International

TheDeal.com
November 28, 2007

Robert Clifton Burns

Although Citi is the country's largest bank, the investment also should not trigger a national security review by the Treasury Department-led Committee on Foreign Investments in the U.S. A proposed purchase of port servicing operations in the U.S. by Dubai, another United Arab Emirates state, provoked Congress in 2007 to require that CFIUS examine acquisitions of "critical infrastructure" for national security implications. But the definition of infrastructure was directed at physical assets such as power and telecommunications grids and transportation hubs, said Clif Burns, a partner in the export controls practice group at Powell Goldstein LLP. "I'm not sure you could classify Citi as critical infrastructure."



RELEVANT PRACTICES & INDUSTRIES
Customs
E-commerce
Economic Sanctions
Export Controls
Foreign Corrupt Practices Act
International
International Intellectual Property
International Logistics
International Transactions & Regulations
Trade Remedy Litigation
Related Services
Customs
E-commerce
Economic Sanctions
Export Controls
Foreign Corrupt Practices Act
International Government Contracts
International Intellectual Property
International Logistics
International Tax
International Transactions & Regulations
Section 337
Trade Remedy Litigation
Immigration
For This Practice
Firm News
PoGo Alerts
Publications
Events
Leader
William Steinman
Partners/Counsel
Robert Clifton Burns
Charles (Chuck) C. Connors
C. Glenn Dunaway
Andrew R. Hough
Thomas R. McNeill
Linda C. Odom
William B. Shearer, Jr.
Joel C. Williams, Jr.
Associates
Illya Antonenko
Karen N. Reschly
Brooke D. Rodgers
©2001-2008 Powell Goldstein LLP. All rights reserved