On 19 May 19 2021, UAE GVT announced amended Companies Law will take effect on 1 June 2021, allowing foreign investors to establish and fully own onshore companies. Background On 23 November 2020, UAE GVT presidential decree relaxed limits on the foreign ownership of onshore firms. The decree is meant to open up UAE economy […]
On 9 March 2021, TAI FSC proposed amendments to foreign investment. TAI FSC proposed amendments to regulations governing foreign investments by insurance companies, regarding relaxation of foreign currency insurance policy limits. Amendments In the formula for calculating foreign investment quotas, reserves for non-investment personal insurance in the insurance industry will be increased from 35% to […]
Now that we have seen a close to 2020, let’s take a look at foreign investment changes around the globe. Following on from my 2nd installment in September, full article.
On 9 December 2020, AST GVT passed legislation on foreign investment framework reform. Requires foreign investors to seek approval for all investments in sensitive national security land or businesses, including starting such a business, regardless of value. Subjects foreign investors to enhanced monitoring and investigation powers. As well as continue to bear the costs of […]
On 3 December 2020, UKP issued Commons 5th, 6th sittings, compilation of committee debate sittings so far, all as at 1 December 2020, notices of amendments as at 1 December 2020. And issued all committee stage proceedings up to 1 December 2020, chairs’ provisional selection, grouping of amendments and committee amendments, both at 3 December […]
On 27 November 2020, NZ GVT announced retention of the emergency notification regime. Second review concluded that Covid justifies regime continuing for a further 90 days. Ministers’ next decision on whether it should be retained will be due by 24 February 2021. Background Introduced June 2020, to manage heightened foreign investment risks due to Covid. […]