Christopher Swift Weighs in on First CFIUS Test Under New Administration
Foley & Lardner LLP partner Christopher Swift assessed how the Committee on Foreign Investment in the United States (CFIUS) may approach its review of a proposed acquisition of a data storage company in The Capitol Forum article, “Lenovo/Infinidat: Bid for Data Storage Firm Provides Test for CFIUS Under New Administration.”
“The incoming Trump administration has adopted a tougher rhetorical line on China generally, but the jury is still out when it comes to policy implementation,” explained Swift, noting that questions remain on whether the new administration will translate rhetoric into policy or “will revert to a more business-friendly posture.”
Swift highlighted the context of this CFIUS review as well. “Recent news reports regarding the Chinese government’s efforts to hack into the U.S. Treasury Department may also shape CFIUS’s thinking in the new administration,” he added. “Reports like these can shape how agencies perceive risk.”
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