News & Analysis as of

National Security Foreign Direct Investment Mergers

A&O Shearman

The expanding reach of Italy's FDI regime

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The Italian government has recently published its 2024 Annual Report on Foreign Direct Investment (the Report), providing an overview of the exercise of its special powers, commonly referred to as “Golden Power,” in sectors...more

Latham & Watkins LLP

LathamTECH in Focus: Navigating National Security: The Impact of FDI Reviews on Tech M&A

Latham & Watkins LLP on

In this episode of LathamTECH in Focus, Silicon Valley partner Tessa Bernhardt examines the global scrutiny on tech M&A deals involving advanced technologies like AI, highlighting how the intersection of highly regulated...more

White & Case LLP

Newly Adopted Greek FDI Regime

White & Case LLP on

On 22 May 2025, the Hellenic Parliament enacted Law 5202/2025, introducing a Foreign Direct Investment (“FDI”) regime in Greece (the “Regime”), effective as of that date. The Regime took effect immediately upon publication in...more

DLA Piper

Revised EU FDI Screening Regulation’s Direction of Motion Following the European Parliament’s Review

DLA Piper on

The EU Foreign Direct Investment (FDI) Screening Regulation (Regulation) entered into force in October 2020. It aims to create a cooperation mechanism which enables EU member states and the European Commission (EC) to...more

A&O Shearman

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

A&O Shearman on

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

Morgan Lewis

FDI Enforcement Trends in EU, EU Member States, and UK: Q1 2025

Morgan Lewis on

In the first quarter of 2025, the approach of the European Union, EU member states, and the United Kingdom toward foreign direct investment (FDI) reviews continues to be cautious and is increasingly linked to security...more

Hogan Lovells

Increasing European defence budgets: what are the implications for government contractors and investors?

Hogan Lovells on

At a time of marked geopolitical uncertainty, governments around Europe are committing to meaningful increases in defence spending, whilst also looking to private capital and investment to supplement public funds. This in...more

A&O Shearman

Foreign investment control regimes reach far and hit hard

A&O Shearman on

Foreign investment (FDI) screening regimes continued to present challenges for dealmakers. We saw tough intervention in key jurisdictions. New and expanding rules added to regulatory burden. Overall, most deals are cleared...more

Hogan Lovells

The Foreign Investment Screening Regime comes into force in Ireland

Hogan Lovells on

In line with international and European developments, Ireland has introduced a new regime to provide for a process to allow for certain transactions that may present risks to the security or public order of the State to be...more

Latham & Watkins LLP

UK NSIA - Key Takeaways From the Annual Report

Latham & Watkins LLP on

The report provides insights into the performance of the National Security and Investment Act. The UK’s Cabinet Office has published its third annual report on the functioning of the National Security and Investment Act...more

White & Case LLP

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

White & Case LLP on

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

BCLP

Foreign Direct Investment: Key Recent and Future Developments in Europe and the US

BCLP on

At a time of significant geopolitical challenges, many jurisdictions are looking at their investment screening regimes to ensure that they can adequately safeguard national security and public order. Within this context,...more

Latham & Watkins LLP

UK Open for M&A - Government Seeks Evidence on National Security and Investment Act Scope

Latham & Watkins LLP on

The UK government is considering steps to make the regime more business-friendly, while maintaining and refining essential national security protections. The National Security and Investment Act 2021 (NSIA), the UK’s first...more

American Conference Institute (ACI)

[Event] 4th European Forum on FDI Reviews and CFIUS - June 7th - 8th, London, United Kingdom

Hosted by C5, the 4th European Forum on FDI Reviews and CFIUS returns for another exciting year with curated programming that will help you navigate emerging complex National Security Reviews across the UK and EU....more

Hogan Lovells

Foreign Direct Investment (FDI) – Global Legal Guide

Hogan Lovells on

The increasing number and complexity of foreign direct investment (FDI) screening regimes requires careful navigation when planning and executing global M&A transactions, as well as greenfield cross-border investments. In...more

White & Case LLP

Foreign direct investment reviews 2023: A global perspective

White & Case LLP on

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

Morgan Lewis

Avoiding Past Mistakes in US Outbound Investment Regulation: Key Questions for Congress to Consider

Morgan Lewis on

This Insight outlines, at a high level, the prior US outbound investment regime, its structure, and some reasons for its ultimate demise. We discuss some useful lessons from the prior attempt and identify areas where...more

Hogan Lovells

Green Means Go (subject to conditions): national security concerns with UK energy deal

Hogan Lovells on

The UK Government has, for one of the very first times, used its new national security powers to intervene in respect of a transaction. This new intervention is in respect of the acquisition of asset development rights to an...more

Hogan Lovells

Second Annual Report on FDI Screening highlights importance of FDI in M&A transactions

Hogan Lovells on

In its Second Annual Report on the screening of foreign direct investment (FDI) into the Union, the EU Commission takes stock of the FDI screening rules at both EU and Member State level. Today, 25 out of 27 Member States...more

Hogan Lovells

Italian Government’s "golden powers" of intervention in FDI now allows pre-filing of transactions

Hogan Lovells on

Italian government’s so-called "golden powers" of intervention in foreign direct investments involving companies operating in sectors strategic for the national interest were originally introduced by Law Decree No. 21 of 15...more

Hogan Lovells

Hungarian FDI veto lifted after pressure from EU Commission – all's well that ends well or dangerous precedent?

Hogan Lovells on

For the first time ever, the EU Commission has issued a decision on the relationship between EU merger control law and national FDI screening rules. It found that the Hungarian Government's veto of Vienna Insurance Group's...more

Morgan Lewis

UK Government Publishes Its First Report on the UK’s Foreign Direct Investments Regime

Morgan Lewis on

The UK’s national security and investment regime came into effect on 4 January 2022. On 16 June, the UK government published its first report on the operation of the regime for the period between 4 January and 31 March...more

White & Case LLP

Policy shifts may signal a new chapter in the story of globalization

White & Case LLP on

Globalization may be evolving, as nations and regions reassert their regulatory powers on a wide range of issues including trade, competition and national security. The economic lessons of COVID-19 and growing concerns about...more

Morgan Lewis

FDI Screening Alert: Challenges for Sensitive Technology Deals in Germany and United Kingdom

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Two major transactions have recently faced headwinds in Germany and the United Kingdom, jurisdictions traditionally perceived as investor friendly. Specifically, Taiwanese-based investor GlobalWafers Co. Ltd. failed to obtain...more

Goodwin

Private Equity Market Update

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UPDATES AT A GLANCE — FEBRUARY 2022 MARKET TRENDS: - 2021 U.S. PE Market Trends in Review - Goodwin Private Equity Deal Database – Reverse Break Fees - R&W Insurance – Rate on Line and Insurer Appetite KEY TRANSACTION...more

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