Media Mention

Nova Daly Comments on Coordinated Strategy to Acquire Critical U.S. Technology

Inside US-China Trade
January 9, 2013

Nova J. Daly, a public policy consultant in Wiley Rein’s International Trade Practice, was quoted by Inside US-China Trade in a January 8 article about efforts by foreign entities to acquire U.S. companies involved with critical technologies.

A recent report from the U.S. Committee on Foreign Investment in the United States (CFIUS) found, for the first time, that foreign governments or companies are likely engaged in a coordinated strategy to acquire critical U.S. technology research, development and/or production expertise.

The public version of the report does not identify which governments or companies may be involved in the effort. CFIUS, comprised of the heads of multiple federal agencies and chaired by the secretary of the U.S. Treasury Department, reviews foreign acquisitions of U.S. companies that raise national security issues.

Mr. Daly—a former Treasury Deputy Assistant Secretary for CFIUS—said future transactions involving entities found to be engaged in the strategy to acquire critical U.S. technologies will probably face increased scrutiny and mitigation, if not be outright blocked, as a result of the report’s finding.

But the finding may be “less nefarious” than it seems, given that companies might simply be seeking to benefit commercially from such technologies, Mr. Daly told Inside US-China Trade.

Read Time: 1 min

Related Professionals

Contact

Maria Woehr Aronson
Director of Communications
202.719.3132
maronson@wiley.law 

Molly Peterson
Senior Communications Manager
202.719.3109
mmpeterson@wiley.law

Jump to top of page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical 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.