In order to put the European restrictions into perspective, the last section is dedicated to FDI in UAE showing that, despite recent tightening of controls, the European Union still has a relatively open investment environment compared to some other jurisdictions that also benefit from FDI.
Continue Reading Winds of change in foreign direct investment control in Europe and the Middle East (9) -UAE
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Winds of change in foreign direct investment control in Europe and the Middle East (8) -Belgium
Status of foreign direct investment control law in Belgium
Belgium does not have a specific legislative framework for controlling foreign direct investments. Far from being problematic, this absence of state control over foreign direct investments promotes Belgium to 21st place worldwide based on the FDI Index. This ranking is explained in the context of strong economic recovery as well as key advantages highlighted by foreign investors (such as the proximity of numerous international institutions, connectivity to the rest of Europe and a productive and educated workforce).
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Winds of change in foreign direct investment control in Europe and the Middle East (7) – France
Status of foreign direct investment control law in France
France ranks 7th globally and 3rd in Europe in the FDI Index. Since 2005, France has organised its legal framework for controlling FDI in its Monetary and Financial Code (“Code Monétaire et Financier”). The Code has been amended and the rules have been strengthened over the years.
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China’s Move to Cruelty Free: New Draft Regulation Changes Requirements for Cosmetics Filing
After years of debate in both academic and business circles, China has placed the removal of animal testing for cosmetics on the agenda. …
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Winds of change in foreign direct investment control in Europe and the Middle East (6) -Italy
Status of foreign direct investment control law in Italy
After a series of intense reforms implemented since 2011, Italy is now 10th globally and 4th in the EU, in the FDI Index. Even after the national-populist League and the anti-establishment Five Star Movement won the highest share of the vote in the elections, markets did not react strongly, with bond yields continuing to remain low and the equity market rising.
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KWM advises UOB on its consumer finance joint venture with Shenergy
28 June 2019, United Overseas Bank Limited (UOB) entered into an agreement with Shenergy (Group) Company Ltd. (Shenergy) to set up a joint venture consumer finance limited liability company in Shanghai, China.
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Winds of change in foreign direct investment control in Europe and the Middle East (4) -United Kingdom
The United Kingdom (UK) ranks 4th globally and 2nd in Europe in the FDI Index.
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Winds of change in foreign direct investment control in Europe and the Middle East (3) -Germany
According to the “2018 A.T. Kearney Foreign Direct Investment Confidence Index” (the “FDI Index”), an annual survey which tracks a country’s attractiveness for FDI, Germany is 3rd globally and tops the list of European countries. Despite tightening regulations, Germany remains appealing to foreign investors due to its increasing GDP growth rate and diverse economy.
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Monetary Authority of Singapore to issue digital bank licenses
The Monetary Authority of Singapore (MAS) recently announced that it will issue up to five new digital bank licenses. This is in addition to any digital banks that the Singapore banking groups may also establish under the existing internet banking framework introduced in 2000. This move extends digital bank licences to non-bank players.
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2019 Mid-Year Review of the Foreign Corrupt Practices Act
2019 has already seen substantial developments around compliance and several major enforcement actions arising out of the Foreign Corrupt Practices Act (“FCPA”). When the U.S. …
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