On April 23, 2008, the U.S. Department of the Treasury announced "Regulations Pertaining to Mergers, Acquisitions, and Takeovers by Foreign Persons" in the "Federal Register". Openly solicit public opinions (see http://edocket.access.gpo.gov/2008/08-1172.htm).
The above-mentioned draft regulations are based on the “Foreign Investment and National Security Act of 2007†and related regulations that came into effect on October 24, 2007. The review procedure proposes amendments. Once this rule is established, it will have a direct impact on Chinese companies' mergers and acquisitions in the United States.
The U.S. Department of the Treasury requested in the announcement that any comments on the draft should be sent to the U.S. Treasury Department before June 9, 2008. The contact method is:
1. It can be electronically transmitted through the U.S. government's electronic legislation portal ();
2, can also be sent to:
Nova Daly,
Deputy Assistant Secretary,
US Department of the Treasury,
1500 Pennsylvania Avenue, NW.,
Washington, DC 20200 USA
In addition, the Ministry of Commerce of the People's Republic of China is also conducting a study on the above draft regulations issued by the US Department of the Treasury. The Chinese companies and individuals who wish to comment on the above draft US draft regulations can send the comments directly to the Department of Commerce and Industry's Department of Law and Regulations (e-mail:) while sending them directly to the US Treasury Department.
The above-mentioned draft regulations are based on the “Foreign Investment and National Security Act of 2007†and related regulations that came into effect on October 24, 2007. The review procedure proposes amendments. Once this rule is established, it will have a direct impact on Chinese companies' mergers and acquisitions in the United States.
The U.S. Department of the Treasury requested in the announcement that any comments on the draft should be sent to the U.S. Treasury Department before June 9, 2008. The contact method is:
1. It can be electronically transmitted through the U.S. government's electronic legislation portal ();
2, can also be sent to:
Nova Daly,
Deputy Assistant Secretary,
US Department of the Treasury,
1500 Pennsylvania Avenue, NW.,
Washington, DC 20200 USA
In addition, the Ministry of Commerce of the People's Republic of China is also conducting a study on the above draft regulations issued by the US Department of the Treasury. The Chinese companies and individuals who wish to comment on the above draft US draft regulations can send the comments directly to the Department of Commerce and Industry's Department of Law and Regulations (e-mail:) while sending them directly to the US Treasury Department.
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