David Fagan, Covington & Burling and Chris Griner, Stroock
The Covid-19 pandemic is slowing down national security reviews of foreign investment deals in the United States, lawyers say.
While mergers and acquisitions in general were declining as the novel coronavirus spread across the globe, the Committee on Foreign Investment in the United States (CFIUS) at the U.S. Treasury Department, which reviews transactions for national security concerns, is also being affected by the new working conditions. "It is not that CFIUS is closed, but there is an impact on CFIUS too, and you have to factor that into your planning," says David Fagan, co-chair of the firm's cross-border investment and national security practice at Covington & Burling in Washington, D.C.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
