Topic: Foreign direct investment

Attorneys perplexed by PGA Tour/LIV Golf

The PGA Tour’s controversial proposal to combine with LIV Golf has baffled competition experts searching for signs of antitrust counsel.

09 June 2023

CFIUS official: US will not use national security tools to stunt China’s growth

The US government will not use foreign investment tools to gain a competitive advantage over China but is fully aware of the “significant challenge” the country poses to economic and national security interests, a top official at the US Department of the Treasury has said

02 June 2023

Dutch foreign investment regime goes live

Local lawyers have raised concerns about the retroactive nature of the Netherlands' new foreign investment screening regime, which requires the notification of deals involving sensitive technologies and vital suppliers.

02 June 2023

TikTok reveals inner workings to allay national security concerns

TikTok has granted Texas-based technology company Oracle access to its source code, algorithm and content moderation material as part of an ongoing effort to quell national security concerns in the US.

25 May 2023

Proposed telecoms changes could lead to spike in US national security reviews

A US Federal Communications Commission proposal to mandate up-to-date foreign ownership information of telecommunications licences could lead to a proliferation of national security reviews, a former government official has said.

11 May 2023

Glencore/Teck would face significant foreign investment scrutiny

The Canadian government has indicated Glencore’s proposed €20.8 billion bid to acquire domestic mining company Teck Resources would face a “rigorous” foreign investment review as opposition politicians urge it to block any deal between the two companies.

04 May 2023

UK updates foreign investment guidance

The UK government has issued new guidance on the implementation of the National Security and Investment Act, clarifying its approach to transactions involving companies in financial distress and the use of interim measures.

02 May 2023

China-linked lithium mine buyer refiles for Australian foreign investment clearance

A company with links to China has pulled and refiled an application to acquire an Australian lithium mine before the country’s Foreign Investment Review Board.

26 April 2023

EU ponders following US with outbound foreign investment regime

The European Commission is holding discussions to potentially establish an outbound foreign investment regime, with the US expected to implement similar legislation imminently.

24 April 2023

Italy conditionally clears Lukoil refinery sale under foreign investment rules

The Italian government has reportedly conditionally approved a Cypriot private equity firm’s acquisition of a Lukoil-owned refinery after the buyer guaranteed it would source oil from countries other than Russia.

14 April 2023

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