The EU FDI Regulation, which came into force in April 2019, introduces a framework for screening FDI into the EU. It is not a separate new screening tool at EU level, but a framework for cooperation and information exchange between Member States and the European Commission (see here and here for our previous reporting on this). On 11 October, it became fully operational, meaning formal contacts, secure channels and procedures for information exchange are now in place. A number of EU Member States have also reformed and/or are introducing new mechanisms to screen FDI, particularly following the Commission’s call for closer scrutiny in the context of the COVID emergency.
To coincide with the implementation of the Regulation, CMS has partnered with LexisNexis to help launch a multi-jurisdictional FDI database by contributing our guides on the FDI regimes in Austria, the EU, France, Germany, Hungary, Italy, Mexico, Poland, Romania, Russia, Singapore and South Africa, with more guides to follow! The database is accessible here.