Karalyn Mildorf

Partner, Washington, DC

Biography

Overview

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. 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.

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, and for the past two years has been shortlisted as a Corporate Rising Star by the Euromoney Americas Women in Business Law Awards.

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 also represents clients in national security reviews before Team Telecom.

Bars and Courts
Virginia State Bar
District of Columbia Bar
Education
JD
University of Virginia School of Law
BA
College of William & Mary
Languages
English

Experience

Speaking Engagements

"Key CFIUS Developments: Lessons From Recent CFIUS Decisions and Impact of the CFIUS Overhaul,"July 17, 2019: Strafford Publications Inc., speaker

"Committee on Foreign Investments in the United States: Energy Practice," March 28, 2019: Tulane Energy Law Conference: The Changing Landscape for Cross-Border Energy Transactions, New Orleans, Louisiana, panelist

"FOCI and CFIUS Issues in Government Contracts M&A," June 6, 2018: ABA Section of Public Contract Law, speaker

"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

Publications

How FIRRMA Changed National Security Reviews In 2018, Law360, December 17, 2018

CFIUS Reform Becomes Law: What FIRRMA Means for Industry, The M&A Journal, November 2018

CFIUS: FIRRMA Pilot Program Mandates Notification for Certain Critical Technology Transactions, The M&A Journal, November 2018

February 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

Awards and Recognition

Chambers Global, 2017 – 2019

Chambers USA, 2014 – 2019

Rising Star: International Trade, Law360 2017

Shortlisted as Rising Star: Corporate, Euromoney Americas Women in Business Law Awards 2017 & 2018