To address growing geopolitical tensions and technological shifts, the European Commission presented, on 24 January 2024, five new initiatives for strengthening the EU’s economic security. Part of the package is a proposal for a new regulation on the screening of foreign investments, whose aim is to update Regulation 2019/452 (FDI Regulation), which is currently in … Continue Reading
On April 25, 2023, the Texas State Senate Committee on State Affairs unanimously passed Senate Bill No. 2142 that would allow Texas to report any non-notified foreign investments of “concern” to the Committee on Foreign Investment in the United States “CFIUS.” The pending bill will authorize the Texas Attorney General (“TAG”) to establish a process … Continue Reading
On November 11, 2020, the UK government announced a new NSI regime. Under the new regime, certain direct foreign investments in the UK will require mandatory notification to, and prior approval by, the Department for Business, Energy & Industrial Strategy (BEIS) before completion.… Continue Reading
Like various other European Union member states, Poland has taken the first step to passage of a new act intended to screen foreign direct investments in Polish companies. The goal of the legislation is to protect Polish companies against take-over by non-EU/EEA investors. This post is being published for The Trade Practitioner as part of … Continue Reading
On Thursday, May 7 at 10 a.m. EDT (16:00 CEST), José María Viñals, trade practitioner based in our Madrid and Brussels offices, will moderate a panel discussion on the economic and trade impact of the coronavirus disease 2019 (COVID-19) on Latin America.… Continue Reading
Countries around the world continue to enact policies aimed at mitigating the spread of COVID-19 that both recognize the importance of trade to their respective economies, but also seek to address domestic demand for key goods – especially medical supplies – related to the crisis. Similarly, some recent government policies around the world have shifted … Continue Reading
In recent years, we have witnessed the rise of international sanctions and the increase of export and import controls. This, together with the blocking regulation (with which third countries try to mitigate the extraterritorial effects of US sanctions) has added uncertainty to international trade.… Continue Reading
Discussed in this post: Decree n°2019-1590 of 31 December 2019 relating to foreign investments in France Order of December 31, 2019 relating to foreign investments in France… Continue Reading
On October 10, 2018, the Committee on Foreign Investment in the United States (CFIUS) issued an interim rule, set to take effect on November 10, 2018, creating a “Pilot Program” that will require certain non-passive foreign investments to file an abbreviated “Declaration” filing with CFIUS. The rule is currently open for comments until November 10.… Continue Reading
On August 14, 2018, legislation reforming the Committee on Foreign Investment in the United States (CFIUS), the Foreign Investment Risk Review Modernization Act (FIRRMA), and dual-use export controls, the Export Controls Reform Act (ECRA), were signed into law as part of the John S. McCain National Defense Authorization Act for Fiscal Year 2019 (NDAA) (H.R. … Continue Reading
The media has reported on various potential plans and ideas being discussed by lawmakers to further expand or improve the Committee on Foreign Investment in the United States’s (CFIUS) scope and authorities. To date, no legislation has been introduced in Congress, and only few details about what has been proposed is publicly known. Based on … Continue Reading
