Dubai Firm Taps Lobbyist on U.S. Reviews
Dubai Firm Taps Barbour Griffith & Rogers to Help With U.S. Reviews of Foreign Investments

A multi-agency panel focuses on proposed transactions in which foreign investors gain ownership _ usually 10 percent or higher _ in U.S. companies. In July, President Bush signed a law to reinforce the review process by giving legal status to CFIUS and requiring all the agency’s heads to sign decisions and report more to Congress.EW YORK (Associated Press) – Dubai International Capital LLC, an investment firm whose parent company is owned by the Dubai government, hired Barbour Griffith & Rogers LLC to provide advice on U.S government scrutiny of proposed foreign investment, according to a disclosure form.

The firm was hired to “provide guidance and counsel” related to the national security review process conducted by the Committee on Foreign Investment in the United States, according to the form posted online Dec. 14 by the Senate’s public records office.

The change followed intense political opposition to federal approval that was given to another Dubai-controlled company, DP World, to manage six U.S. ports in 2006. Critics said that company, which sold its U.S. port operations to a U.S. based company in 2007, could not be trusted running the security-sensitive shipping apparatus.

Dubai International Capital, one of 19 subsidiaries of Dubai Holding LLC, owns about a 10 percent stake in New York-based hedge fund Och-Ziff Capital Management Group, which went public in November.

A majority of Dubai Holding is owned by a members of the ruling family of Dubai, one of the seven territories that make up the United Arab Emirates.

Walker Roberts, who was deputy staff director for the House International Relations Committee under former Rep. Henry Hyde, R-Ill., is registered to lobby for Dubai International Capital.

Lobbyists are required to disclose activities that could influence members of the executive and legislative branches, under a federal law enacted in 1995. They must register with Congress within 45 days of being hired or engaging in lobbying. Top of page

 

Comments are closed.

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!