The Committee on Foreign Investment in the United States
soon require all parties to transactions to pay filing fees
in connection with filings. However, sources suggest it will
not cause inbound investment to drop.
inter-agency committee that has the authority to review
transactions that may result in foreign persons or
businesses controlling certain types of business in the US to
ascertain their impact on US national security, has not
previously charged application fees for its reviews.
In direct response to the Covid-19 virus,
the agency has also taken steps to protect itself from
contamination this week. By introducing an e-filing system in
place of the existing hard copy and DVD submission system, it
will no longer accept any form of physical filings.
This move is perhaps a sign of things to come as the
pandemic continues to expose unnecessary practice across the
entire global workforce. "Perhaps...