THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

Issue 78, April 2019

EU: New Foreign Investment Law in place from April

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By Davina Garrod and Sebastian Casselbrant-Multala, Akin Gump www.akingump.com   The new EU FDI Regulation provides a framework for screening foreign direct investments and will enter into force in mid-April. While China, Russia and other currently high-profile ‘foreign’ countries are not expressly mentioned, the European Commission will be particularly interested in investors from these jurisdictions. Unlike the CFIUS regime, the Commission will not be able to veto or condition a proposed foreign investment. Instead, it will only be able to issue non-binding opinions on investments that are likely to affect projects or programmes of European Union interest on security or...

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