Work Area: Foreign investment control

UK moves against Chinese and Russian-backed deals on national security grounds

The UK government has ordered an investment company linked to three Russian billionaires to unwind its already-completed acquisition of a domestic broadband provider, while it also blocked a Chinese semiconductor company’s acquisition of a local rival.

21 December 2022

Still time to submit nominations for GCR FIC: 40 under 40

Readers have until Friday to submit nominations for our inaugural GCR FIC: 40 under 40 survey, a special publication profiling the next generation of the world's top foreign investment lawyers.

21 December 2022

CFIUS orders business with China ties to divest control over US energy company

The Committee on Foreign Investment in the United States has ordered a technology company with a research and development centre in China to fully divest its majority stake in a Hawaiian solar energy storage supplier due to national security concerns.

21 December 2022

UK faces first judicial challenge to deal block under national security law

The Dutch subsidiary of Shanghai-listed Wingtech Technologies has applied for a judicial review of the UK government’s decision to unwind its acquisition of a major semiconductor maker, marking the first challenge under the country’s new foreign investment regime.

19 December 2022

CFIUS concludes no jurisdiction over controversial land acquisition

The US foreign investment review body has decided it does not have jurisdiction over the widely-opposed Chinese acquisition of 300 acres of land near a US military base in North Dakota.

16 December 2022

Data deals undergoing heightened scrutiny in the US, CFIUS lawyer says

The Committee on Foreign Investment in the United States has increased its focus on deals involving sensitive data sets to protect national security, a top foreign investment lawyer has said.

14 December 2022

Concerns linger about transparency under UK’s foreign investment regime

The UK's new foreign investment control regime continues to suffer from a lack of transparency and certainty, which is damaging the credibility of the system, lawyers have warned.

09 December 2022

CFIUS official: Legacy tech can cause national security threats

A top US foreign investment review official has said legacy technology can be just as important as “state of the art” technology from a national security perspective.

08 December 2022

Canadian government proposes overhaul of FDI regime

Canada has proposed several amendments to its foreign investment control law, including a new pre-implementation filing requirement for certain investments in prescribed sectors and higher penalties for noncompliance.

08 December 2022

EU foreign subsidy regime could lead to proliferation, official says

An official at the European Commission has said that the EU’s incoming legislation to tackle distortive foreign subsidies may lead to other jurisdictions adopting similar systems.

06 December 2022

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