When the US Congress enacted the Foreign Investment Risk Review Modernisation Act (FIRRMA) in August 2018, it swept in the most comprehensive reform of the CFIUS review process ever. Final CFIUS implementing regulations are in effect as of 13 February 2020. Due to FIRRMA, changes in technology and global trade tensions, the CFIUS process is more complex than ever before: expanded jurisdiction, mandatory filing requirements, expansion of the types of issues considered to raise national security considerations, increased resources towards transaction monitoring and enforcement, and extensive international coordination, to name just some of the factors. As a result, CFIUS considerations are playing an increasingly consequential role in international deal making. Join this webinar to learn more about these developments from Aimen Mir, who led CFIUS for almost eight years and was a key architect of FIRRMS. Topics to be discussed include:
Aimen Mir is a partner in Freshfields’ Washington-based antitrust, competition and trade practice and its global sanctions and trade practice. With more than a decade of experience shaping and implementing US national security and investment policy, Mr. Mir focuses his practice on the national security review of foreign investments conducted by the interagency CFIUS, US technology transfer and export control policy and other national security and foreign policy-based regulations of international business transactions. In his leadership roles, Mr. Mir managed the CFIUS review process. He also served as the principal US government liaison with partner governments on foreign investment review issues and played a leading role in shaping and negotiating the recently enacted FIRRMA, the most significant expansion of CFIUS’s powers in 30 years.