Impact of FIRRMA on Real Estate Transactions: Concerns for Developers, Lessors, Lenders and Fund Managers
Expanded CFIUS Review of Foreign Investment in Critical Infrastructure and Property Near U.S. Facilities, New Filing Requirements
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will examine the Foreign Investment Risk Review Modernization Act (FIRRMA) and how it will impact real estate development, leasing, financing and investment. The panel will discuss what constitutes "critical infrastructure" and "proximity," and the steps that should be taken to comply with the new law. The panel will also discuss concerns for real estate investment funds that include foreign investors.
- CFIUS and FIRRMA
- Expanded review and reporting requirements
- Foreign parties impacted
- Covered transactions in real estate context
- Critical infrastructure
- Proximity to government facilities
- Implications for real estate investment funds
- Due diligence of foreign investors
- Mandatory reporting, CFIUS review
The panel will review these and other key issues:
- How should counsel determine if a proposed property deal could be subject to CFIUS review?
- What does a fund manager need to know about its investors to determine whether their involvement may impact the risk of CFIUS involvement or required mitigation?
- Are there practical things investors, lessors or lenders can do reduce the risk of CFIUS involvement or reduce the impact on the value of the deal if CFIUS does become involved?
- What are the practical steps and timelines for engaging with the regulatory process?
Stephanie L. Connor
Gibson Dunn & Crutcher
Ms. Connor has significant experience advising multinational companies on the effectiveness of their internal... | Read More
Ms. Connor has significant experience advising multinational companies on the effectiveness of their internal compliance controls and has counseled clients in matters arising under the economic sanction and embargo regulations administered by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Foreign Corrupt Practices Act (“FCPA”), and U.S. anti-money laundering (“AML”) regulations. She also specializes in matters before the U.S. Committee on Foreign Investment in the United States (“CFIUS”). Ms. Connor has served on secondment to the Legal and Compliance division of a Fortune 100 company.Close
Antonia I. Tzinova
Holland & Knight
Ms. Tzinova practices in the areas of international trade, foreign direct investment and industrial security. She... | Read More
Ms. Tzinova practices in the areas of international trade, foreign direct investment and industrial security. She advises on defense and high-technology exports; U.S. trade embargoes and economic sanctions; and customs matters. Ms. Tzinova regularly represents clients before the Committee on Foreign Investment in the United States (CFIUS) and advises on measures to mitigate Foreign Ownership, Control, or Influence (FOCI) in cross border mergers and acquisitions of U.S. government and defense contractors. She counsels foreign investors on structuring investments in the defense, high-tech and critical infrastructure sectors of the U.S. economy.Close