In March 2018, following an initiative of Germany, France and Italy, the Council and Parliament of the European Union approved a Regulation on establishing a framework for screening of foreign direct investments (“FDI”) into the European Union (“Regulation”). The new Regulation became fully effective in October 2020. The Regulation creates an enabling framework for Member States to screen foreign direct investments on grounds of security and public order. The European Commission and the EU Member States possess wide authority to directly interfere in FDI screening processes taking place in a certain Member State. The Regulation in conjunction with the current amendments of relevant national laws in major European economies further enlarges legal policy protectionism towards FDI
In general, the reforms undertaken will have a serious impact on the practice of international investments in connection with German target companies. Therefore, a detailed analysis of investment control law risks will become more important than ever for foreign investors in order to avoid execution obstacles, unexpected delays and even criminal sanctions for violations of the execution prohibition. This also applies to ongoing transactions that have not yet been consummated at the time the relevant legislative amendments come into force and therefore fall under the new, stricter rules
Overall, international investors need to be aware of the increasing hurdles for direct and indirect acquisitions of German target companies. Therefore, to help the Arab banks, Arab investment authorities, Arab state-owned enterprises, Arab sovereign wealth funds and Arab individual investors understand in depth these regulations, the Ghorfa Arab German Chamber of Commerce and Industry in cooperation with CELIS are organizing a training on this topic and are glad to invite you to
“Virtual Training on the New EU and German Legislation on Foreign Investment Control”
22nd – 23rd March 2021, 09:00 -13:30 CET.
Speakers · Dr. Philipp Stompfe, Attorney, Alexander & Partner, Germany · Professor Dr. Steffen Hindelang, Uppsala University. Sweden · Jens Hillebrand Pohl, Adjunct Lecturer, Maastricht University, The Netherlands
Enclosed is a detailed Agenda for the 2 days-Webinar. The meeting will be held on the platform Zoom and the participation fee is EUR 800.00 for each participant. Please register here:
You will receive a confirmation e-mail with all necessary login information after the registration. In case of any questions, please contact Ms. Rasha Kozma (Email: kozma(at)ghorfa.de; Phone: +49-30 278907-15).
