Government and politics have both impacted the recent climate for US-India trade. In June, I wrote in this column about potential changes in the Committee on Foreign Investment in the United States (CFIUS), the process through which foreign investment in areas that are seen as impacting national security are reviewed.
Partner
Sonnenschein Nath & Rosenthal LLP
After more than a year of debate in the wake of the Dubai Ports World imbroglio, President Bush signed the Foreign Investment and National Security Act of 2007 (FINSA).
FINSA broadens the definition of “critical infrastructure” to include critical technologies. The CFIUS process will ultimately determine what these terms mean in practice, but it can be assumed that the definitions will be significantly broadened.
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Wayne Rogers is a partner in the international law firm of Sonnenschein Nath & Rosenthal LLP, where he specializes in international trade and cross-border transactions. He may be reached at 202-408-6478 or wrogers@sonnenschein.com.
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