U.S. Is Expanding Power to Block Chinese Firms. HNA Was Already No Match.
Paul Werner, a Washington, D.C. based partner, comments on HNA's attempt to acquire a division of Ness Technologies. Representing Ness, Werner says they "terminated based on a breach," and that, "We tried to obtain Cfius approval. But ultimately it became clear that [HNA] poisoned the process and frustrated the Cfius review.”