CELIS Country Notes and Reports

The CELIS Country Report project aims to provide well-informed, open access analysis on foreign investment regulation, with a particular focus on investment screening in various jurisdictions. We publish concise overviews of national foreign investment screening regimes, called CELIS Country Notes, more detailed analysis on specific issues relating to these regimes, called CELIS Issue Notes, and comprehensive, in-depth reports, called CELIS Country Reports. All publications are peer-reviewed and edited by the team of the CELIS Institute to ensure a high-quality  standard of research.

If you are interested and want to know more about the project, feel free to get in touch with our Director Lena Hornkohl at lh [at] celis.institute. Our CELIS Country Reporters are presented here.

Country Note Mexico 2024

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CELIS Country Note on Mexico, 2024 by Galo Marquez, CELIS Assistant Country Reporter for Mexico Mexico's complex regulatory landscape for foreign investment, needs an examination ...
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Country Note Spain 2024

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CELIS Country Note on Spain, 2024 by Jesús García Aparicio and Paula Arroyo, CELIS Country Reporter for Spain Foreign investments in Spain have been liberalized since ...
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Country Note Albania 2024

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CELIS Country Note on Albania, 2024 by Elvis Zerva, CELIS Assistant Country Reporter for Albania This Note provides background on the FDIs system in Albania ...
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Country Note Hungary 2024

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CELIS Country Note on Hungary, 2024 by Csongor István Nagy and Bálint Kovács, CELIS Country Reporter for Hungary The framework for investment screening in Hungary ...
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Country Note Romania 2024

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CELIS Country Note on Romania, 2024 by Georgiana Badescu and Cristiana Manea, CELIS Country Reporter for Romania Romania implemented the Regulation (EU) 2019/452 of the ...
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Country Report Australia 2023

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CELIS Country Report on Australia, 2023 by Tania Voon. Australia was one of the first countries to introduce a mechanism for the ‘screening’ or approval ...
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Country Note the Netherlands 2023

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CELIS Country Note on the Netherlands, 2023 by Wessel Geuerns and Jochem de Kok, CELIS Country Reporters for the Netherlands. The Dutch framework for investment ...
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Country Note Serbia 2023

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CELIS Country Note on Serbia, 2023 by Luka Marosiuk Date of Publication: 25 October 2023 The Republic of Serbia promotes itself as an open country ...
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Country Note Belgium 2023

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CELIS Country Note on Belgium, 2023 by Thijs de Cuyper Date of Publication: 25 October 2023 The Belgian cross-sectoral Investment Screening Mechanism (ISM) has recently ...
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Country Note Norway 2023

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CELIS Country Note on Norway, 2023 by Charlotte Hafstad Date of Publication: 25 October 2023 Since 1 January 2019, investments in Norwegian companies that are ...
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Country Note Azerbaijan 2023

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CELIS Country Note on Azerbaijan, 2023 by Safar Safarli Date of Publication: 14 August 2023 This Country Note includes an overview of the current FDI ...
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Country Note Poland 2023

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CELIS Country Note on Poland, 2023 by Maria Kalinowska and Marek Jaśkowski Date of Publication: 14 August 2023 The Note contains basic information on the ...
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Country Note Bulgaria 2023

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CELIS Country Note on Bulgaria, 2023 by Iliana Boycheva Date of Publication: 14 August 2023 Bulgaria has taken some steps to ensure compliance with the ...
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Country Note China 2023

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CELIS Country Note on China, 2023 by Dr Cheng Bian and Mr Charles Ho Wang Mak Date of Publication 31.07.2023 Abstract In recent years much ...
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Country Note Czech Republic 2023

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CELIS Country Note on Czech Republic, 2023 by Ondřej Svoboda Date of Publication 31.07.2023 Abstract The Czech Republic introduced its new investment screening mechanism in ...
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Country Note Portugal 2023

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CELIS Country Note on Portugal, 2023 by Suzana Tavares da Silva and Marta Vicente Date of Publication 27.07.2023 Abstract The 2010 financial crisis was a ...
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Country Note Slovakia 2023

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CELIS Country Note on the Slovak Republic, 2023 by Matej Šimalčík, Central European Institute of Asian Studies, Nechala and Partners Date of Publication 06.07.2023 Abstract This paper highlights ...
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Country Note Denmark 2023

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CELIS Country Note on Denmark, 2023 by Rebecca Vikjær-Andresen (Attorney and partner at Poul Schmith Law Firm) and Hussain Raja Abdullah (Lawyer at the Capital Region of Denmark) ...
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CELIS Resources

Legislative, judicial, and administrative resources from the EU and governments around the world, including also material from international organisations.

Legislative

Judicial

Administrative

European Commission – Summary results of the Targeted consultation on the evaluation and revision of the EU FDI Regulation (28 November 2023) (English)

The European Commission has completed its assessment of the framework for the screening of Foreign Direct Investment and has published ...

European Commission information on Regulation (EU) 2019/452 of the European Parliament and...

Guidance by the European Commission to the Member States on the application of the Regulation, March 2020. Factsheet by the ...

Legislative

Judicial

Administrative

Ireland – Inward Investment Screening Notification Form (February 2024) (English)

On 16 February 2024, the Department of Enterprise, Trade and Employment published the Draft Guidance on the Irish Screening of ...

German Monopolies Commission, Chinese state capitalism: A challenge for the European marke...

Excerpt from Chapter I of the Biennial Report XXIII of the Monopolies Commission (“Competition 2020”), 29 July 2020 ...

Singapore – Significant Investments Review Bill (2023) (English)

On 9 January 2024, the Singapore government passes a new Significant Investments Review Bill (“SIRB”), which allows the Minister to ...

