IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

Yes

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 22 Jan 2016 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On January 22, 2016 the Dutch firm Royal Philips announced that Philips and GO Scale Capital terminated an agreement under which the latter firm would acquire an 80.1% interest in Lumileds, a unit that produces LED lights. 'Despite the extensive efforts of Philips and GO Scale Capital to mitigate the concerns of the Committee on Foreign Investment in the United States (CFIUS),' the company said, 'regulatory clearance has not been granted for this particular transaction.' The CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person in order to determine the effect of such transactions on the national security of the United States. In this case the committee had concerns over the national security implications over the transfer of this unit to a Chinese firm.

AFFECTED COUNTRIES

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