Paul Devamithran

Wiley Rein LLP

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House Select Committee on the CCP Releases Report Proposing Changes to CFIUS

On December 12, 2023, the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (the “Committee”), led by Chairman Mike Gallagher (WI), issued a wide-ranging report with...more

12/18/2023 / Agricultural Land , CFIUS , China , Critical Infrastructure Sectors , Executive Orders , Foreign Adversaries , Foreign Investment , Human Rights , Secretary of Agriculture , Technology

Treasury, Commerce Issue Reports to Congress Outlining Proposed Outbound Investment Initiative

In accordance with the Consolidated Appropriations Act, 2023 (Public Law 117-328), the U.S. Treasury and Commerce Departments recently issued reports to Congress outlining the contours of a proposed outbound investment review...more

3/16/2023 / Biden Administration , CFIUS , Consolidated Appropriations Act (CAA) , Executive Orders , Foreign Investment , National Security , U.S. Commerce Department , U.S. Treasury

CFIUS Issues Interim Order Blocking Wise Road’s Acquisition of Magnachip

On June 15, 2021, the Committee on Foreign Investment in the United States (CFIUS) issued an interim order preventing the Chinese private equity firm Wise Road Capital LTD (Wise Road) from acquiring Magnachip Semiconductor...more

6/18/2021 / Acquisitions , CFIUS , Foreign Acquisitions , Foreign Investment , National Security , Semiconductors

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