Work Area: Foreign investment control

Lawmakers look to expand CFIUS authority

A pair of senators have introduced a bill that would give the Committee on Foreign Investment in the United States the jurisdiction to screen deals affecting personal information.

28 September 2023

The GCR Foreign Direct Investment Regulation Roundtable

Featured in Foreign Direct Investment Regulation Guide - Second Edition

Global Competition Review held a discussion on recent developments in foreign direct investment regulations since the Foreign Direct Investment Regulation Guide was published. Chaired by Veronica Roberts of Herbert Smith Freehills, the panel included Peter Camesasca in Brussels, Andrea Carreri of LCA in Italy, Jason Gudofsky of McCarthy Tétrault in Canada and Jeremy Zucker of Dechert in the United States. We also thank Covington & Burling LLP for its support. Participants not only offered insight into the key features of regimes in their own jurisdictions but also drilled into issues such as the types of remedies being imposed and the extent to which these can be negotiated and the all-important question of how the investor’s nationality affects outcomes.

18 September 2023

Germany blocks Chinese satellite startup takeover

The German government has stopped the Chinese majority shareholder of Kleo Connect from acquiring an additional 45% stake in the Berlin-based satellite company due to national security concerns.

14 September 2023

EU official calls for end to temporary state aid measures

The EU’s state aid provisions must move away from temporary responses to geopolitical crises in favour of an approach that tackles structural problems in the economy, a head of unit at the European Commission has said.

13 September 2023

EU’s existing resource constraints signal problems for FSR regime, expert says

The European Commission’s inability to routinely investigate state aid complaints underlines the resource challenges it will face under its new foreign subsidies regulation, a leading competition lawyer has said.

13 September 2023

Luxembourg implements foreign investment screening regime

A new mandatory foreign investment screening framework in Luxembourg will scrutinise foreign takeovers likely to affect security or public order, but the suspensory mechanism only applies to in-depth reviews.

01 September 2023

La Liga lodges FSR complaint over Qatari-owned PSG funding

Spain’s top football division has lodged the first public complaint over foreign subsidies with the European Commission since the new regime came into force, alleging that Paris Saint-Germain FC has received Qatari investment that “seriously” distorts the internal market.

14 August 2023

Australian farmers worried over potential sale of key fertiliser company

A trade group has called on Australia’s Foreign Investment Review Board to ensure that the potential sale of the country’s largest fertiliser manufacturer to an Indonesian state-owned company does not harm the national interest.

14 August 2023

KKR agrees to give Italian government stake in Telecom Italia

The Italian government has preliminarily agreed with KKR to acquire a maximum 20% stake in Telecom Italia’s landline network as the US private equity firm prepares a final bid for the asset after nearly two years of negotiations.

14 August 2023

US restricts outbound investment in China

President Joe Biden has signed an executive order restraining outbound US investments in Chinese companies that operate in high-technology sectors critical for the military, intelligence and surveillance.

10 August 2023

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