Besides, Cerberus is a foreign firm, it is an election year and, with all their recent economic mishaps, the Japanese are nursing a bruised pride.
The designation significantly strengthens U.S. sanctions on the oil company, potentially barring any foreign firm doing business with it from the American financial system.
Another man, who works for a Dutch IT firm, tells me the arrival of foreign firms is having a positive impact.
And it counts any firm with over 25% foreign ownership as an outside buyer, forcing the government to track every trade in the shares of public companies near the limit.
What makes this situation more complicated is that it creates an environment in which a legitimately-run foreign firm that buys an American company, and thus can raise money by issuing shares, is lumped in with companies that operate nefariously.
It also requires that a U.S. agency take responsibility for each transaction, and it gives CFIUS a relatively brief review process to determine whether a proposed acquisition by a foreign firm poses a risk to national security.
As Simon Gleeson of Clifford Chance, a law firm, points out, no government will care as much about treating foreign creditors fairly as it cares about compensating its own people.
Developed with money from Occidental Petroleum in 1985, the coal mine was China's first big venture with a foreign firm and a symbol of the country's willingness to do business with corporate America as it emerged from behind its Maoist curtain.
Developed with money from Occidental Petroleum (nyse: OXY - news - people ) in 1985, the coal mine was China's first big venture with a foreign firm and a symbol of the country's willingness to do business with corporate America as it emerged from behind its Maoist curtain.
"In technology China has come from a position of follower, adopting foreign standards on which it has to pay royalties, " said Mark Natkin, director of Marbridge, a technology consulting firm in Beijing.
To Exxon's great advantage, its deal is more important to Russia, which desperately needs foreign investment and expertise in its oil industry, than it is for Exxon, the world's biggest private oil firm.
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