On 29 December 2023, FR GVT published law on the threshold of voting rights. FR GVT issued decree no. 2023-1293 relating to foreign investments in France (IEF). Measure to control crossing of 10% threshold of voting rights by a non-European investor in listed companies will be made permanent, scope of control extended. IEF Control Control…
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Switzerland – SECO Screen Foreign Investment
On 15 December 2023, SWI GVT informed that the Federal Council adopted the draft act on foreign investment screening thereby fulfilling its mandate from SWI PRL and Rieder motion. Foreign investment screening will take the form of an approval requirement for the takeover of domestic companies, operating in a highly critical sector, by a foreign…
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U.S. – House FSC Foreign Investment Hearing
On 13 September 2023, House FSC chair on investment oversight and US security. House chair McHenry remarked on CFIUS oversight and national security, FSC hearing. US Treasury published Assistant secretary for investment security Paul Rosen remarks. Follows House September 2023 notice of hearing scheduled for September 2023. Hearing Overview House FSC hearing entitled Oversight of…
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U.S. – Gov’t Limits Foreign Investment in China
On 9 August 2023, White House signed order to limit investment in China. White House issued executive order EO 14105, Addressing United States investments in certain national security technologies and products in countries of concern. Goal to facilitate legitimate cross-border investments while preventing Chinese jurisdictions, including Hong Kong, from exploiting US technological investments. Investment Restriction…
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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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India – SEBI Disclosure Rules for Foreign Portfolio Investors
On 28 June 2023, IND SEBI approved the amendment to SEBI (foreign portfolio investors) regulations, 2019, for implementation of proposal on additional disclosures. In March 2023, PML rules threshold requirements for identification of BO were amended and currently stand at 10% for companies and trusts and 15% for partnerships and unincorporated association or body of…
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