Media Mention

Nova Daly Comments on CFIUS Report on Foreign Acquisitions

Financial Times
December 21, 2012

Nova J. Daly, a public policy consultant in Wiley Rein’s International Trade Practice, commented in a Financial Times article about an annual report by the Committee on Foreign Investment in the U.S. (CFIUS) which found that foreign governments or companies are strategizing to acquire critical U.S. technologies through acquisitions.

In the unclassified report by CFIUS, the intelligence community warns that there is likely a coordinated strategy among one or more foreign governments or companies to acquire U.S. companies involved in the research, development, or production of critical technologies.  The report comes amid a tumultuous year for the Obama Administration in dealing with foreign acquisitions.  In October, the president blocked a proposed purchase by a Chinese company in a move not seen in more than two decades. 

Drawing on his experience as the former Treasury Deputy Assistant Secretary that ran CFIUS, Mr. Daly said the CFIUS report finding was “fairly significant.” He added that the finding could lead to additional conditions on takeovers either by instituting security-related conditions on deals or by outright blocking transactions.

Read Time: 1 min

Related Professionals

Contact

Sarah Richmond
Director of Communications
202.719.4423
srichmond@wiley.law 

Jump to top of page

Wiley Rein LLP Cookie Preference Center

Your Privacy

When you visit our website, we use cookies on your browser to collect information. The information collected might relate to you, your preferences, or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. For more information about how we use Cookies, please see our Privacy Policy.

Strictly Necessary Cookies

Always Active

Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions.

Functional Cookies

Always Active

Some functions of the site require remembering user choices, for example your cookie preference, or keyword search highlighting. These do not store any personal information.

Form Submissions

Always Active

When submitting your data, for example on a contact form or event registration, a cookie might be used to monitor the state of your submission across pages.

Performance Cookies

Performance cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.

Powered by Firmseek