Law360
July.24.2013
Harry Clark, head of Orrick’s International Trade and Compliance Group, recently spoke with Law360 about Shuanghui International Holdings Ltd. upsizing its debt offering to help support its $7.1 billion acquisition of Smithfield Foods Inc.
Clark commented that Shuanghui isn't owned by the Chinese government, which has long been a key issue for CFIUS. And while a stable food supply does fall within the committee's authority, "it's awfully hard to see a true national security problem lurking here.”