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Clifford Chance

Clifford Chance
Karalyn  Mildorf

Karalyn Mildorf

Partner

Partner
Karalyn Mildorf

Karalyn Mildorf has nearly 20 years of experience representing clients in Committee on Foreign Investment in the United States (CFIUS) and foreign ownership, control or influence (FOCI) mitigation matters. She also advises clients on the US Outbound Investment Security Program and in national security reviews before Team Telecom.

Karalyn has advised clients on CFIUS issues in thousands of transactions covering a wide variety of industries and investor countries. She strategically guides clients through assessing national security risks for deals, transaction structuring and jurisdictional considerations, negotiation of deal terms, all stages of the CFIUS filing and review process, engagement with relevant government officials, CFIUS mitigation negotiation and implementation, CFIUS inquiries regarding non-notified transactions, and CFIUS enforcement actions.

Karalyn also has extensive experience representing clients in FOCI mitigation matters. She has negotiated, prepared, and advised regarding compliance with, and implementation of, numerous FOCI mitigation arrangements, including Special Security Agreements, Proxy Agreements, Security Control Agreements, and FOCI Board Resolutions.

Contact details

Career and qualifications

  • William & Mary (BA, Government) 2003
  • University of Virginia Law School (JD) 2006
  • Admitted as an Attorney-at-Law in DC 2007
  • Joined Clifford Chance as partner 2025

Awards and citations

  • "Karalyn is extremely professional, quick and timely with her responses."
    "Karalyn has a great and flourishing CFIUS practice."
    Chambers USA, International Trade: CFIUS Experts, 2014-2024
  • "Karalyn's ability to anticipate the needs of her clients reflects her strong commitment to staying on top of the issues."
    "Karalyn is personable and offers valuable, direct feedback."
    "Karalyn is an excellent CFIUS attorney."
    Chambers Global, International Trade: CFIUS Experts, 2017-2024
  • Legal 500 US, International Trade, Next Generation Partner, 2023-2024
  • Legal 500 US, International Trade "Key Lawyer," 2021-2024
  • The Best Lawyers in America: International Trade and Finance Law, 2022-2025
  • Top Advisor by Foreign Investment Watch 2024
  • Expert, Who's Who Legal - M&A and Governance: Foreign Investment Control, 2019-2025
  • Karalyn Mildorf "exemplifies the best of the legal profession due to her unparalleled knowledge, professionalism, and ability to connect with clients that allows her to anticipate their needs."
    Featured in Who's Who Legal – Thought Leaders USA, 2025