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Michal Simčina

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An amendment to the Critical Infrastructure Act introducing a brand-new foreign direct investment screening mechanism to Slovakia entered into force on 1 March 2021. The mechanism introduces an obligation to notify changes in the ownership structure of operators of elements of critical infrastructure, as well as a screening mechanism for ownership changes in narrowly-defined industries, which have become subject to examination by the Ministry of Economy and, in certain cases, subsequent approval by the Slovak…

On 3 February 2021, a new Act on Screening of Foreign Investments (“FIR Act”) introduced a foreign direct investment screening mechanism in the Czech Republic. The FIR Act draws on the framework established by the EU FDI Regulation (see our blog post accessible here for further details on this Regulation) and significantly changes the landscape for inbound investments into the Czech Republic by non-EU investors (including EU investors controlled by a non-EU person). Under the…