Trade Law Daily is providing readers with the top stories from last week, in case you missed them. All articles can be found by searching on the title or by clicking on the hyperlinked reference number.
Antonia Tzinova, a former partner at Holland & Knight, has joined Weil as a partner in the regulatory transactions group, the firm announced. Tzinova had worked at Holland for more than 20 years, leading its Committee on Foreign Investment in the U.S. and industrial security team. Her practice will center on export controls, sanctions, CFIUS and cross-border investment matters, Weil said.
Kenneth Nunnenkamp, former partner at Morgan Lewis, has joined Blank Rome as a partner in the international trade practice group, the firm announced. Nunnenkamp's practice centers on national security issues, including Committee on Foreign Investment in the United States reviews, export controls and sanctions. At Morgan Lewis, he led the firm's CFIUS working group.
Trade Law Daily is providing readers with the top stories from last week, in case you missed them. All articles can be found by searching on the title or by clicking on the hyperlinked reference number.
Laura Black, former director of policy and international relations for the Committee on Foreign Investment in the U.S., has joined White & Case as partner in the global trade and foreign direct investment reviews practice, the firm announced. Black joins from Akin Gump, where she worked as senior counsel since 2022. Black worked at CFIUS from 2018 to 2022.
Paul Rosen, former assistant secretary for investment security at the Treasury Department, has joined Latham & Watkins as a partner in the Committee on Foreign Investment in the U.S. and national security practice, the firm announced. At Treasury, Rosen oversaw CFIUS and its investment screening and enforcement activities.
Japan-based Nippon Steel Corp. and U.S. Steel Corp. asked a federal court Jan. 6 to set aside the Biden administration’s “illegal and improper” decision to block Nippon Steel’s acquisition of the American firm. Their lawsuit also urges the U.S. Court of Appeals for the District of Columbia Circuit to order the Committee on Foreign Investment in the U.S. to conduct a new review of the proposed $14.9 billion transaction.
The chair and ranking member of the House Select Committee on China, along with a bipartisan group of 53 representatives, filed an amicus brief last week in the suit against the TikTok ban to support the constitutionality of the ban (see 2406070023) (TikTok v. Merrick Garland, D.C. Cir. # 24-1113).
A new rule that would impose a three-day deadline for certain responses to the Committee on Foreign Investment in the U.S. was unanimously criticized by several law firms, an industry group and the Chinese government, which said such a time frame doesn’t take into account the complex, time-consuming discussions companies must have when dealing with CFIUS. Some commenters also asked the committee to nix a proposed change that would raise the maximum penalty for violations from $250,000 per violation to $5 million, saying most violations are accidental, and the increase could rattle the “confidence” of foreign investors.
Alexis Early, former partner at King & Spalding, has joined Jenner & Block as a partner in the Washington-based national security and crisis practice. Early's practice focuses on sanctions, trade and export controls, anti-money laundering, the Committee on Foreign Investment in the United States and more, the firm said.