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Abram Ellis Quoted in GCR on Treasury Department’s Outbound Investment Final Rule
11.04.24
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Abram Ellis, Co-Head of the Firm’s International Trade Regulation Practice, was quoted in a Global Competition Review article, which discussed the scope and impact of the Treasury Department’s recently finalized regulations that will make up the new Outbound Investment Security Program. Abram explained that the outbound regime is now part of a broader government toolkit that can be used in foreign relations. He further noted that while the outbound screening framework will be burdensome, prohibitions exist for U.S. persons that undertake reasonable due diligence and can demonstrate that they took affirmative steps to ensure they did not knowingly engage in a prohibited deal. “US businesses and US investors will flock to those protections,” he said.
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