News & Analysis as of

Foreign Investment Amended Rules

Vinson & Elkins LLP

The New Saudi Professional Companies Law - Material Amendments Usher in a New Era for Professional Companies in the Kingdom

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A new professional companies law has entered into force in Saudi Arabia and will have a direct effect on professional partnerships already existing in the Saudi Arabian market (such as those providing engineering consultancy...more

Skadden, Arps, Slate, Meagher & Flom LLP

CFIUS Continues Active 2020 With Proposed Rule Modifying Mandatory Declarations

Since the beginning of 2020, the U.S. Department of the Treasury (Treasury) has issued numerous regulations to implement fully the Foreign Risk Review Modernization Act of 2018 (FIRRMA) on behalf of the Committee on Foreign...more

Skadden, Arps, Slate, Meagher & Flom LLP

France Completes Major Foreign Investment Reform

On December 31, 2019, the French government issued decree nº 2019-1590 (the 2019 Decree), together with an administrative order of the same date (the Order), that comprehensively reshaped French foreign investment rules (as...more

Latham & Watkins LLP

Key Amendments to FEFTA Tighten Foreign Investment Regulations in Japan

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The amendments expand the industries covered by the prior notification and waiting period requirement, and broaden covered foreign investment-related activities. In 2019, the Japanese government announced three key...more

White & Case LLP

Indonesian government amends foreign ownership regulation in insurance sector

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The Indonesian government has made several key changes to the foreign ownership regime for companies in the Indonesian insurance sector. Government Regulation No. 3 of 2020 on the Amendment to Government Regulation No. 14 of...more

Skadden, Arps, Slate, Meagher & Flom LLP

As Shareholder Activism Grows in Japan, New Amendment Places Limits on Foreign Investors

Investors in Japanese-listed companies have traditionally taken a passive approach to their investments, in part because Japanese business culture have long held an unfavorable view toward investors making demands or voicing...more

White & Case LLP

Foreign direct investment reviews 2019: A global perspective: Japan

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Japan expanded the scope of industries subject to prior notification for Inward Direct Investment in 2019 - Under the Foreign Exchange and Foreign Trade Act (FEFTA), the Ministry of Finance (MOF) and the relevant...more

Katten Muchin Rosenman LLP

Amendments to FINRA New Issue Rules 5130 and 5131 Effective January 1, 2020

KEY POINTS - - Amendments to FINRA Rules 5130 and 5131, which govern the offer and sale of "New Issue" securities went into effect on January 1. - FINRA Rule 5130 prohibits a broker-dealer from selling New Issues to...more

Akin Gump Strauss Hauer & Feld LLP

January 1 Effective Date for FINRA IPO Allocation Rules Changes

On December 19, 2019, the Financial Industry Regulatory Authority, Inc. (FINRA) adopted amendments to Rules 5130 and 5131 (the “New Issues Rules”) to permit allocations of initial public offering (IPO) profits to certain...more

Dechert LLP

China Announces Removal of QFII and RQFII Investment Quota Limitations

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On September 10, 2019, the State Administration of Foreign Exchange (SAFE) held a press conference in which it announced that it would be removing the investment quota limitations on two inbound investment schemes – the...more

Holland & Knight LLP

West Coast Real Estate Update - August 2019

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Department of Homeland Security Publishes EB-5 Program Changes - The U.S. Department of Homeland Security (DHS) published rule amendments to the EB-5 investor visa program on July 24, 2019, in the Federal Register. The...more

Orrick, Herrington & Sutcliffe LLP

Amendment to Japanese Foreign Exchange and Foreign Trade Act Regulations Expands Scope of "Restricted Businesses" to Include Some...

Following the Japanese government's recent amendment of the rules under the Foreign Exchange and Foreign Trade Act (the "FEFTA"), foreign investors seeking to invest in companies engaged in certain information and...more

Barnea Jaffa Lande & Co.

Amendments to the Encouragement of Capital Investments Law

Much has been written about regulation’s difficulty with keeping up and meeting the technological changes of the modern world. Globalization and quick, frequent changes create “holes” that are difficult for the legislature to...more

Bracewell LLP

Big Changes on the Horizon for the Committee on Foreign Investment in the United States (CFIUS)

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Last week, the Senate followed the House of Representatives in passing the John McCain National Defense Authorization Act for Fiscal Year 2019 (the “NDAA”), which President Trump is expected to sign into law very soon. The...more

Hogan Lovells

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

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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

Skadden, Arps, Slate, Meagher & Flom LLP

Russia Amends Foreign Investment Rules

Strategic Enterprises Law In July 2017, the Russian Strategic Enterprises Law (SEL) was amended to provide that the rules that restrict the acquisition of certain interests in Russian strategic enterprises by a foreign...more

Jones Day

Japan Legal Update - Volume 24 | April 2017

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Labor - Japan's Action Plan for the Realization of Work Style Reform - Prime Minister Shinzo Abe recently held 10 meetings of the "Council for the Realization of Work Style Reform," to discuss reforms to Japan's...more

Jones Day

Japanese Variation Margin Requirements Take Effect

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Following the Basel Committee on Banking Supervision and the International Organization of Securities Commissions' March 18, 2015, release of revisions to the framework for margin requirements for non-centrally cleared...more

Jones Day

Investors in Southern African Development Community Stripped of International Treaty Protections

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In January 2014, Jones Day reported on the protection offered to foreign investors in Sub-Saharan Africa pursuant to the Southern African Development Community ("SADC") enacted on April 16, 2010. As noted in that Commentary,...more

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