Norway – Official Norwegian Report 2023: 28 (Norwegian)

https://www.regjeringen.no/contentassets/d48b7fedaa21484cb1f33e118bcd1162/no/pdfs/nou202320230028000dddpdfs.pdf A Government appointed Commission proposed significant changes to the Norwegian FDI regime. The Investment Control Commission was appointed by ...

United Kingdom – Decision Acquisition of GE Oil & Gas Marine & Industrial UK Ltd and GE St...

The UK Government decided on the acquisition of GE Oil & Gar Marine & Industrial UK Ltd and GE Steam ...

UNCTAD – SDG Investment Trends Monitor, Issue 4 (September 2023)

The UNCTAD SDG Investment Trends Monitor makes SDG investment as it is growing, but too slowly, subject of discussion, as ...

UNCTAD – SDG Investment Trends Monitor, Issue 2 (December 2020)

Among other developments, the UNCTAD SDG Investment Trends Monitor makes international SDG investment flows to developing economies being down by ...

UNCTAD – World Investment Report 2023

The report's recommendations are an important guide to boosting climate finance and investment in developing countries - one of the ...

Academic contributions, published, as working papers as well as calls for paper.

Mavlluda Sattorova, EU investment law at a crossroads: Open strategic autonomy in times of heightened security concerns

Common Market Law Review, Volume 60, Issue 3 (2023)  pp. 701-732 ...

Marc Bungenberg and Bianca Böhme, Under the Radar-The Return of Member States in EU Investment Policy

Journal of International Economic Law, Volume 25, Issue 4, December 2022, pages 627–642 ...

Johannes Ketola, Foreign direct investment screening – security, public order and key national interest : An analysis of...

Master thesis, University of Helsinki, Faculty of Law, 14 December 2022 ...

Sophie Meunier, The End of Naivety: Assertiveness and New Instruments in EU Trade and Investment Policy

European University Institute, Robert Schuman Centre, Policy Brief 2022/55 ...

CELIS Proprietary Material

More original CELIS Institute research and exclusive material will be added over time.

Material originating from CELIS Community Members will be displayed here. For how to become a CELIS Member, please see here.

Material from CELIS Community Members

Government, academic, and other material dealing with the EU.

EU – In Depth Analysis: European Economic Security: Current practices and further developm...

On 2 May 2024, the European Commission published its In-Depth Analysis „European Economic Security: Current practices and future developments", placing ...

EU – Special report by the European Court of Auditors

https://www.eca.europa.eu/ECAPublications/SR-2023-27/SR-2023-27_EN.pdf The European Court of Auditors published a special report concerning screening foreign direct investments in the EU. The main ...

European Commission – Summary results of the Targeted consultation on the evaluation and r...

The European Commission has completed its assessment of the framework for the screening of Foreign Direct Investment and has published ...

EU – Chips Act (8 February 2022)

The final proposal for a Regulation of the European Parliament and of the Council establishing a framework of measures for ...

Luxembourg – FDI Regime (14 July 2023) (French)

The Luxembourg law of 14 July 2023 introduces a new foreign direct investment regime with a suspensory mandatory notification requirement ...

Frank Hoffmeister, Strategic autonomy in the European Union’s external relations law, Comm...

Common Market Law Review, Volume 60, Issue 3 (2023)  pp. 667-700 ...

Government, academic, and other material dealing with the EU-Member States.

Belgium – Guidance on the application of the Belgian FDI screening regime (4 April 2024) (...

On 4 April 2024, the Interfederal Screening Commission (ISC) published guidelines to provide further clarification on the Belgian rules on ...

Ireland – Inward Investment Screening Notification Form (February 2024) (English)

On 16 February 2024, the Department of Enterprise, Trade and Employment published the Draft Guidance on the Irish Screening of ...

France – Décret n° 2023-1293 (19 December 2023) (French)

On 28 December 2023, a decree and a ministerial order was issued that extends the French FDI regime, which came ...

Hungary – Decree No. 566/2023 (14 December 2023) (Hungarian)

The Hungarian government has issued a new Government Decree No. 566/2023 (XII. 14.) amending certain provisions of Government Decree No ...

Germany – Special Fees Ordinance (German)

https://www.recht.bund.de/bgbl/1/2023/248/VO.html On 15 September 2023, the Special Fees Ordinance of the Federal Ministry of Economics and Climate Protection ("BMWK") and ...

Sweden – Foreign Direct Investment Act (September 2023) (Swedish)

On 13 September 2023, the Swedish Parliament enacted a new FDI Act, which introduces a mechanism for screening foreign direct ...

Government, academic, and other material dealing with Non-EU States and international organisations.

Singapore – Significant Investments Review Bill (2023) (English)

On 9 January 2024, the Singapore government passes a new Significant Investments Review Bill (“SIRB”), which allows the Minister to ...

Norway – Official Norwegian Report 2023: 28 (Norwegian)

https://www.regjeringen.no/contentassets/d48b7fedaa21484cb1f33e118bcd1162/no/pdfs/nou202320230028000dddpdfs.pdf A Government appointed Commission proposed significant changes to the Norwegian FDI regime. The Investment Control Commission was appointed by ...

UNCTAD – SDG Investment Trends Monitor, Issue 4 (September 2023)

The UNCTAD SDG Investment Trends Monitor makes SDG investment as it is growing, but too slowly, subject of discussion, as ...

UNCTAD – SDG Investment Trends Monitor, Issue 2 (December 2020)

Among other developments, the UNCTAD SDG Investment Trends Monitor makes international SDG investment flows to developing economies being down by ...

UNCTAD – World Investment Report 2023

The report's recommendations are an important guide to boosting climate finance and investment in developing countries - one of the ...

UNCTAD – World Investment Report 2022

The World Investment Report supports policymakers by monitoring global and regional investment trend and national and international investment policy developments ...

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