Sen. John McCain, R-Ariz., talks with Ivan Schlager, in May well, 1998.
Scott J. Ferrell | Congressional Quarterly | Getty Visuals
WASHINGTON — Legislation business Kirkland & Ellis is employing top rated countrywide security attorney Ivan Schlager, it announced Wednesday, the most up-to-date in a string of higher-profile hires for the business.
Schlager, who specializes in nationwide security and regulatory challenges, particularly Committee on Overseas Investment in the United States, or CFIUS, will be part of from Skadden, Arps, Slate, Meagher & Flom.
Schlager will join Kirkland at a time the U.S. is tightening its oversight of the probable threats that occur with exterior investments.
In 2018, the U.S. passed the Foreign Expense Danger Evaluate Modernization Act, in which CFIUS outlined its objective for a broader reach. The final decision arrived amid rising problem that minority investments would allow for overseas buyers to provide back important systems. There was also get worried organizations had been generating provide-chain investments that served as a foundation for technological innovation that posed a chance to the U.S.
Schlager has a long time of encounter in the evolution of international expense regulation. As former main counsel and personnel director to the U.S. Senate Committee on Commerce, Science and Transportation, Schlager aided draft the 1988 Exon-Florio Modification, which gave CFIUS the authority to review international transactions and impose the obligation to investigate promotions involving condition-owned potential buyers.
He joins other associates, including Jonathan Davis and Eric Schiele, who have manufactured the leap to Kirkland in an intense using the services of drive more than the previous few yrs. Individuals hires have aided Kirkland & Ellis put together a formidable mergers and acquisitions enterprise.
“In my interactions with Kirkland about the years, I have been frequently impressed with their comprehensive M&A/personal equity platform,” Schlager reported in a assertion. “This is an unbelievable opportunity to pursue new troubles as I embark on the following chapter of my job.”
Kirkland & Ellis did not say when Schlager will start, noting he will be a part of “upon completing obligations at his current agency.”