Foreign direct investment

BackgroundOne of the particularities of the Spanish FDI regime is that most Sovereign Wealth Funds (“SWFs”) and other entities which are ultimately controlled by a foreign government, including…

Past summer, June 2025, as the trilogues on the revision of the EU's FDI Screening Regulation started in Strasbourg, the question whether the reform would move the Union’s FDI Screening framework…

IntroductionCanadian review of foreign investments is governed by the federal Investment Canada Act (ICA).The ICA contains two separate regimes. Under the ICA’s socioeconomic review regime, the…

In March 2026, Bill No 172 (National Foreign Direct Investment Screening Office (Amendment) Act, 2026) (the “Bill”) was tabled before Malta’s Parliament. The Bill aims to provide greater clarity on…

The 5th report on the screening of foreign direct investments ("FDI") published on 14 October 2025 by the European Commission ("Commission") provides an overview of enforcement activities and…

Transaction lawyers across the EU are by now sufficiently familiar with a third screening tool, alongside merger control and foreign subsidy control: foreign direct investment (FDI) screening. As the…

On 24 September 2024, the European Commission (EC) issued the long-awaited first decision (under phase II of the concentration tool) of the new Foreign Subsidies Regulation (FSR). It took another…

With the much-debated reforms to Act 19/2003 of 4 July, on capital movements (“Act 19/2003”), the Spanish foreign direct investment (“FDI”) regime has been expanded over the past few years.  However,…

On 15 January 2025, the European Commission (Commission) adopted a recommendation inviting Member States to review investments made by domestic companies into third countries (so-called “outbound…