CELIS Blog
The CELIS Blog: Fueling the Conversation on Economic Security. The CELIS Blog is a unique forum for current debates on international investment control and economic security law and practice more broadly. It brings the latest developments and analysis to you. From economic security (law) experts – to economic security (law) experts.
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CELIS Special Blog Series on the Revision of the FDI Screening Regulation
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CELIS-L&G Blog Series
Introducing: the CELIS-L&G Blogseries
Welcome, readers, to the inaugural blog post of a new collaboration between the academic journal Law & Geoeconomics (L&G) and the CELIS Institute. To set the tone, we decided to ...
Continue reading Proxies, Partners, or Opponents? Rethinking Business–Government Relations in Geoeconomic Competition
Authors: Olivier Schmitt (Royal Danish Defence College), Anna Vlasiuk Nibe (University of Southern Denmark) All articles in Law & Geoeconomics are available free of charge via Brill using the access token LGEO4U until 31 ...
Continue reading Latest Blog Posts
Proxies, Partners, or Opponents? Rethinking Business–Government Relations in Geoeconomic Competition
Authors: Olivier Schmitt (Royal Danish Defence College), Anna Vlasiuk Nibe (University of Southern Denmark) All articles in Law & Geoeconomics are available free of charge via Brill using the access token LGEO4U until 31 December 2026. More details are available at the L&G page here. Introduction: From Liberalisation to Interventionism Over the past decade, regulatory practices in Western economies have shifted dramatically. The optimism of ...
Continue reading CELIS Update on Investment Screening and Economic Security – December 2025
By Helene Schramm with the help of intern Maria-Arancha Simiuc INVESTMENT SCREENING MECHANISMS Switzerland - Swiss Parliament adopts Investment Screening Act On 2 December 2025, the Swiss parliament approved an Investment Screening Act. The regime has a highly limited scope and applies only to investments made by foreign states. The law is subject to a facultative referendum. It is expected ...
Continue reading The Elephant in the Room: Subsidiarity in Investment Screening in the EU
Part 5 in the CELIS blogseries on the revision of FDI Screening Regulation 2019/45 Authors: Andrew Hill (AmCham EU[1]), and Floor Doppen (University of Antwerp) Introduction White smoke poured over Brussels on December 11th as the European Commission, Council and Parliament reached agreement on the Foreign Investment Screening Regulation (the 'Regulation'). Over the past few months, with this blog series, ...
Continue reading Building Trust, Not Barriers: Ukraine’s Path to Effective FDI Screening
By Mykyta Nota (AVELLUM, Partner), Anton Arkhypov (AVELLUM, Counsel), Mariia Bykova (AVELLUM, Associate) To most foreigners, Ukraine is the 'breadbasket of Europe' - a land of rich soil where nearly half of all exports come from agriculture. The full-scale Russian invasion in 2022 turned that image on its head, underscoring the country's engineering strength, industrial resilience, and its capacity to ...
Continue reading The “Shifting Balance” of the EU Foreign Subsidies Regulation (FSR). Some Preliminary Considerations on the ADNOC/Covestro Case and the Regulation’s Balancing Test
By Lena Hornkohl (University of Vienna) and Pierfrancesco Mattiolo (University of Antwerp) The central purpose of the EU's Foreign Subsidies Regulation (FSR) is clear: to tackle distortions in the internal market caused by subsidies granted by non-EU states. But what if these subsidy-fuelled activities not only distort but also create positive effects? How should they be measured and assessed? This ...
Continue reading Is the EU Foreign Subsidies Regulation Delivering on Its Promise After Two Years of Implementation?
By Marina Maccagno (Senior Manager EU & Competition Law, PwC Legal Italy) The EU Foreign Subsidies Regulation (FSR) has now been in force for over two years, and its implementation has proven to be quite challenging. As the dust settles, the question remains: is the FSR truly delivering on its promise of a level playing field, or is it just ...
Continue reading New guidance on the interpretation of Austrian investment control rules
By Johannes Barbist, Binder Grösswang, Regina Kröll, Binder Grösswang and Armin Nimmrichter, Binder Grösswang More than five years after the Federal Act on the Control of Foreign Direct Investments (Investment Control Act - ICA) came into force, the Federal Ministry for Economy, Energy and Tourism (Bundesministerium für Wirtschaft, Energie und Tourismus - "BMWET") has published new information on its website (only available in German) on the interpretation of the ICA. While the FAQs previously provided by the BMWET were very concise and focused primarily on formal and procedural aspects, the ...
Continue reading FDI Screening in Sweden: Broad Ambitions, Burdensome Reality
by Helene Andersson (Advokatfirman Delphi) and Elisabeth Eklund (Advokatfirman Delphi) On 1 December 2023, Sweden introduced a new foreign direct investment (FDI) screening regime, a landmark reform aligning Sweden with the broader EU framework for investment control. The system empowers the Swedish screening authority to block or impose conditions on acquisitions by non-EU actors seeking ownership or control over ...
Continue reading Introducing: the CELIS-L&G Blogseries
Welcome, readers, to the inaugural blog post of a new collaboration between the academic journal Law & Geoeconomics (L&G) and the CELIS Institute. To set the tone, we decided to sit down with some of the guiding minds behind this new series to better understand developments in geoeconomics and economic security, and to explore why this initiative is so important ...
Continue reading The long-awaited Republic of Cyprus’ FDI Screening Law is here
By Pantelis Christofides and Dr. Thomas Papadopoulos Background Details Further to the unanimous voting in favour of the FDI Screening Bill by the Plenary of the House of Representatives, the Legislative Body of the Republic of Cyprus, in the Session on the 30th of October 2025[1], the Establishment of Framework for the Foreign Direct Investment Screening Law of 2025 ...
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The CELIS Blog always welcomes posts from economic security professionals that address current issues in international investment screening and economic security law and practice. Would you like to contribute to the Blog? Please contact our editors: blog@celis.institute
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