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CFIUS clarifies that it may request details  on LPs in investment funds

CFIUS clarifies that it may request details on LPs in investment funds

New guidance from CFIUS has clarified that the Committee may request follow-up information on all foreign investors that are parties to a particular transaction, whether they’re involved directly or indirectly. That includes limited partners in venture capital or private equity funds. Details are inside.

CFIUS says “springing rights” may not be allowed in mandatory filings

CFIUS says “springing rights” may not be allowed in mandatory filings

The latest FAQ from CFIUS provides some details on “springing rights,” such as information rights that might only become effective after CFIUS approves a transaction. According to the Committee, those provisions may no longer be okay for mandatory filings. Details and the actual guidance are inside.