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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U.K. – Treasury Foreign Direct Investment
On 30 March 2023, UK Treasury issued terms of reference for the review. UK Treasury issued terms of reference for the review of foreign direct investment. On same day UK GVT energy security plan to drive investment. Review of how UK can better attract foreign direct investment into key growth sectors to ensure most attractive…
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Australia – ACMA on Foreign Shareholding in Media Assets
On 9 March 2023, AST ACMA issued its report on ownership of media assets. AST ACMA published report of December 2022 titled Foreign Ownership of Australian Media Assets: Review of Legislative Requirements; Review of the Foreign Ownership of Media assets (FOMA) scheme and the Register found it is only partly meeting its objectives. Consequently, the…
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Busy Fourth Quarter for Foreign Direct Investments
It was a busy fourth quarter for regulations concerning foreign direct investment. It seems that not all were watching the World Cup. Read the full article
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Spain – Gov’t Extends Temporary FDI Controls
On 27 December 2022, ESP GVT issued Royal Decree - Law (RDL) 20/2022 extending the temporary FDI controls. Purpose Measures to support citizens and companies regarding energy, food, transportation, the gas-intensive industry, economic and financial stability and social protection. Further extension by 2 years of the temporary foreign direct investments (FDI) control procedure which will…
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