Brendan Hanifin Discusses Effect of President Biden’s Executive Order on International Investments in the National Law Journal

In The News
August 15, 2023

In a National Law Journal article, international trade and risk attorneys opine on the Treasury Department’s current thinking on the regulations and oversight of existing and future transactions abroad, and the similarities to the rules mandated by the Committee on Foreign Investment in the United States (CFIUS).

International risk partner Brendan Hanifin said Ropes & Gray is receiving many questions from clients on whether and how the executive order could apply to existing investments.

Brendan noted, “As a general matter, the rules (are) intended to be forward looking.”

He also characterized the executive order as a first step, adding that the administration could later adopt a reverse CFIUS framework for outbound investments.

“I do think we’re going to see some meaningful movement between where we are today and what the final rule looks like,” Brendan said.