In addition to strengthening foreign investment screening and export controls in 2023, the European Commission plans to “examine whether additional tools are necessary in respect of outbound strategic investment controls.” Details, current outbound regimes, and the EC’s 2023 work program are inside.
Report: EU Member States okay’d more than 90% of screened FDI
Last week, the European Commission published its first annual report on the screening of foreign investments throughout the EU. The vast majority of transactions reviewed by Member States were approved without conditions. Details, the report, and more are inside.
Group: EU investment screening regime “more porous” than CFIUS
A German think tank that focuses on China recently compared foreign investment screening mechanisms in the U.S. versus the EU, and found the European regime more flexible but also potentially less secure. Details, helpful charts, and recommendations are inside.
A “Pittsburgh Statement” primer: What is it, and what does it mean?
Last week, the U.S. and EU Trade and Technology Council met for the first time to coordinate approaches on numerous topics, including export controls and foreign investment screening. What’s the TTC? We’ve got details, contacts, the statement, next steps, and more inside.
Compliance reminder: New CFIUS and EU rules are now in effect
Just a friendly reminder that the new CFIUS critical technology mandatory filing requirement took effect last week, as did EU’s new screening mechanism for foreign direct investments. Key details are inside, as are complete frameworks, fact sheets, FAQs, and more.
A new EU framework for the screening of foreign direct investments in the EU will apply starting Oct. 2020. Member states are required to notify the EU Commission about their national investment screening mechanisms.