On 5 June 2020, AST GVT issued foreign investment reforms. Paper outlines a reform package to Australia’s foreign investment review framework. AST GVT will shortly release exposure draft legislation for consultation on the reforms prior to its introduction into Parliament, and provide further guidance for investors. These reforms include measures to strengthen the existing framework…
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China – SAFE Foreign Investment Fund
On 7 May 2020, CHI SAFE, CHI CB implemented regulations on the management of domestic securities and futures investment funds of overseas institutional investors. Cancel investment quota limitations for QFII and RQFII, implement registration management for the cross-border remittance and exchange of qualified investors. Implement integrated management of currencies, simplify procedures for remittance of domestic…
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Japan – GVT Foreign Direct Investment
On 24 April 2020, JPN GVT published feedback associated with the public consultation. It also published updated presentation on the matter in Japanese and English. Amended definition closely-related persons, so that a person who was a foreign investor's board member in the past year is excluded from the definition, if the nomination of the person…
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Mexico – GVT Foreign Ownership Rules
On 15 April 2020, MEX GVT proposal re investment in Mexican companies. MEX GVT seeks to amend aspect of foreign ownership in Mexican companies. Foreign Investment Limit Under article 9 of the foreign investment law, MEX national foreign investment commission must approve foreign acquisition that exceeds certain parameters. A foreigner may invest over 49% in…
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U.S. – Treasury FIRRMA Foreign Investment
On 13 January 2020, US Treasury released two final regulations to implement changes FIRRMA made to CFIUS’s jurisdiction, processes; effective on 13 February 2020. Both regulations include interim rule on new definition for principal place of business. US Treasury seeks comments on interim rule; must be received by 18 February 2020.
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China – Foreign Investment Law Update
On 9 January 2020, CHI NDRC answered reporters' questions on foreign investment law. Answered why implementation regulations have to be concurrently implemented with law; rationale and consultation process behind formulating implementation regulations. Spoke about areas in which implementation regulations help to promote, and details of investment protection regulations that are of great concern to foreign…
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