Latham & Watkins Launches Comprehensive Update to CFIUS and Foreign Direct Investment App

Interactive tool summarizes key aspects of CFIUS and other foreign direct investment regimes outside the United States.

WASHINGTON, Oct. 26, 2022 /PRNewswire/ -- Latham & Watkins LLP¹ has released a comprehensive update to its groundbreaking Foreign Direct Investment (FDI) mobile app. The app, first launched in 2019, provides easy-to-use summaries of key aspects of the national security review process administered by the Committee on Foreign Investment in the United States (CFIUS) and other foreign direct investment regimes around the world.

The app reflects the key criteria underscored in President Biden's September 2022 CFIUS Executive Order as well as European Union Commission and EU Member State FDI announcements, and numerous amendments to FDI regimes as a result of the COVID-19 pandemic.

"Around the globe, we see continued momentum by CFIUS and its international counterparts to address the evolving and broadening national security landscape. Businesses and their deal teams looking at cross-border investments need to stay abreast of the requirements and procedures of all of these regimes – and the FDI app allows you to look at them in concert at a high level," said Les Carnegie, a partner in Latham & Watkins' Washington, D.C. office and co-leader of the firm's CFIUS & US National Security Practice.

"The focus on national security continues to grow in importance, and that is unlikely to change any time soon," said Damara Chambers, a partner in Latham & Watkins' Washington, D.C. office and co-leader of the firm's CFIUS & US National Security Practice. "Navigating national security regimes with respect to cross-border deals is at the forefront of our clients' needs. Latham's global platform is perfectly suited to provide this comprehensive transactional counsel, and the FDI app demonstrates our depth of resources."

"This comprehensive FDI app update comes at a time when skillfully navigating considerations by CFIUS and other foreign direct investment regimes is a critical component of closing deals," said Justin Hamill, Global Co-Chair of Latham & Watkins' Mergers & Acquisitions Practice. "Latham's CFIUS and FDI teams bring unparalleled experience to helping clients navigate national security reviews both in and outside of the US."

The Latham FDI app is organized by select countries around the world, including the US, Australia, China, France, Germany, Italy, Spain, Russia, Saudi Arabia, Singapore, United Arab Emirates, and the UK. After choosing a country, users can click through to read summaries of information pertinent to the respective jurisdiction, such as:

• Legal authority responsible for foreign investment review
  
  
• Mandatory filings
  
  
• Voluntary filings
  
  
• Timelines
  
  
• Filing fees
  
  
• Penalties
  
  
• Definitions of key words and phrases

Latham's FDI app is available as a free download in the Apple App Store and Google Play that can be used on iPhone, iPad, and Android devices.

Visit Latham's CFIUS & US National Security Practice page for additional resources and more information.

Latham & Watkins delivers innovative solutions to complex legal and business challenges around the world. From a global platform, our lawyers advise clients on market-shaping transactions, high-stakes litigation and trials, and sophisticated regulatory matters. Latham is one of the world's largest providers of pro bono services, steadfastly supports initiatives designed to advance diversity within the firm and the legal profession, and is committed to exploring and promoting environmental sustainability.

¹ Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Hong Kong, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practice in Japan. Latham & Watkins operates in Israel through a limited liability company. Latham & Watkins operates in South Korea as a Foreign Legal Consultant Office. Latham & Watkins works in cooperation with the Law Office of Salman M. Al-Sudairi in the Kingdom of Saudi Arabia.

Les Carnegie, Co-Leader, CFIUS & US National Security Practice, +1.202.637.1096

Damara Chambers, Co-Leader, CFIUS & US National Security Practice, +1.202.637.2300

SOURCE Latham & Watkins