase CFIUS Risks over Non-Notified Investments in that State

By Trade Practitioner on Posted in Foreign Investment Reviews
On April 25, 2023, the Texas State Senate Committee on State Affairs unanimously passed Senate Bill No. 2142 that would allow Texas to report any non-notified foreign investments of “concern” to the Committee on Foreign Investment in the United States “CFIUS.”  The pending bill will authorize the Texas Attorney General (“TAG”) to establish a process … Continue Reading

CFIUS Expands Reach of its Covered Real Estate Authority with the Addition of Eight New “Military Installations”

By Trade Practitioner on Posted in Foreign Investment Reviews
On May 5, 2023, the U.S. Department of Treasury, the agency tasked with administering the Committee on Foreign Investment in the United States (CFIUS), published a Proposed Rule (88 Fed. Reg. 29003) expanding the list of “military installations” that could trigger CFIUS authority over certain real estate transactions in 31 C.F.R. Part 802 (“Part 802”).  … Continue Reading

Clearance CFIUS Filing: Foxconn Ventures Pte. Ltd. (Singapore); Hon Hai Technology Group (Taiwan) and Lordstown Motors Corp. (United States)

By Trade Practitioner on Posted in CFIUS Case Summaries
Status: Clearance Acquirer: Foxconn Ventures Pte. Ltd. (Singapore); Hon Hai Technology Group (Taiwan) Acquired: Lordstown Motors Corp. (United States) Value:  $52.7 Million (Initial Closing) and approximately $47.3 Million (Second Closing) Industry Tags: Electric Vehicles… Continue Reading

CFIUS Clearance: Sino Biopharmaceutical Limited and F-Star Therapeutics, Inc.

By Trade Practitioner on Posted in CFIUS Case Summaries, Clearance, Interim Order, Mitigation, Withdrawn and Refiled
Status Tags:        Clearance; Mitigation; Withdraw and Refiled (2d Time); Interim Order; Withdrawn and Refiled Acquirer:            Sino Biopharmaceutical Limited (Hong Kong SAR, China) Acquired:           F-Star Therapeutics, Inc. (United Kingdom; U.S.) Value:                 $161 million   Industry Tags:    Pharmaceutical; Biotechnology; Healthcare… Continue Reading

CFIUS Determination Regarding “Excepted Foreign State”

By Trade Practitioner on Posted in Foreign Investment Reviews
On February 13, 2022, the Office of Investment Security of the U.S. Department of Treasury, which administers the Committee on Foreign Investment in the United States (CFIUS), published a final determination finding that (1) the United Kingdom of Great Britain and Northern Irelands and (2) New Zealand have the met the criteria for remaining an … Continue Reading

CFIUS Update: CITIC Capital Acquisition Corp. and Quanergy Systems, Inc.

By Trade Practitioner on Posted in Artificial Intelligence, Autonomous Driving, CFIUS Case Summaries, Foreign Investment Reviews, Internet of Things, Not a Covered Transaction
Status: Mitigation; Clearance Acquirer:  CITIC Capital Acquisition Corp. (Cayman Islands) Acquired:  Quanergy Systems, Inc. (US) Value:  US$1.4 billion Industry:  Autonomous Vehicles; Artificial Intelligence; Internet of Things… Continue Reading

CFIUS Clearance: Samsung C&T Corporation and NuScale Power Corporation

By Trade Practitioner on Posted in CFIUS Case Summaries, Clearance
Status:                  Clearance Acquirer:              Doosan Heavy Industries and Construction Company, Ltd. (South Korea); Next Tech 3 New Technology Investment (South Korea); and Samsung C&T Corporation (South Korea) Acquired:             NuScale Power, LLC (U.S.) Value:                   $80 million Industry Tags:    Energy; Nuclear… Continue Reading
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