Baker Botts Partner Seth Taube, Securities and Shareholder Litigation chair in the New York office, discusses corporate compliance and The Committee on Foreign Investment in the United States (CFIUS) as some of the important areas pertaining to international trade.
Taube discusses integral compliance issues that corporate counsel should consider, especially given the recent developments around U.S. trade sanctions. He states that international trade is one of the most “under-appreciated areas of corporate compliance” with a lot of landmines and areas to get into trouble, and that it’s not just “put it in the box and ship.” Taube identifies a potential compliance landmine where a harmless task contributes to the transfer of sensitive information to a foreign country. He also discusses the important role CFIUS has on in international trade where the government entity could stop the sale of a U.S. company to a foreign buyer, without any appeal, if the agency doesn't feel that the transaction is appropriate.
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