EU Framework for Foreign Direct Investment Control

EU FRAMEWORK FOR FOREIGN DIRECT INVESTMENT CONTROL 2019

Di: RÉGIS BISMUTH, MARISE CREMONA, JUSTINE FASSION, JONAS JUUL HENRIKSEN, HARTMUT KRAUSE, NIKOS LAVRANOS, ELIZA MALATHOUNI, MARIA MARTIN-PRAT, JAMES MENDENHALL, BREGT NATENS, ANDERS NEERGAARD, EVA RYTTER SUNESEN, MARIETJE SCHAAKE, MANFRED SCHEKULIN, STEPHAN SCHILL, RIANA TERNEY, ERIK VAN DER MAREL (AUTORI), JACQUES H.J. BOURGEOIS (CURATORE)

Collana: European monographs

Abstract

EU Framework for Foreign Direct Investment Control provides an analysis of a new and controversial European Union (EU) approach on how to deal with disparate attitudes among EU Member States with regard to foreign direct investment (FDI). FDI has grown considerably worldwide in recent decades, alongside the no-less considerable development of international ‘supply chains’. In the EU, stock held by foreign investors exceeds EUR 6 billion, while stock held in the rest of the world by EU investors exceeds EUR 7 billion. Moreover, FDI screening is provided on the grounds of public order and security, or on comparable grounds, which under the EU treaties are subject to reserved Member State powers. This important book analyses the current and proposed regimes of FDI screening in the EU, highlighting mechanisms designed to enhance FDI’s advantages and minimize its drawbacks.

What’s in this book:
Leading practitioners, policymakers and academics discuss the 2017 European Commission proposal on FDI screening and its resulting Regulation, focusing on such issues and topics as the following:

• the economics of FDI screening;
• rising protectionism versus further investment liberalization;
• how the EU framework connects with WTO rules;
• the dangers of foreign investment in sectors essential to public order and security;
• how the EU regulatory layer interacts with FDI screening at Member State level; and
• perceived lacunae in the way the EU addresses incoming FDI.

Two detailed examples of how FDI screening works in practice are included, along with a comparative view of FDI screening in the United States. Contributions commenting specifically on the EU Regulation deal with the process of adopting the Regulation and the impact of opposing views and how the Regulation aligns with EU policy in the areas of trade, investment and competition.

How this will help you:
Companies engaged in FDI or financial services will appreciate the detailed analysis of issues raised by this new EU policy instrument. This book is supposed to improve the practitioners’ understanding of the EU regulatory layer now coming on top of FDI screening at the Member State level. Practitioners active in competition law, particularly mergers and acquisitions, will welcome this clear commentary and analysis of a crucial component of EU policy in the related areas of trade and investment, and policymakers will be encouraged to consider whether further regulatory changes are called for.

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