This three-part session will compare and contrast how FDI regulations are applied to these emerging/evolving regimes, what has changed over the last year and what’s around the corner in navigating regime nuances.

UK

• Mandatory notifications around acquisitions
• New standalone sector definitions for semiconductors and critical minerals and bringing transactions involving water companies within the scope of the mandatory notification requirement
• Potential technical exemptions to the mandatory notification requirement based on the experience gained from the operation of the first three years of the NSI Regime
• Longer review periods, but clearance rates higher

Spain

• Filing protocols: Details of the investor and the target; the shareholding structure of the investor; the method by which the investment is being made; the amount of the investment; and the effective participation of the investor in the target after the transaction
• Authorization required for investments where the target operates in areas such as critical infrastructures
• Scope of reviews: How transactions are being carried out, whether it will result in a change of the target’s activity and what the amount of the investment will be

Sweden

• Defining “activities worth protecting” under the Swedish Foreign Direct Investment Act
• Investment notification requirements
• Conducting a voluntary “consultation” process to avoid screening measures