Impact of FIRRMA on Real Estate Transactions: Concerns for Developers, Lessors, Lenders, and Fund Managers
CFIUS Review of Foreign Investment in Critical Infrastructure and Property Near U.S. Facilities, Filing Requirements
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will examine the Foreign Investment Risk Review Modernization Act (FIRRMA) and how it has affected 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 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 to 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?
Robert A. Friedman
Holland & Knight
A former official with the U.S. Department of State, Mr. Friedman helps clients address a range of complex legal,... | Read More
A former official with the U.S. Department of State, Mr. Friedman helps clients address a range of complex legal, regulatory and policy issues that involve international trade and investment, government regulation of cross-border transactions and compliance with U.S. laws based on foreign policy and national security. He advises businesses, entrepreneurs, investors and trade associations on matters related to economic sanctions, export controls, foreign direct investment, supply chain security, customs laws, data privacy and cybersecurity, market access, anti-corruption and national security regulations. Mr. Friedman’s clients range from startups to Fortune 50 companies and span diverse industries, including defense, aerospace, telecommunications, finance, private equity, semiconductors, infrastructure, technology and manufacturing. He has significant experience serving as regulatory counsel in connection with M&As and has obtained national security-related regulatory approvals for foreign investments from interests around the world.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