Temporarily expanded its FDI screening mechanism
12 Jul 2019
On 12 July 2019, a change to Italy’s acquisition and ownership related mechanisms to safeguard Italy’s essential security interests came into effect, albeit only temporarily: The changes, brought by the now defunct Decree Law No. 64/2019 of 11 July 2019, among others, extended the review period for the exercise of the special powers, specifies what constitutes non-EU acquirers and the consequences of shareholder coordination, and broadens powers to prohibit a transaction. As this Decree Law was not converted into law, its provisions have lapsed on 10 September 2019.
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Entry and establishment (Approval and admission)
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