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Foreign Direct Investment National Security Investors

Foley Hoag LLP

Highlights From CFIUS’ 2024 Annual Report to Congress

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Key Takeaways: - In 2024, CFIUS reviewed 325 covered transactions and increased its scrutiny of non-notified deals. Nevertheless, both the number of filings reviewed and the number of requests for formal filings following...more

Latham & Watkins LLP

6 Key Takeaways From the 2024 CFIUS Annual Report

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On August 6, 2025, the Committee on Foreign Investment in the United States (CFIUS) released the public version of its Annual Report to Congress for Calendar Year 2024 (the Report), which highlights CFIUS’ priorities,...more

White & Case LLP

French FDI Review: Increased Scrutiny Amid Heightened Geopolitical Tensions

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While France remains a top destination of foreign investments in Europe, the 2024 annual report published by French foreign direct investment (FDI) authorities shows increased scrutiny of investments in French strategic...more

Jones Day

Extraterritorial Reach of Italian/UK FDI Rules: Are In-Country Sales Sufficient Nexus?

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In two recent decisions in the defense and national security sector, the Italian Foreign Direct Investment Authority ("FDI Authority") asserted jurisdiction in connection with two acquisitions of non-Italian companies that...more

A&O Shearman

From open door to watchful gatekeeper: Greece adopts a foreign-investment screening mechanism

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On May 22, 2025, the Hellenic Parliament passed long-expected legislation to establish Greece’s first national mechanism for the screening of foreign direct investments (FDI) on grounds of national security and public order....more

Torres Trade Law, PLLC

U.S. Issues Unprecedented Order Restricting Investment in China

Senator Cornyn made the above statement on the Senate floor on November 14, 2023, while advocating for his colleagues to pass the Outbound Investment Transparency Act as part of the 2024 National Defense Authorization Act...more

Skadden, Arps, Slate, Meagher & Flom LLP

Foreign Correspondent: An FDI Podcast | Mapping the National Security Landscape for Investors

We are pleased to present the inaugural episode of our “Foreign Correspondent” FDI podcast, a monthly conversation about foreign investment screening. In this episode, host and Skadden counsel Jason Hewitt leads a discussion...more

White & Case LLP

The EU Commission releases its Fourth Annual FDI report showing continuity and heightened FDI regulation in the EU27

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On 17 October, the European Commission (EC) issued its Fourth Annual Report under Article 5(4) of the Foreign Direct Investments (FDI) Screening Regulation (the Regulation) along with an EC Staff Working Document (SWD). The...more

White & Case LLP

UK FDI Update: Key takeaways from the latest NSIA Annual Report

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The third Annual Report on the UK's National Security and Investment Act provides some valuable insights into the review process and how it continues to develop. We explore some of the key metrics and trends and what they...more

Fox Rothschild LLP

Treasury Revises Proposed Limits on China Tech Investments

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Revised regulations restricting investments in Chinese companies developing semiconductors and microelectronics, quantum information technologies, and artificial intelligence systems are taking shape and could soon be in...more

White & Case LLP

UK FDI: Strategic streamlining but sectoral spread - the UK Government confirms its plans for NSIA reform

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In April 2024, the UK Government published its response to the Cabinet Office's 'call for evidence' on the National Security and Investment Act 2021. The call for evidence was an invitation to submit views on how the NSIA...more

Jones Day

Singapore Passes Significant Investments Review Bill in Relation to Transactions Involving National Security Assets

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In recent years, the world has witnessed heightened sensitivity surrounding foreign investments, leading to increased regulatory scrutiny of foreign direct investments ("FDI") on the basis of national security concerns. The...more

Morgan Lewis

France Implements Updates to Its FDI Screening Regime

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The regime for control of foreign direct investment (FDI) in France has recently experienced significant changes, including through guidelines published by the General Directorate of the Treasury, the implementation of an...more

Perkins Coie

A New National Security Frontier: Executive Order and Coming Regulations Restricting US Technology Investments in China

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President Biden issued a long-awaited executive order, “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern” (the Executive Order or E.O.), on August 9, 2023,...more

Jones Day

Belgian Foreign Investment Screening Law Takes Effect

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In Short - The Development: The new Belgian foreign direct investment screening law ("FDI Regime") imposes preclosing filing requirements on non-EU investments into various industry sectors in Belgium, including energy,...more

Barnea Jaffa Lande & Co.

Foreign Direct Investments in Israel

“A small country surrounded by enemies” is a well-known Israeli proverb. This state of mind has an impact on Israeli policy regarding foreign direct investments (FDI). While FDI are encouraged by the State of Israel,...more

White & Case LLP

Foreign direct investment reviews 2023: A global perspective

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Now in its seventh year of annual publication, White & Case's Foreign Direct Investment Reviews provides a comprehensive look into rapidly evolving foreign direct investment (FDI) laws and regulations in approximately 40...more

Jones Day

Key Lessons from UK National Security and Investment Regime's First Year

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Since the United Kingdom implemented the National Security and Investment Act in January 2022 ("NSI Regime"), there has been a significant increase in state intervention in, and review of, business transactions in the United...more

White & Case LLP

Germany prohibits sale of two companies to Chinese investors – FDI scrutiny in full swing

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In an unprecedented double-strike, the German government recently blocked two transactions pertaining to Chinese investments in German semiconductor facilities. Just two weeks before, the cabinet had already intervened...more

Bradley Arant Boult Cummings LLP

Executive Order Clarifies Focus and Five Factors for Future CFIUS Reviews

President Biden issued Executive Order (EO) 14083 on September 15, 2022, establishing five factors for reviews by the Committee on Foreign Investment in the U.S. (CFIUS), and areas of heightened scrutiny for transactions...more

WilmerHale

Executive Order Raises Regulatory Risks for Foreign Investment Across U.S. Economy

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On September 15, 2022, President Biden signed an Executive Order (EO) identifying economic sectors that merit special attention for review by the Committee on Foreign Investment in the United States (CFIUS or the Committee)....more

Jones Day

2021 Transactional Year in Review and 2022 Forecast: FDI Regimes Continue to Expand and Increase Scrutiny of Transactions...

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China  China has increased its efforts to scrutinize global transactions that may implicate national security concerns using its foreign investment security review ("FISR") process....more

White & Case LLP

Foreign direct investment reviews 2021: Australia

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Australia requires a wide variety of investments by foreign businesses to be reviewed and approved - Some significant investment proposals have been rejected on national interest grounds since 2020 - The decision to...more

White & Case LLP

Foreign direct investment reviews 2021: Russian Federation

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Further developments to Russian foreign investment laws introduce new requirements for investors and simplify regulation in some spheres - Established by the Russian government in 2008, the Government Commission on Control...more

White & Case LLP

Foreign direct investment reviews 2021: Romania

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Investments relevant to national security are subject to review - As a matter of principle, foreign direct investment (FDI) that falls under the scope of the economic sectors defined under the law as relevant to national...more

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