Understanding the New Outbound Foreign Investment Controls

The recent Executive Order and subsequent Advance Notice of Proposed Rulemaking (ANPR) restricting certain outbound U.S. investments involving sensitive technologies in China, Hong Kong and Macau signal a new frontier in controls limiting Chinese access to U.S. technology.  Meanwhile, similar proposed restrictions have been receiving strong bipartisan support in Congress under the National Defense Authorization Act for 2024.  How will U.S. companies and investors in sectors such as semiconductors, microelectronics, advanced computing and artificial intelligence navigate these amorphous requirements, which could include equity investments, mergers and acquisitions, joint ventures and even certain debt financing transactions? And how do companies plan ahead for their activities in China when the rules are implemented?

Join us to learn more about these new controls, including the parties subject to the controls, the scope of technologies addressed in the ANPR, and covered transactions, whether prohibited or notifiable. You will also hear about anticipated feedback from the ANPR comment period, as well as the outlook for implementation.

Our speaker will be Laura Black, Senior Counsel with Akin Gump Strauss Hauer & Feld LLP and former Director of Policy and International Relations, Committee on Foreign Investment in the U.S. (CFIUS).