On 17 December 2021, UK GVT updated National security and investment act guidance. Added NSI notification service forms to provide details of the information required when submitting a notification; the service goes live on 4 January 2022.
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Russia – CMP Foreign Investment Control
On 9 December 2021, RUS CMP adopted new administrative regulations. RUS FAS adopted new administrative regulations in field of foreign investment control. RUS FAS approved Order 1067 on administrative regulations for the provision of public services for the consideration of applications for preliminary approval of transactions and applications for approval of the establishment of control…
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New Zealand – OIC Overseas Investment Changes
On 29 October 2021, NZ OIC updated on preparations for final Overseas Investment Act law reform changes, while staying on top of business-as-usual consent applications. October 2021 issue of Panui discussed: benefit to New Zealand test changes; new assessment timeframes; law reform resources; and notification when forms change. Plus assistance in understanding overseas investment rules…
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France – Changes to Foreign Investment
On 22 September 2021, FR GVT issued order amending rules on foreign investment. FR GVT published order of 10 September 2021 relating to foreign investments in France. Follows FR GVT decree, order on procedures for investments in France. Made following entry in force of EU regulation on screening foreign direct investments. Made further amendments to…
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SWI – GVT Foreign Investment Control
On 25 August 2021, SWI GVT issued rules on foreign investment control. SWI GVT Federal Council set parameters for monitoring investments in Switzerland. Aimed to implement motion 18.3021 Rieder Protecting Swiss economy by controlling investments; the project will probably be put for consultation at end of March 2022. The Federal Council has so far spoken…
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Australia – GVT Foreign Investment Reforms
On 27 July 2021, AST GVT consulted on foreign investment reforms review. AST GVT issued consultation on its evaluation of the 2021 foreign investment reforms. Follows AST FIRB February 2021 started evaluation of investment reforms. Foreign Investment Reforms Reforms updated the framework in 3 broad ways: addressed national security risks; strengthened existing system; streamlined investment…
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