#USA #Latham & Watkins #Washington, D.C. #National Security #CFIUS

Introduction

In a strategic move that highlights its commitment to bolster its national security capabilities, Latham & Watkins LLP has announced the hiring of Cate Behles. As the latest addition to their Washington, D.C. office, Behles brings a wealth of experience from her recent tenure as Senior Counsel and Co-Lead Counsel at the Committee on Foreign Investment in the United States (CFIUS) within the U.S. Department of the Treasury. Her expertise in navigating complex foreign investment reviews and regulatory matters, particularly focusing on national security, positions her as a key asset to the firm's already robust roster.

A Strong Background in National Security

Having previously played a pivotal role at the U.S. Treasury, Behles possesses extensive experience in handling high-profile and significant CFIUS matters. Her responsibilities there included overseeing a dedicated team that evaluated legal and regulatory submissions, and conducting in-depth reviews of transactions that might impact national security. This hands-on experience uniquely equips her to assist corporate and private equity clients facing the dynamics of cross-border transactions and regulations.

Behles' multifaceted role at the Treasury saw her manage various aspects of CFIUS operations, from jurisdiction assessments of foreign investments to negotiations over mitigation agreements and compliance measures. Additionally, her time in the Treasury General Counsel's office allowed her to collaborate on cases requiring direct engagement from both the General Counsel and the Secretary of the Treasury, thereby enhancing her understanding of the legal frameworks governing national security.

Joining a Premier CFIUS Team

Mandy Reeves, the managing partner of Latham's Washington D.C. office, expressed her enthusiasm about Behles’ addition, emphasizing that her extensive background in CFIUS regulations will fortify the firm’s existing capabilities in navigating national security landscapes. In fact, Behles marks the fifth attorney in just 16 months to join Latham from a governmental background in CFIUS matters, reinforcing the firm’s commitment to expanding its offerings amid increasing demand for high-level legal counsel in this sector.

At Latham, Behles will join an exceptional team of industry experts dedicated to providing clients with strategic guidance and support in addressing complex regulatory challenges. This team includes prominent figures such as Paul Rosen, former Assistant Secretary for Investment Security, and several others who have brought their deep governmental insights into the private legal sphere.

Evolving Regulatory Challenges and Future Goals

In the wake of her appointment, Behles articulated her eagerness to engage with clients at Latham. She stated, "I am excited to join Latham's market-leading CFIUS and national security team. I look forward to helping clients navigate evolving regulatory challenges, manage risk, and achieve their strategic objectives alongside such a talented and collaborative team." Her ambition aligns with the growing landscape of international investment where navigating security considerations is ever more critical.

Educational Credentials

Behles holds a Juris Doctorate from Notre Dame Law School and a Bachelor’s degree from the University of California, Berkeley. Her academic accomplishments, combined with her extensive practical experience, further bolster her credentials as a leading attorney in CFIUS matters.

Conclusion

Latham & Watkins’ recruitment of Cate Behles reflects its proactive approach to enhancing their CFIUS practice amidst growing regulatory complexities. As businesses navigate an increasingly intricate landscape of foreign investment and national security, firms like Latham are pivotal in assisting clients in risk management and strategic planning. With Behles on board, clients can expect a strengthened service in tackling their most pressing concerns related to national security and regulatory compliance.