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…