France

France

The government extends FDI screening regime as a response to the COVID-19 pandemics

30 Apr 2020

On 29 April 2020, the French Government informed about two amendments to the foreign investment screening regime as a response to the COVID-19 pandemic. By decree of 27 April 2020, the list of sectors and critical technologies subject to review has been extended to include biotechnology. Secondly, the Minister of Economy and Finance announced a temporary lowering of control thresholds that require prior governmental review of a foreign acquisition: 10% of voting rights instead of 25% for listed companies. A draft decree will be presented to the Conseil d’Etat for approval and shall enter into force in the second half of 2020. This temporary regime is planned to be in place until the end of the year.