However, as President-elect Trump prepares for his upcoming inauguration, all eyes will be on how the Trump Administration implements the CFIUS process. Voices undoubtedly will become louder that ...
Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...
The CFIUS process effectively gives presidents the final say over any foreign investment in the United States—and if it wasn't already apparent why that system needs serious reform, it should be ...
To protect national security, the Committee on Foreign Investment in the United States (CFIUS) may review transactions involving foreign investment in US businesses. Parties to potentially covered ...
"And unfortunately, the President of the United States shamefully, shamefully tainted the CFIUS process from the very beginning. We respected the process, and that was a mistake that we made.
THE SUIT ALSO SAYS THE CFIUS PROCESS REMAINED A CHARADE EVEN AFTER U.S. STEEL AND NIPPON MADE A DETAILED EXPLANATION OF HOW THE MERGER WOULD ACTUALLY IMPROVE NATIONAL SECURITY. THE SUIT SAYS THE ...
two sources familiar with the CFIUS process told CNN. Officials at the US Energy Department and Commerce Department also had concerns about the deal, one of the sources said. The Department of ...
U.S. President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was ...
The companies added that the "CFIUS process was deeply corrupted by politics, and the outcome was pre-determined, without an investigation on the merits, but to satisfy the political objectives of ...
which reflects a clear violation of due process and the law governing CFIUS (The Committee on Foreign Investment in the United States). Instead of abiding by the law, the process was manipulated ...
National security determinations are ordinarily beyond legal review. But courts have tinkered with the CFIUS process before. A 2014 ruling, opens new tab held that the body’s black-box ...
"Since the outset of the regulatory review process, we have diligently and transparently engaged with CFIUS," the companies said. "The record before CFIUS is abundantly clear that this transaction ...