Lawyer Expects 'Serious' CFIUS Enforcement This Year
The Committee on Foreign Investment in the U.S. will be especially active this year, BakerHostetler lawyers predicted in a webinar hosted by the law firm last week. Lawyer Scott Jansen said he believes “there's going to be actual CFIUS enforcement” despite the committee not issuing an enforcement penalty since 2019. “We believe that there is a great chance that there'll be serious penalties in 2023,” Jansen said, adding that he expects CFIUS to continue to prioritize China-related transactions.
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He also said he believes CFIUS will place an “increased focus on real estate transactions.” The committee recently received criticism from Congress after it determined not to intervene in China-based Fufeng Group's purchase of North Dakota farm land (see 2302070028).