The US Department of the Treasury’s amendments
this week to the regulations governing the Committee on Foreign
Investment in the United States (Cfius) that implement certain
aspects of the Foreign Investment Risk Review Modernization Act
(Firrma), may signal a change in approach for firms in the US
But as the industry waits for the new regulations to be
applied, it remains uncertain exactly how much of an impact
they will have and how drastically firms will need to
"Is this really going to be the dramatic change that people
have been talking about or has it been oversold a little bit?"
asked a chief legal officer at a private equity house in New
York. "Given that there has been a trend of scrutinising
private equity structures in recent years, there was always an
issue of critical technology and infrastructure being looked
at, is it really that...