Work Area: Foreign investment control

Germany probes transfer of stake in world’s largest holiday company

The German government has opened an investigation under the country’s foreign investment law into the transfer of a stake in TUI from a sanctioned Russian oligarch to an entity controlled by his wife.

24 March 2022

New Zealand court fines individuals for trying to circumvent investment rules

New Zealand’s High Court has fined a Korean individual and his lawyer for trying to circumvent foreign investment rules by buying land without consent.

17 March 2022

Italy uses national security powers for first time to unwind drone deal

The Italian government has reportedly intervened to cancel the sale of a 75% stake in drone maker Alpi Aviation to state-owned Chinese investors, after finding the deal should have been notified under the country’s “golden power law” for sensitive industries.

14 March 2022

Self-driving truck startup lets Chinese board members go to resolve CFIUS probe

A pair of Chinese board members at self-driving truck startup TuSimple have agreed to step down from their positions to help resolve a national security probe into the 2017 acquisition of a stake in the company by an affiliate of a major Chinese technology company.

02 March 2022

EU orders Hungary to revoke insurance tie-up veto

The European Commission has accused the Hungarian government of violating EU merger control rules when it vetoed an insurance tie-up on foreign investment grounds, because the decision infringed on the commission’s exclusive authority to examine transactions with an EU dimension.

21 February 2022

Canadian government sets “the record straight” on national security allegations

The Canadian government has dismissed accusations that it failed to subject an acquisition of a local lithium business by a Chinese mining company to an in-depth national security review as required by its foreign investment regime

11 February 2022

Nvidia/Arm collapses amidst regulatory scrutiny

Chipmaker Nvidia has abandoned its $40 billion purchase of semiconductor company Arm from Softbank over “significant regulatory challenges”, as the deal faced high-profile merger control and foreign investment scrutiny on both sides of the Atlantic.

08 February 2022

Semiconductor component deal collapses over foreign investment review

The collapse of a proposed merger between Taiwan-based Global Wafers and its rival Siltronic because Germany’s economic ministry missed its foreign investment review deadline highlights how unpredictable the country's national security regime has become, even for deals involving non-Chinese buyers, lawyers have told GCR.

03 February 2022

CFIUS probes Chinese investment company over alleged information sharing

The Committee on Foreign Investment in the United States is reportedly probing a Chinese investment company with a large stake in a California-based airplane manufacturer over allegations it is passing along sensitive information to China.

26 January 2022

EU Parliament calls for earlier review of foreign subsidies legislation

Members of the European Parliament have said the European Commission needs to assess its enforcement of proposed new rules to tackle distortive foreign subsidies within three years, because there is not yet enough data on the impact of third party subsidies in Europe.

25 January 2022

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