Article

The Treasury has clarified that the right to nominate directors is a standard minority shareholder protection, while the right to appoint a director disqualifies an investment from excepted status. Following the enactment of the COINS Act, which mandates regulations to restrict outbound U.S. investments in certain countries, U.S. investors must continue to comply with existing Outbound Investment Security Program requirements until new regulations are established. The COINS Act is expected to increase obligations for U.S. investors moving forward.