#United States #Latham & Watkins #Washington #CFIUS #Paul Rosen

Paul Rosen Joins Latham & Watkins as New Partner

In a significant development for the realm of national security and investment compliance, former Assistant Secretary of the US Department of Treasury for Investment Security, Paul Rosen, is set to join the prestigious law firm Latham & Watkins LLP. His arrival is expected to bolster the firm’s CFIUS (Committee on Foreign Investment in the United States) US National Security practice, enhancing the legal guidance offered to clients navigating complex regulatory frameworks involving foreign investments.

Background of Paul Rosen

Rosen’s extensive experience includes over 15 years in national security roles, which has equipped him with an in-depth understanding of the regulatory environments concerning foreign investments. His previous position involved overseeing CFIUS, where he managed regulatory reviews and enforcement actions, directly influencing US investment security and national policy.

Notably, after his bipartisan confirmation in May 2022, Rosen became pivotal in leading the daily operations of CFIUS. He oversaw hundreds of transaction filings that would set the standard for future national security regulations. His efforts in developing new compliance mechanisms and programs for outbound investments solidified his reputation in the regulatory space.

Role at Latham & Watkins

At Latham, Rosen will not only guide clients through government regulations but will also assist in investigations and enforcement matters, lending his expertise on inbound and outbound investment reviews. His vast knowledge makes him a vital asset to Latham's roster, which aims to navigate the intricacies of cross-border transactions for corporate, private equity, and capital clients.

Justin Hamill, Global Co-Chair of Latham's Mergers & Acquisitions and Private Equity Practice, expressed enthusiasm regarding Rosen's addition. He stated, "Paul’s extensive knowledge and leadership will greatly enhance our market-leading CFIUS US National Security practice. His guidance will undoubtedly be invaluable to our clients navigating evolving regulatory complexities."

Les Carnegie, co-lead of Latham's CFIUS US National Security practice, echoed this sentiment, emphasizing that Rosen's insights as a former leader of CFIUS would be crucial considering the increasing focus on foreign investment implications in today’s transaction landscape.

Rosen's Prior Government Experience

Before his tenure at the Treasury, Rosen's distinguished career encompassed several significant roles, including Chief of Staff at the Department of Homeland Security and various positions at the Department of Justice. His background in prosecuting financial crimes further contributes to his comprehensive understanding of the intersection of investment and law enforcement. As Counsel on the Senate Judiciary Committee, Rosen was involved in legislative processes related to national security and investments.

Mandy Reeves, Office Managing Partner at Latham in Washington, D.C., stated that Rosen enriches the firm with his vast experience managing crises and regulatory challenges. "Paul adds further leadership and depth to our extraordinary roster of former officials, enhancing our ability to guide clients through their most critical challenges," she noted.

Future Contributions

Rosen expressed his excitement about joining Latham, emphasizing the firm's commitment to solving complex legal challenges that occur at the intersection of transactions and national security. He looks forward to leveraging Latham's global platform and renowned cross-border transactional practice to provide top-tier legal guidance. Rosen will officially join Latham in March, further anticipating contributing to its leading regulatory, defense, and investigations practices.

Paul Rosen's transition to Latham & Watkins represents not only a personal career advancement but also a strategic enhancement for the firm's national security efforts, positioning them to better serve clients in a rapidly evolving investment landscape.