President Obama orders divestiture of Chinese investment in US wind farms; investor mounts unprecedented legal challenge
During the past 25 years, the US government, through the interagency Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”), has reviewed hundreds of potential foreign acquisitions of US businesses. On September 12, 2012, a foreign acquirer took the unprecedented step of challenging in federal court the application of CFIUS’s authority.
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