Posts Tagged ‘CELIS-CONTENT-Newsfeed’
CELIS Update on Investment Screening and Economic Security – March 2026
By Helene Schramm with the assistance of interns Reet Sodhi and Aditi Singh INVESTMENT SCREENING MECHANISMS European Union – Revised EU FDI Screening Regulation Moves Toward Final Approval On 10 February 2026, the draft of the new EU FDI Screening Regulation (“Proposal”), emerging from trialogue negotiations, was published following approval by the Permanent Representatives Committee. The Presidency…
Read More ...The Horizon of Investment Screening in Ukraine
Authors: Anton Arkhypov, John Kay, Mariia Bykova, Mykyta Nota and Simon Sharghi-Erdmosa. Introduction In a newly published report produced by CELIS in collaboration with the Center for International Private Enterprise (CIPE), we examine Ukraine’s emerging foreign direct investment (FDI) screening framework at a critical moment for the country’s post-war reconstruction. We analyse Ukraine’s two draft…
Read More ...Who Manufactured the EU’s Trade Bazooka? ACI, ECFR, and the Geoeconomic Policy-Making
Author: Jaša Veselinovič (Research Associate, Vrije Universiteit Amsterdam) Introduction In response to Donald Trump’s intensifying desire to ‘acquire’ Greenland, the EU adopted an open-carry attitude to its “trade bazooka”. The Anti-Coercion Instrument (ACI) has been brandished more openly by European political elites with encouragement from across the Atlantic by the likes of Paul Krugman and…
Read More ...France’s FDI Regime: Recent Decisions Signal More Oversight
Author: Wesley Lainé (Associate, Skadden) Introduction France is a top destination for foreign direct investment (FDI) in Europe, attracting significant inflows through cross-border mergers and acquisitions (M&A). However, like most open economies, France has sought to balance its commitment to open markets with the need to protect its national interests. Achieving this balance—which has evolved…
Read More ...Authorities at the helm – Developing investment screening capabilities in Belgium – An interview with Anne Bonet
Part 1 in the CELIS blogseries ‘Authorities at the helm’ Author: Floor Doppen Introduction In the European Union (‘EU’), investment screening regulation has proliferated in the past five years. Many member states developed new administrative capabilities, struggled to develop the governance capabilities to screen investments efficiently, were tasked with explaining to colleagues, firms, lawyers and…
Read More ...CFIUS’s Known Investor Program: A New Chapter in Foreign Investment Screening
Author: Anonymous Introduction / Context The Committee on Foreign Investment in the United States (“CFIUS”) previously announced a “Known Investor Program” to streamline the U.S. foreign investment review process. Under the program, certain repeat, low-risk foreign investors may provide detailed information to CFIUS in advance of any specific deal. By collecting and assessing detailed information…
Read More ...CELIS Update on Investment Screening and Economic Security – January 2026
By Helene Schramm with the help of intern Maria-Arancha Simiuc INVESTMENT SCREENING MECHANISMS United States – Washington Targets Sensitive Tech Investment Abroad Under New COINS Act On 18 December 2025, the Comprehensive Outbound Investment National Security (COINS) Act 2025 was signed into law as part of the Fiscal Year 2026 National Defense Authorization Act. The Act requires enforcement by the Department…
Read More ...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…
Read More ...CELIS Update on Investment Screening and Economic Security – November 2025
By Helene Schramm with the help of intern Maria-Arancha Simiuc INVESTMENT SCREENING MECHANISMS Cyprus – Cyprus Adopts First Comprehensive FDI Screening Law The Republic of Cyprus has enacted its first comprehensive Foreign Direct Investment Screening Law on 14 November 2025, entering into force on 2 April 2026. The new framework introduces mandatory prior…
Read More ...The Devil is in the Details – The Real Screening Report
Part 4 in the CELIS blogseries on the revision of FDI Screening Regulation 2019/452. Authors: Floor Doppen (University of Antwerp), Andrew Hill (AmCham EU, Brussels) Introduction The Commission published its 5th Annual Report on FDI Screening on October 14th (‘the Report’). This report is eagerly awaited every year by many stakeholders as a major source of…
Read More ...CELIS Update on Investment Screening and Economic Security – October 2025
By Helene Schramm with the help of interns Parth Aggarwal and Maria-Arancha Simiuc INVESTMENT SCREENING MECHANISMS Croatia – Croatia Moves to Tighten Foreign Investment Rules Under Draft Screening Act The Croatian Ministry of Finance has published a draft proposal for a new Foreign Direct Investment (“FDI”) Screening Act (“draft Act”) aimed at establishing…
Read More ...Belgium’s Second Annual FDI Screening Report: A Balance Between Openness and National Security
By Joost Haans & Sander De Volder, DLA Piper UK LLP (Brussels) Belgium’s second annual report on its foreign direct investment screening mechanism, which was published on 12 September 2025 and covers the period July 2024 to June 2025, offers more than just numbers. It is a snapshot of how one of Europe’s most open…
Read More ...CELIS Update on Investment Screening and Economic Security – September 2025
by Helene Schramm with the help of intern Parth Aggarwal INVESTMENT SCREENING MECHANISMS Hungary – Update of Hungarian FDI Screening Framework with Adoption of Act L of 2025 On 19 August 2025, Hungary enacted Act L of 2025, repealing the government decrees that had established the ‘Special FDI Screening Regime’ during the national…
