Work Area: Foreign investment control

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 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

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

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

Italy has exercised its “golden power” law to clear Whirlpool’s majority stake sale of its European domestic appliances business to Turkish rival Arcelik, reportedly conditioned on remedies aimed at safeguarding technological assets, production facilities and employment.

04 May 2023

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

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

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

China plans to allow increased foreign investment in sensitive sectors to continue promoting the opening up of its economy, the National Development and Reform Commission has said.

21 April 2023

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