On September 13, 2017, President Donald Trump blocked Canyon Bridge Capital Partners Inc.’s planned $1.3 billion acquisition of chipmaker Lattice Semiconductor Corp., siding with the Committee on Foreign Investment in the United States (CFIUS)’s decision that the involvement of Chinese investors presents a national security concern. This is the fourth time in the past 30 years that a U.S. president has blocked foreign companies’ acquisitions in the United States due to national security concerns. All four deals have involved investors from China with three of the deals having occurred in the past five years.
The International Practice Group of Garvey Schubert Barer is a cross-disciplinary group of attorneys practicing in areas ranging from business transactions, immigration, maritime, government regulatory work, transportation and logistics, and estate planning. The group members include bilingual and multicultural attorneys who are well-versed in handling these subject matters in a cross-border context. The firm’s attorneys have been actively practicing in the international arena since the early 1970s.