In The News

Sweden – FI Reporting Information FAQs

On 12 October 2020, SWE FI issued improved reporting Q&A information. SWE FI announced it had issued more easily accessible company reporting questions and answers on its website, improved structure to make information more transparent. Report page now has banking, insurance, markets, money laundering Q&A sections. FI regularly publishes new questions and answers to clarify…
Read more

France – GVT Foreign Direct Investment

On 12 October 2020, FR GVT issued update on entry into force of EU regulation. DG Trésor issued an update on the entry into force of the regulation establishing a framework for screening of foreign direct investments (FDIs) in the European Union. Followed March 2019, EC regulation on screening foreign direct investment. Followed December 2019,…
Read more

Germany – BaFin Imposes Fine for Late Shareholding Disclosure

On 12 October 2020, GE BaFin imposed share threshold publishing breach. BaFin announced that on 7 October  2020, it imposed €600,000 fine on Covestro AG. For violation of section 130 paragraph 1 of the Administrative Offenses Act (OWiG) together with section 40, paragraph 1, clause 2 of the Securities Trading Act (WpHG). Imposed due to…
Read more

E.U. – Screening of Foreign Direct Investment

On 9 October 2020, EC announced the EU framework for screening of foreign direct investment (FDI) will become fully operational as of 11 October2020. Following formal entry into force of FDI screening regulation in April 2019, EC and member States have worked on putting in place necessary operational requirements. Included notification by EU member States…
Read more