Ingrid Price

Feb 1, 2024 | lexblog.com | David Fagan |Ashden Fein |Micaela R. h. McMurrough |Ingrid Price

Mr. Fagan’s practice covers representations of both foreign and domestic companies before CFIUS and related national security regulators. The representations encompass matters in which the principal assets are in the United States, as well as those in which there is a smaller U.S. nexus but where solving for the CFIUS issues – including through proactive mitigation and carve-outs – is a critical path for the transaction.

Feb 1, 2024 | lexology.com | David Fagan |Ashden Fein |Micaela R.h. McMurrough |John Leslie |Jayne Ponder |Shayan Karbassi | +3 more

On January 29, 2024, the Department of Commerce (“Department”) published a proposed rule (“Proposed Rule”) to require providers and foreign resellers of U.S. Infrastructure-as-a-Service (“IaaS”) products to (i) verify the identity of their foreign customers and (ii) notify the Department when a foreign person transacts with that provider or reseller to train a large artificial intelligence (“AI”) model with potential capabilities that could be used in malicious cyber-enabled activity.