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Awareness in Foreclosure: Impacts of the Outbound Investment Regulations on Business Development Company Revolvers
The US Department of the Treasury (“Treasury”) promulgated the Outbound Investment Regulations (the “OIR”) on October 28, 2024, and the OIR took full effect on January 2, 2025 (the “effective date”). Through the OIR, Treasury implemented restrictions on US persons’ investments qualifying as “covered transactions,” which involve persons of countries of concern (and certain parents and subsidiaries thereof) that conduct activities in certain sensitive technologies and products–specifically,…
By: Mayer Brown