Work Area: Foreign investment control

China slams UK for unwinding semiconductor deal

A deputy director at China’s Foreign Ministry has claimed the UK government abused its power in unwinding the acquisition of a major semiconductor manufacturer by a Dutch subsidiary of Shanghai-listed Wingtech Technologies.

21 November 2022

UK unwinds Chinese purchase of major semiconductor maker

The UK government has ordered a Dutch subsidiary of Shanghai-listed Wingtech Technologies to sell its 86% stake in the UK’s largest semiconductor manufacturer on national security grounds.

17 November 2022

Germany prohibits Chinese buyout

The German government has blocked the takeover of a domestic semiconductor production facility by the Swedish subsidiary of a Chinese chipmaker because the deal raised security concerns.

15 November 2022

EU can mitigate evidentiary issues from new foreign subsidy rules, official says

The head of the European Commission’s foreign subsidies taskforce has pushed back against claims the agency will have problems collecting information from non-EU countries to enforce the incoming regulation.

10 November 2022

China condemns Canada’s forced divestitures of critical minerals investments

The Chinese government has sharply criticised Canada’s decision to force three companies to divest their investments in critical minerals companies.

10 November 2022

Canada forces Chinese companies to divest critical minerals investments

The Canadian government has ordered three Chinese companies to divest their investments in a trio of domestic critical minerals companies, just days after it promised increased scrutiny of national security issues in the sector.

04 November 2022

Canada increases scrutiny for investments into critical minerals

The Canadian government has said it will only allow foreign state-owned enterprises to invest in the country’s critical minerals sectors when there is a likely net benefit to the transaction “on an exceptional basis”.

02 November 2022

Senator calls for CFIUS review of Saudi stake in Musk’s Twitter deal

Democratic senator Chris Murphy has called on the US foreign investment review body to investigate the national security implications of a major stake that Saudi Arabia holds in Twitter following Elon Musk’s acquisition of the social media company.

01 November 2022

New Italian government could use national security powers more liberally

Several key members of the new Italian government have previously backed the use of the country's “golden power law” for sensitive industries, which could lead to stricter foreign investment reviews, according to local lawyers.

28 October 2022

CFIUS issues first-ever enforcement and penalty guidelines

The US foreign investment review body has published guidelines for the first time on enforcement and penalties, warning that compliance with deal conditions “is not optional”.

26 October 2022

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