On March 11, 2020 the World Health Organization (WHO) declared the COVID-19 outbreak to be a pandemic.
COVID-19 presents a unique and, for most parties, unprecedented challenge – a pandemic that has resulted in a global public health crisis and significant restrictions on global trade and labor, the repercussions of which continue to evolve on a daily basis.
Factory shutdowns in China (the world’s largest solar module and panel manufacturer), together with various other restrictions imposed by government authorities worldwide as a result of the outbreak of COVID-19, are having a significant impact on the ability of suppliers of critical equipment for solar developments to perform obligations under supply agreements.
On January 13, 2020, the U.S. Department of the Treasury (“Treasury”), which chairs the Committee on Foreign Investment in the United States (“CFIUS”), released final regulations implementing the 2018 CFIUS reform law, the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”)…
On November 22, 2019, the Committee on Foreign Investment in the United States (“CFIUS”) released its long-awaited Annual Report to Congress covering calendar years 2016 and 2017.