President Bush signed the Foreign Investment and National Security Act on July 26, causing a scramble in New York and other major US cities for investment attorneys familiar with the new code. The new law came into being due to ever-increasing security concerns and as a response to a 2006 controversy involving DP World’s acquisition of a British port operator which owns several US ports. Attorneys familiar with the new law say it confirms the government’s changing attitude towards foreign investments in security sensitive areas.
Source: www.law.com