Changes to the German Foreign Trade and Payments Ordinance will impact investments by non-EEA investors.

Key Points:

..The changes will allow the German government to scrutinize direct and indirect acquisitions of at least 10% of the voting rights of German companies that operate in the area of critical infrastructure or manufacture or develop certain military-related products. For all other sectors, the current 25% threshold will remain in place.

..The definition of what constitutes critical infrastructure is extended to certain media companies.