Fresh on the heels of a similar Act in the UK, the German government has expanded its powers to review foreign acquisitions and investments in German companies. Similar to CFIUS, the new rule impacts transactions immediately. Details, the provisions, and more inside.
Section 55 of the German Foreign Trade and Payments Ordinance enables the Federal Ministry for Economic Affairs and Energy to investigate whether the acquisition of a domestic company by a foreign entity poses a threat to public order or national security.
An update on Germany’s strategy to expand the country’s ability to screen acquisitions of German companies by non-EU investors.