IT is essential for all industries including strategic ones like energy, public utilities, telecommunication, health care, finance, military which are usually captured by foreign investment screening regimes in several jurisdictions. Below we look at how IT assets and IT service providers are directly or indirectly subject to FIR in Hungary.   In Hungary there are two main regimes applicable to foreign investment screening. The Foreign Investment Screening Act (“FIR1”) was introduced in 2018 and it…