Topic: Foreign direct investment

UK lawmakers call for “strictest possible scrutiny” of OneWeb/Eutelsat

A group of lawmakers in the UK has urged the government “to conduct the strictest possible scrutiny” of domestic satellite service provider OneWeb’s planned merger with French rival Eutelsat under the country’s foreign investment review regime.

20 October 2022

Canada: foreign investment review

Featured in Americas Antitrust Review 2023

The Investment Canada Act governs foreign investment in Canadian businesses, requiring notification or approval if investments meet certain structural or monetary thresholds and regulating net benefit and national security reviews, respectively.

30 September 2022

Lawmaker urges CFIUS to force TikTok divestiture from ByteDance

Republican senator Josh Hawley has urged the Committee on Foreign Investment in the United States to force popular social media platform TikTok to sever all ties with its parent company, Beijing-based ByteDance.

21 September 2022

Biden issues landmark executive order on CFIUS national security factors

President Joe Biden has issued a first-of-its-kind executive order expanding on the existing list of factors that the Committee on Foreign Investment in the United States should consider when reviewing deals for national security concerns.

20 September 2022

Energy deal collapses in US due to foreign investment scrutiny

A Swiss company that invests in renewable energy and environmental protection technologies has abandoned its planned purchase of a US-based eco-friendly oil producer after failing to secure foreign investment control approval.

30 August 2022

UK blocks another “Chinese” acquisition on national security grounds

The UK government has blocked the acquisition of a British electronic design company by a Hong Kong-based business over national security concerns, marking the second time in less than a month it has prohibited a merger under its new foreign investment regime.

18 August 2022

UK lawmaker warns of conflict of interest in OneWeb/Eutelsat review

A UK politician has raised concerns that the country’s business secretary has a conflict of interest in leading the national security review of satellite services provider OneWeb’s merger with French rival Eutelsat, since he also oversees the government’s stake in the former.

02 August 2022

New foreign investment rules take effect in Canada

Canada has implemented a voluntary notification mechanism under the national security provisions of its foreign investment control law, which obliges the government to decide whether it will take action on deals within 45 days of a filing.

02 August 2022

Australia doubles foreign investment fees

The Australian government has doubled the filing fees for foreign investors acquiring domestic assets, including for deals subject to national security reviews.

26 July 2022

UK issues first IP acquisition block over national security concerns

The UK government has blocked a Chinese technology company’s planned purchase of cutting-edge vision processing technology from the University of Manchester, marking the first time it has prohibited a deal under the country’s new foreign investment screening regime.

21 July 2022

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