Posts Tagged ‘Europe’
Marking a New Investment Era in Sweden: The Upcoming Swedish FDI Regime
By Pouya Ghotbi, Wistrand Advokatbyrå Background In 1916, the Swedish government introduced a piece of legislation restricting the right of foreigners to invest in Sweden. During the 1970s and early 1980s, the legislation was further tightened, making it difficult for foreigners to acquire businesses in Sweden without government scrutiny. The Act was abolished 1991,…
Read More ...European Commission – Summary results of the Targeted consultation on the evaluation and revision of the EU FDI Regulation (28 November 2023) (English)
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Read More ...Sweden – Foreign Direct Investment Act (September 2023) (Swedish)
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Read More ...Ireland – Screening of Third Country Transactions Act (English)
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Read More ...Taking due process seriously – The Administrative Court of Berlin doubles down on FDI procedural rules
By Jonas Fechter, University of Münster / CELIS Deputy Assistant Director I. Introduction Investment screening is infamous for the low number of judicial proceedings that have challenged the legality of the prohibition and mitigation measures imposed by governments. As a result, there is, as yet, no strong body of case law clarifying how investment screening…
Read More ...Germany – 20th Ordinance amending the German Foreign Trade and Payments Ordinance (27 September 2023) (English)
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Read More ...Country Note Serbia 2023
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 and tries to attract as much foreign investments as possible, from various sources and in various fields. In the last year (2022), the Republic of Serbia attracted numerous foreign direct…
Read More ...Country Note Belgium 2023
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 entered into force. The objective of this mechanism is to identify and mitigate risks related to Foreign Direct Investments in Belgian critical infrastructure and strategic assets. The journey towards creating…
Read More ...Country Note Norway 2023
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 subject to the Security Act, have been screened by Norwegian authorities. The screening provisions of Chapter 10 in the Security Act have recently been amended, though they has not entered…
Read More ...Evaluation Report on Amendments to the German Investment Screening Mechanism
By Jonas Fechter, University of Münster / CELIS Deputy Assistant Director I. Legislative changes and reporting duties Over the past couple of years, investment screening has become a central legislative instrument for promoting security and public order in many Western countries. When Germany first introduced its two-tier screening system in 2004 (military sector) and…
Read More ...The ECJ’s Judgment in Xella – Judicial Cherry Picking?
By Alexia Crivoi, Vienna University of Economics and Business Introduction In the much-discussed Xella judgment of July 13 2023, the Court of Justice decided two things: that the scope of the EU FDI Screening Regulation does not extend to ‘indirect FDI’, rejecting arguments relating to the company structure of an EU-based but foreign-owned investor…
Read More ...Estonia – Foreign Investment Reliability Assessment Act of 25 January 2023
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Read More ...Sweden – Guide to Sweden’s New FDI Regime
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Read More ...EU – Chips Act (8 February 2022)
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Read More ...Luxembourg – FDI Regime (14 July 2023) (French)
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Read More ...United Kingdom – Decision Acquisition of GE Oil & Gas Marine & Industrial UK Ltd and GE Steam Power Ltd by EDF Energy Holdings Ltd via its wholly owned subsidiary, GEAST UK Ltd: notice of Final Order, 7 August 2023
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Read More ...Turkey – Foreign Direct Investment Strategy of Turkey 2021-2023
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Read More ...Romania – Law No. 164, introducing changes to FDI Screening mechanism, May 2023
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Read More ...Czech Republic – Act No. 34/2021 Coll. on Screening of Foreign Investments, May 2021
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Read More ...Slovakia – Act No. 497/2022, Foreign Investment Screening Act
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Read More ...Frank Hoffmeister, Strategic autonomy in the European Union’s external relations law, Common Market Law Review, Vol. 60, Issue 3 (2023), 667-670.
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Read More ...Country Note Poland 2023
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 political background of FDI screening in Poland, the Polish FDI screening mechanism and framework, including protected entities, grounds for issuing objection against a planned investment, and the procedure. A noteworthy…
Read More ...Country Note Bulgaria 2023
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 EU’s FDI Regulation. An analysis of the legislation in Bulgaria shows that there are laws that provide for screening-like elements for foreign investments/investors. However, the country is one of the…
Read More ...National Interest and Freedom of Establishment: The CJEU’s Judgment in Xella
By Bálint Kovács In its judgment[1] published on 13 July 2023, the Court of Justice of the European Union (CJEU) ruled that Hungary’s decision to prohibit an investment by a foreign-owned Hungarian company aiming to acquire a Hungarian company violated the freedom of establishment. The prohibition involved the use of the novel foreign direct investment…
Read More ...Czech Republic – Act No. 34/2021 Coll. on Screening of Foreign Investments, entered into force on 1 May 2021
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