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TikTok Foreign Investment

Bradley Arant Boult Cummings LLP

The RESTRICT Act: A Potential New Enforcement Tool to Address Economic and National Security Concerns Posed by Foreign Information...

Concerns over the potential threat posed by information and communications technology (ICT) products and services, such as TikTok, to the United States’ economic and national security have been ruminating for some time now....more

Kohrman Jackson & Krantz LLP

Will the U.S. Ban TikTok? New Legislation That Could Impact Your Data Privacy

A new bill was introduced last week that would ban TikTok and other foreign technology. The bipartisan bill would provide the federal government with the authority to restrict or ban the Chinese-owned video app TikTok, along...more

Wiley Rein LLP

CFIUS Releases First-Ever Enforcement and Penalty Guidelines

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On October 20, 2022, the Department of the Treasury (Treasury), which chairs the Committee on Foreign Investment in the United States (CFIUS), released the first-ever CFIUS Enforcement and Penalty Guidelines (the Guidelines)....more

Vinson & Elkins LLP

TikTok and Oracle Ink Data-Storage Agreement in Apparent Effort to Avoid Further CFIUS Scrutiny

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On June 17, 2022, TikTok Inc. (“TikTok”) reportedly completed the migration of its U.S. users’ information to servers at Oracle Corporation (“Oracle”) in a move that bars access by Chinese parent company ByteDance. ...more

K2 Integrity

CFIUS: Questions for the Biden Administration

K2 Integrity on

The Committee on Foreign Investment in the United States (CFIUS) can be expected to maintain America’s traditional open investment posture consistent with the robust protection of U.S. national security interests....more

Pillsbury Winthrop Shaw Pittman LLP

China’s Ministry of Commerce Publishes “Unreliable Entity List” Provisions

On September 19, 2020 (September 18, 2020 U.S. EDT), China’s Ministry of Commerce (MOFCOM) published the Provisions on the Unreliable Entity List (UEL Provisions), which took effect on the same date. On May 31, 2019,...more

Sheppard Mullin Richter & Hampton LLP

UPDATE: National Security Meets Teenage Dance Battles: U.S. Increases Pressure on ByteDance Sale of TikTok

The Takeaway: Severe restrictions on ByteDance’s Sale of TikTok should be a warning to media and tech companies with foreign ownership, particularly Chinese investment, to know your risks and mitigate them before the...more

White & Case LLP

CFIUS Annual Report for 2019 Shows Key Trends; TikTok Faces CFIUS Review and, Together with WeChat, Other US Restrictions

White & Case LLP on

In late July, the Committee on Foreign Investment in the United States (CFIUS) released its Annual Report for 2019, providing insight into recent CFIUS trends. This included encouraging results on CFIUS outcomes for...more

Troutman Pepper

Trump’s Ban on TikTok and WeChat May Affect Popular Video Game Companies and More

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On August 6, 2020, President Trump issued two executive orders banning widely used Chinese social media services TikTok and WeChat. Citing national security concerns due to the applications’ abilities to automatically capture...more

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