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Karalyn Mildorf is a partner in the National Security and CFIUS (Committee on Foreign Investment in the United States) practice of White & Case, focusing her practice in the areas of Exon-Florio reviews before the Committee on Foreign Investment in the United States and foreign ownership, control or influence (FOCI) mitigation matters. Chambers USA has consistently recognized Karalyn as a leading CFIUS expert, noting in 2018 that "The 'very dedicated and hard-working' Karalyn Mildorf is 'always responsive and understands client needs.'" Comments in Chambers USA 2017 include that "She has a strong track record in national security work, including CFIUS filings and FOCI compliance, and has a particular niche in Exon-Florio reviews." In 2017, Karalyn was named one of only four "International Trade Rising Stars" under 40 by Law360.
She has advised clients on CFIUS issues in hundreds of transactions covering a wide variety of industries and investor countries, and has extensive experience with national security requirements in connection with complex transactions. Karalyn advises clients on all matters pertaining to CFIUS reviews, including conducting detailed due diligence and assessing potential national security issues in connection with transactions, developing and implementing CFIUS strategies, negotiating CFIUS-related deal terms, representing clients in all stages of the CFIUS filing and review process, engaging with relevant government officials, and negotiating and advising regarding implementation of and compliance with CFIUS mitigation arrangements.
Karalyn also has extensive experience representing clients in a myriad of FOCI mitigation matters. She has negotiated, prepared, and advised regarding compliance with, and implementation of, numerous FOCI mitigation arrangements, including Special Security Agreements, Proxy Agreements, Security Control Agreements and FOCI Board Resolutions.
She has also represented clients in national security reviews before Team Telecom; conducted export compliance and industrial security due diligence for many transactions covering a range of business sectors; advised clients with respect to voluntary disclosures before the US Department of State, the US Department of Commerce and the Department of the Treasury's Office of Foreign Assets Control; and represented clients with respect to a variety of export control compliance matters.
"World Recognition of Distinguished General Counsel: Honoring Carolyn Herzog & The Law Department of Arm Holdings," November 2018: The Directors Roundtable, Santa Clara, California, Panelist
"FOCI and CFIUS Issues in Government Contracts M&A," June 6, 2018: ABA Section of Public Contract Law, speaker
"Navigating the CFIUS Landscape," April 16, 2018: The Association of Women in International Trade (WIIT) and the American Bar Association (ABA), moderator
"CFIUS Mitigation: Anticipating Requests, Structuring Agreements, Implementing Mitigation Measures," December 19, 2017: CLE webinar, speaker
"Mitigation Agreements – Managing Complex Mitigation Requests by CFIUS: Determining When and To What Extent You Can Negotiate, Address Investor Concerns and Reduce Transaction Delays," July 21, 2015: American Conference Institute's 2nd National Forum on CFIUS, speaker
"CFIUS Regulations and FINSA Compliance: Surviving Heightened Federal Scrutiny," May 7, 2014: Strafford Publications Inc., speaker
March 11-13, 2014: UK Home Office Security and Policing Event, speaker
"Acquisition of USA Defense & Security Companies: What You Need to Know," November 6, 2013: Aerospace Defense Security Group webinar, presenter
How FIRRMA Changed National Security Reviews In 2018, Law360, December 17, 2018
CFIUS: FIRRMA Pilot Program Covered Transaction Analysis Tool (whitecase.com/cfius-firrma-tool), White & Case, November 2018
FIRRMA: Proposed CFIUS Legislation Would Bring Significant Changes, The M&A Journal, February 2018
Report Highlights Continued Need for CFIUS Planning, Law360, March 2, 2015
Ralls Ruling Could Open Door to Other CFIUS Challenges, Law360, July 18, 2014
How Chinese Companies Can Successfully Invest in the United States, China Legal Review, June 30, 2014
CFIUS Considerations Arising in the Acquisition of Distressed Assets in the United States, China Legal Review, July 30, 2013
Chambers Global, 2017 – 2018
Chambers USA, 2014 – 2018