Read More ...CELIS Update on Investment Screening and Economic Security – August 2025
by Helene Schramm and Órlaith Higgins INVESTMENT SCREENING MECHANISMS Republic of Cyprus – Cyprus moves to align with EU by introducing FDI screening framework Cyprus has finally begun to remedy the absence of its FDI screening regime amid efforts to harmonize European foreign direct investment (“FDI”) screening with its submission of the bill entitled “the Establishment…
Read More ...CELIS Update on Investment Screening and Economic Security – June 2025
by Helene Schramm with the help of intern Parth Aggarwal INVESTMENT SCREENING MECHANISMS European Union – Commencement of trilogue discussions on the revision of the EU FDI screening regulation In January 2025, the European Commission unveiled a proposal to overhaul the EU’s Foreign Direct Investment (FDI) screening regulation (Regulation 2019/452), aiming to strengthen…
Read More ...CELIS Update on Investment Screening and Economic Security – May 2025
by Helene Schramm INVESTMENT SCREENING MECHANISMS European Union – European Parliament approves proposal for a wide framework for screening of foreign direct investments On 8 May 2025, the European Parliament adopted the proposal of a major reform of the Foreign Investment Screening Regulation, aimed at protecting strategic EU sectors from foreign threats. The…
Read More ...CELIS Update on Investment Screening and Economic Security – April 2025
by Helene Schramm INVESTMENT SCREENING MECHANISMS European Union – European Commission publishes first in-depth decision on the Foreign Subsidies Regulation in e&/PPF On 4 April 2025, the European Commission issued its first conditional Phase II decision under Regulation (EU) 2022/2560 – the Foreign Subsidies Regulation (“FSR”) – in the acquisition of PPF Telecom by Emirates…
Read More ...Trump Administration Signals Material Updates to CFIUS and Outbound Investment Regulations
By Adam M. Smith, Stephenie Gosnell Handler, David Wolber, Michelle Weinbaum, Dharak Bhavsar, and Chris Mullen. On February 21, 2025, the White House issued a National Security Presidential Memorandum titled the “America First Investment Policy” (the “America First Investment memo”) and accompanying fact sheet (Fact Sheet) proposing material changes to the U.S. foreign direct…
Read More ...The First Annual Report on Dual-Use Export Controls
By Kwinten Dewaele, Research Affiliate at KU Leuven (Institute for Contract Law) Introduction Article 26 of Regulation (EU) 2021/821 (“the Regulation”) obliges the European Commission to publish an annual report on the implementation of the Regulation and the activities of the Dual-Use Coordination Group (DUCG). Similar obligations related to FDI screening exist (see Article…
Read More ...Transatlantic Insecurity: Revaluation of Economic Security Policy’s Business Impacts Amid US-European Turbulence
By John Kay* The recent foreign policy shifts in Washington have triggered a radical reassessment of the U.S.-European relationship, creating an evolving landscape that the transatlantic business community must closely monitor. U.S. investments in the EU are valued at approximately $3.95 trillion, and the two economies have the world’s largest trade and investment relationship.…
Read More ...The Application of Italian FDI Law to the Creation of Pledges: Monitoring the Reasonable Management of the Company.
by Andrea Gemmi, Associate, BonelliErede; PhD Candidate, University of Padova and Luca Perfetti, Partner, BonelliErede; Full Professor, Pegaso University The article illustrates how the use of vague and indeterminate clauses in the Italian FDI screening law grounds an expansive and unpredictable practice by the FDI authority. In particular, the article addresses the example of…
Read More ...CELIS Update on Investment Screening and Economic Security – February 2025
by Helene Schramm with the help of intern Surbhi Gupta INVESTMENT SCREENING MECHANISMS European Union – European Economic Area’s Standing Committee of the EFTA States comments on the Proposal for a regulation on the screening of foreign investments in the Union On 25 February 2025, the European Economic Area (EEA) European Free Trade Association…
Read More ...CELIS Update on Investment Screening and Economic Security – January 2025
by Helene Schramm with the help of intern Surbhi Gupta ECONOMIC SECURITY STRATEGIES European Union – Commission Recommendation calling on EU Member States to review outbound investments into non EU-countries As Foreign Direct Investment (FDI) regimes have expanded globally in recent years, concerns have also risen about the economic security risks posed by…
Read More ...CELIS Update on Investment Screening – December 2024
European Union – European Commission refers the United Kingdom to the Court of Justice of the European Union for failure to terminate intra-EU BITs On 16 December 2024, the European Commission decided to refer the United Kingdom to the Court of Justice of the European Union (CJEU) for failing to terminate its Bilateral Investment Treaties…
Read More ...CELIS Update on Investment Screening – November 2024
Global – Publication of 31st UNCTAD-OECD Report on G20 Investment Measures On 13 November 2024, the United Nations Trade and Development (UNCTAD) and the Organisation for Economic Co-operation and Development (OECD) released the 31st Report on G20 Investment Measures (“Report”). The Report documents measures taken by the G20 governments between 16 October 2023 and 15…
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