On March 5, 2019, the European Union adopted a new framework for the screening of foreign direct investment. The new rules, which will apply from October 2020, have been adopted amid political concern that European assets may be too open to foreign investment. Although the new rules stop short of empowering the European Commission to block investments, they nonetheless establish the most extensive European framework yet for coordinating investment screening, and will require careful management in the context of inbound merger and acquisition (M&A) deals.
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