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Italy

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1. