CELIS Update on Investment Screening – September 2024

CELIS Update on Investment Screening - September 2024

European Union – European Commission has granted conditional approval in first in-depth review for an M&A transaction On 24 September 2024, the European Commission has approved the acquisition by Emirates Telecommunications Group Company PJSC (ETGC) of sole control of PPF Telecom Group B.V. (PPF), excluding its Czech business, under the Foreign Subsidies Regulation. The approval is conditional on…

Read More ...

CELIS Update on Investment Screening – August 2024

EU – European Commission publishes Commission Staff Working Document giving clarifications on the application of Art. 4 (1), Article 6 and Article 27(1) of Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market On 26 July 2024, the European Commission (“EC”) published the Commission Staff Working Document on foreign subsidies distorting the internal market…

Read More ...

CELIS Update on Investment Screening – July 2024

Romania – Romanian Parliament introduces new law revising and reinforcing the approach towards EU investors On 17 July 2024, the President of Romania officially promulgated the new law Nr. 231. It took effect three days after its publication in the Official Gazette on 18 July 2024. One of the most important aspects of the new…

Read More ...

CELIS Update on Investment Screening – June 2024

European Union – European Commission opens first in-depth investigation On 10 June 2024, the European Commission (EC) opened its first in-depth investigation into the planned acquisition of sole control of PPF Telecom Group (PPF), a European telecommunications company headquartered in Czechia, by a state-controlled buyer from the United Arab Emirates (UAE), the Emirates Telecommunications Group…

Read More ...

CELIS Update on Investment Screening – May 2024

Netherlands – First interim relief court ruling to restrict the retroactive FDI enforcement by Dutch Minister Only two weeks after the Investments, Mergers and Acquisitions Act (FDI Act) came into force on 15 June 2023, the Minister made use of the possibility under the FDI Act to retroactively ‘call-in’ transactions that took place before the…

Read More ...

Ties that bind: A Transatlantic approach to investment screening and economic security

Washington, D.C., 05.07.2024 – Today, the CELIS Institute, in collaboration with the Center for International Private Enterprise (CIPE), hosted a key event, focusing on investment screening and national security issues across the US and EU. This high-level conference, aimed at reinforcing transatlantic economic security ties, brought together government officials, business leaders, and experts from finance,…

Read More ...

CELIS Update on Investment Screening – April 2024

United Kingdom – Response of the UK Government to the Cabinet Office’s ‘call for evidence’ The UK Government published its response to the Cabinet Office’s ‘call for evidence’ on the National Security and Investment Act 2021 in April 2024. The UK’s new National Security and Investment Act (NSI) came into force on 4 January 2022,…

Read More ...

CELIS Update on Investment Screening – February 2024

Ireland – Draft Guidance and Notification Form on the Irish Screening of Third Country Transactions Act 2023 On 16 February 2024, the Department of Enterprise, Trade and Employment published the Draft Guidance on the Irish Screening of Third Country Transactions Act 2023, as well as a Draft Notification Form. The regime is expected to enter…

Read More ...

CELIS Update on Investment Screening – January 2024

EU –European Commission announces new economic security initiatives On 24 January 2024, the European Commission announced five initiatives aimed at enhancing EU economic security in the face of risks from profound technological shifts and increased geopolitical tensions. These initiatives follow on from the publication of the European Economic Security Strategy in June 2023. Amongst others,…

Read More ...

CELIS Update on Investment Screening – December 2023

Romania – New Amendments to the Romanian FDI regime On 6 December 2023 the Government Emergency Ordinance no. 108/2023 (“GEO 108/2023) was published in the Official Gazette. GEO 108/2023 provides for new amendments to Romania’s Competition Law no. 21/1996, aimed at fully transposing the EU Directive 1/2019 into local law. Main legislative changes include the…

Read More ...

CELIS Update on Investment Screening – November 2023

Ireland – Introduction of a new FDI screening regime on 31 October 2023 On 31 October 2023, the Screening of Third Country Transactions Act 2023 was signed into law. Since the initial draft was published on 2 August 2022, the Act has undergone a series of amendments during the course of 2023,. Therewith, for the…

Read More ...

CELIS Update on Investment Screening – October 2023

Germany – Upcoming Investment Screening Act and the 20th Amendment to the AWV There is a new Investment Screening Act upcoming in Germany – the new law is expected to separate the foreign direct investment screening rules from the German Foreign Trade Laws (contained in AWG and AWV), restructuring them into an isolated law. A…

Read More ...

CELIS Update on Investment Screening – September 2023

CELIS Update on Investment Screening - September 2023

Estonia – FDI regime coming into force on 1 September 2023 Several FDI regimes came into force at the beginning of the month of September 2023. The Estonian Act establishing a new FDI regime in Estonia came into force on 1 September 2023. The Estonian Parliament adopted the Foreign Investment Reliability Assessment Act on 25…

Read More ...

CELIS Update on Investment Screening – August 2023

Luxembourg – FDI Regime coming into force on 1 September 2023 The Luxembourg law of 14 July 2023 introduces a new foreign direct investment regime with a suspensory mandatory notification requirement in relation to investments in a broad range of sectors. Luxembourg is the latest European jurisdiction to pass broad FDI legislation and its FDI…

Read More ...