On September 8, 2023, the Government of Vietnam requested that the United States treat Vietnam as a Market Economy (ME) for antidumping (AD) law purposes versus the current Non-Market Economy (NME) status (attached). ME status generally means lower
Latest from The Trade Practitioner
CFIUS Clearance: Ørsted A/S and Uncommitted lease area for wind development from Eversource Energy
Status: Clearance
Acquirer: Ørsted A/S (Denmark)
Acquired: Uncommitted lease area for wind development from Eversource Energy (U.S.)
Value: $625 million
Industry Tags: Energy
Upcoming/New Filing: Mars Acquisition Corp. and ScanTech Identification Beam Systems, LLC
Status: Upcoming/New Filing
Acquirer: Mars Acquisition Corp. (Cayman Islands)
Acquired: ScanTech Identification Beam Systems, LLC (U.S.)
Value: $149.5 million
Industry Tags: Logistics; Security Solutions
CFIUS Upcoming/New Filing: Enbridge Inc. and Dominion Energy
Status: Upcoming/New Filing
Acquirer: Enbridge Inc. (Canada)
Acquired: Three gas utility businesses of Dominion Energy (U.S.)
Value: $14 billion
Industry Tags: Regulated Utilities; Energy; Oil & Gas
CFIUS Investigation: Sina Corporation and TuSimple Holdings Inc.
Status: Mitigation; Clearance
Acquirer: Sina Corporation (China)
Revised Acquirer: TuSimple (Cayman) Limited (Cayman Islands)
Acquired: TuSimple Holdings Inc. (US)
Value: Unknown
Industry: Autonomous Vehicles
Upcoming/New CFIUS Filing: Paccar Inc.; Cummins, Inc.; Daimler Trucks Group Company; EVE Energy Co., Ltd. – Joint Venture
Status: Upcoming/New Filing
Acquirer: Paccar Inc. (U.S.); Cummins Inc. (U.S.); Daimler Trucks Group Company (Germany); EVE Energy Co., Ltd. (China)
Acquired: New joint venture (U.S.)
Value: $2-3 billion
Industry Tags: Battery and Electronic Component Manufacturing; Electric Vehicles
U.S. Commerce Secretary’s Meetings in China Reinforce Trade Relations and Deepen Bilateral Discussions
U.S. Secretary of Commerce Raimondo’s recent visit to China in late August was “part of ongoing efforts to deliver on President Biden’s directive following his meeting with President Xi in November 2022 to deepen bilateral discussions.” (Commerce Press Release
Upcoming/New CFIUS Filing: Cegeka Groep NV and Computer Task Group
Status: Upcoming/New Filing
Acquirer: Cegeka Groep NV (Belgium)
Acquired: Computer Task Group (U.S.)
Value: Over $170 million
Industry Tags: Technology Services
CFIUS Pending Filing: Stratasys Ltd. and Desktop Metal, Inc.
Status: Pending
Acquirer: Stratasys Ltd. (Israel)
Acquired: Desktop Metal, Inc. (US)
Value: Over $500 million
Industry Tags: 3D Printing; Additive Manufacturing
CFIUS Upcoming/New Filing: BAE Systems, Inc.; BAE Systems, plc and Aerospace business of Ball Corporation
Status: Upcoming/New Filing
Acquirer: BAE Systems, Inc.; BAE Systems, plc (U.K.)
Acquired: Aerospace business of Ball Corporation (U.S.)
Value: $5.6 billion
Industry Tags: Aerospace; Defense