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FDI Outlook 2025: Navigating National Security Reviews in a Transforming Global Landscape

As 2025 begins, the foreign direct investment (FDI) landscape continues to evolve at a rapid pace. Driven by geopolitical shifts, technological advancements, and changing regulatory priorities, businesses must navigate an...more

Foreign direct investment (FDI) global legal guide

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

HMG uses national security powers to order the disposal of a UK company acquired by Chinese investor

The U.K. government has used its powers under the National Security and Investment Act 2021 (the UK’s version of CFIUS) to order a Chinese-registered firm to sell its stake in a British semiconductor company....more

Foreign Influence Registration Scheme: a UK FARA

The UK has introduced new registration requirements on persons carrying on certain activities (e.g. political influence activities) for foreign states in the United Kingdom, which is expected to come into force in the course...more

UK expands export controls to semiconductor, quantum and cryogenic technologies

On 11 March 2024, the UK government issued new amending regulations, the Export Control (Amendment) Regulations 2024 (the “Amending Regulations”), which update the Export Control Order 2008 and the retained EU Dual-Use...more

FDI - A global perspective

During the course of 2023, the screening of foreign direct investment (FDI) continued to be an item at the top of the agenda when planning and executing global M&A transactions, as well as greenfield cross-border investments....more

French government extends the scope of application of the French Foreign Direct Investment screening regime

France is currently strengthening its foreign direct investment (“FDI”) screenings regime. In addition to the new resources allocated to the Government unit in charge of the French FDI laws, the French government adopted, on...more

Foreign Direct Investment (FDI) – Global Legal Guide

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

UK extends China arms embargo to Hong Kong but stops short of announcing sanctions designations

On 20 July 2020, UK Foreign Secretary Dominic Raab announced (through a statement to the House of Commons) that as part of the UK's response to China’s imposition of new national security laws on Hong Kong...more

Is national security a game changer for European foreign investment reviews and M&A transactions?

Governments all over the world are continuing to take steps to strengthen their powers to intervene in foreign direct investments ("FDI") into their countries. These changes come at a time of increased scrutiny of foreign...more

BIS issues frequently asked questions to clarify the military end use/user rule

On 29 June 2020, the final rule expanding the military end user/user controls (MEU) issued by the Bureau of Industry and Security (BIS) went into effect. On 26 June 2020, BIS issued an FAQs guidance document that provides...more

BIS adds a number of companies to the Entity List, including Iran Air

As of 16 March 2020 Iran Air and a number of other entities were placed on the Bureau of Industry and Security's (BIS) Entity List. Summary - Companies that use Iran Air as transport, particularly companies engaging in...more

CFIUS annual report highlights spike in filings and scrutiny of Chinese investments

The Committee on Foreign Investment in the United States (CFIUS or the committee), a U.S. government interagency committee that conducts national security reviews of foreign investments, has released its annual report for...more

New EU framework for screening foreign direct investment

On 20 November 2018, the European Commission (Commission) announced a draft EU framework for screening foreign direct investment (FDI) in response to concerns regarding foreign investment in EU-based businesses active in...more

New export control and CFIUS restrictions on emerging technologies becoming a reality

The Commerce Department is soliciting public input on identification of certain "emerging technologies" for purposes of new export controls and the recently expanded jurisdiction of the Committee on Foreign Investment in the...more

New regulations expand CFIUS' jurisdiction and mandate filings

The Department of the Treasury has released two new interim rules that (i) update existing regulations regarding the Committee on Foreign Investment in the United States (CFIUS) pursuant to the Foreign Investment Risk Review...more

Private equity funds, venture capital funds, hedge funds, and other investment funds receive carve-outs from expanded CFIUS...

The Foreign Investment Risk Review Modernization Act (FIRRMA), included in the reconciled Conference Report of the FY19 National Defense Authorization Act, substantially expands the jurisdiction of the Committee on Foreign...more

CFIUS legislation takes final form, moves closer to president’s desk

Congress has moved closer to expanding the jurisdiction and powers of the Committee on Foreign Investment in the United States (CFIUS), the U.S. interagency committee that conducts national security reviews of foreign...more

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