Lawrence M. Ward

Jan 8, 2025 | jdsupra.com | Justin Huff |Lawrence M. Ward

On January 3, President Biden issued the Order Regarding the Proposed Acquisition of United States Steel Corporation by Nippon Steel Corporation (the “Order”).[1] Under the Order, President Biden prohibited the proposed acquisition of United States Steel Corporation (“U.S. Steel”) by Nippon Steel Corporation through its subsidiaries Nippon Steel North America, Inc. and 2023 Merger Subsidiary, Inc. (collectively, “Nippon Steel”).

Aug 28, 2023 | jdsupra.com | Justin Huff |Lawrence M. Ward

As we have discussed previously, proximity to sensitive U.S. Department of Defense military bases and operations, such as testing ranges, is an important element of many reviews by the Committee on Foreign Investment in the United States (“CFIUS”, or the “Committee”). Perhaps the most famous example being President Obama’s 2012 Executive Order directing the Ralls Corporation to divest its interest in an Oregon wind farm operation near a U.S. Navy restricted airspace and bombing zone.

Aug 10, 2023 | jdsupra.com | Nelson Dong |Justin Huff |Lawrence M. Ward

On August 9, after months of deliberations, President Biden issued a new Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern (the “EO”). Simultaneously, the Department of the Treasury issued a draft advance notice of proposed rulemaking (“ANPRM”) seeking public comment on the Executive Order’s implementing regulations.

Jun 14, 2023 | jdsupra.com | Justin Huff |Lawrence M. Ward

Recently the Committee on Foreign Investment in the United States (“CFIUS”, or the “Committee”) announced three changes that impact how the Committee evaluates foreign investments in U.S. businesses. While the changes appear minor, the modifications provide CFIUS with even greater capabilities to ensure protection of U.S. national security. “Springing Rights” are No Longer an Option.