The Wall Street Journal
Morrison & Foerster Global Risk and Crisis Management Chair John P. Carlin advises companies that a substantial increase in the number of transactions under review by the Committee on Foreign Investment is causing a backlog and that companies “are taking longer to get answers.”
To prepare for a CFIUS review, he said, a company seeking a foreign buyer should think seriously about its cybersecurity program, and have an explanation on hand if it holds sensitive data. “There will be a lot of scrutiny around data and cybersecurity,” he said.
Read the full post from The Wall Street Journal’s Risk & Compliance Journal (subscription required).