Overview
Reorg quoted Evan Abrams in a March 18 article titled "CFIUS Has Several Tools to Extend Investigations Amid Coronavirus, Practitioners Say." The article discusses how, in the midst of the coronavirus, merging parties will likely see the Committee on Foreign Investment in the United States (CFIUS) extend its reviews of transactions through several means.
CFIUS could extend reviews of transactions that normally would not see such extensions. For transactions that would normally receive CFIUS clearance during the initial 45-day review period, the committee could move the case into a 45-day investigation phase. "It wouldn't surprise me to see that happen more now," Abrams says.
The full article can be read at Reorg (subscription required).
