OECD addresses issue of sovereign wealth funds

The Organisation for Economic Co-operation and Development, a group composed largely of wealthy nations, plans to urge its members not to use national security concerns as an excuse to block investments from sovereign-wealth funds.

The growth of sovereign-wealth fund investments raise "legitimate concerns in recipient countries about protecting national security," said the OECD report. But such concerns "should not be a general escape clause from [countries'] commitments to open investment policies."

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump