On 17 July 2023, BEL GVT published law of 4 July 2023 on the use of the languages of the filtering mechanism established by the cooperation agreement of 30 November 2022 aimed at establishing a filtering mechanism for foreign direct investments. Precisions on the use of French or Dutch re notification of the cooperation agreement.…
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Denmark – GVT Foreign Direct Investments
On 29 June 2023, DEN GVT published orders on foreign direct investments. DEN GVT published Order 958 of 26 June 2023 on procedures for applications for permission for foreign direct investments and special economic agreements. Also notification of foreign direct investments and special economic agreements, etc. Order 959 of 26 June 2023 covers the disclosure…
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Luxembourg – Gvt Foreign Direct Investments Bill Updated
On 13 June 2023, LUX GVT updated on bill re foreign direct investments. LUX GVT said LUX PRL adopted, in the first vote, bill 7885 establishing a national screening mechanism for foreign direct investments likely to undermine security or public order for the purposes of implementation of Regulation (EU) 2019/452 of the European Parliament and…
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First Half Foreign Direct Investment Catch-up
Most regulatory activity for foreign direct investment in this first half of 2023 has been focused on issuing consultations for proposed changes to existing laws. Read the full article.
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Australia – Gov’t Registration of FDI
As a part of Australia's foreign investment reforms, the Government announced it the new Register of Foreign Ownership of Australian Assets which will be managed by the ATO, Australian Taxation Office. The Commissioner of Taxation has been appointed as Registrar of the new Register. The Register is expected to start on 1 July 2023, supported by…
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Norway – Gov’t Proposes Changes to Foreign Direct Investment Screening
On 12 April 2023, the Norwegian government submitted a bill proposing amendments to the Norwegian Security Act which regulates the screening of foreign direct investment as it relates to substantial shareholdings.
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