Foreign Direct Investment Screening Procedures – The New Normal?
The pandemic has weakened many businesses financially, which can make them easy targets for hostile takeovers. Governments around the world have reacted with a series of new regulations that aim to protect domestic undertakings (including those that are privately owned) against unwanted M&A activity. These regulations will impact numerous cross-border transactions. The penalties for violations are severe. They include massive fines, transaction annulment and even lengthy custodial sentences. In this context, it is vital for lawyers and legal advisors to understand the updated FDI screening procedures so that they can help their clients to avoid potential pitfalls.
The panel, which is comprised of experts from key FDI jurisdictions, will discuss these major developments and their initial practical implications.