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Foley & Lardner

Joseph Bernardi will bolster the firm’s technology sector, an area of expansion as PE buyers seek cross-border growth opportunities
Law firms are warning clients that the recent White House executive order is the first of many actions aiming to distance the US economy from China
The new rules result from years of mounting China-US tensions and aim to close a loophole in US export controls
The decision to restrict certain investments is a further step towards decoupling from China, but mutual dependency will put that logic to the test
Upcoming rules that will tighten outbound investment controls could also apply to past transactions
The scope and detail of the new rules are still unclear, but market participants should prepare the best they can to avoid reputational damage
Intensified competition with China and ongoing global geopolitical tensions are pushing the US to tighten export controls