In an article for WSJ Risk & Compliance Journal, White & Case partner Laura Black discussed the processes and priorities of the Committee on Foreign Investment in the United States (CFIUS) in the context of an order requiring a subsidiary of Suirui Group to divest Jupiter Systems, which it acquired in 2020.
Laura explained that "CFIUS has a team dedicated to identifying transactions that haven’t been filed with it and could raise national security concerns."
"Where parties have not filed a transaction that is under CFIUS's jurisdiction, CFIUS can call in the transaction in perpetuity," Laura added. "This divestment order shows that CFIUS continues to assertively identify and call in transactions that the parties have not filed with the committee where it sees a national security risk."
Read the full article here (paywalled).
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