Hart-Scott-Rodino (HSR) Act Foreign Exemptions (Rules 802.50 and 802.51)

Summary

This checklist provides a reference to determine the applicability of the Rule 802.50 and Rule 802.51 exemptions, also called the "foreign exemptions," to the Hart-Scott-Rodino (HSR) Act, 15 U.S.C. § 18a. These exemptions govern transactions that involve the acquisition of either non-U.S. assets (802.50) or voting securities of non-U.S. entities (802.51). In either case, the applicability of the foreign exemptions is determined in large part by the total assets or net sales of the target company and the extent to which the transaction is relevant to U.S. commerce.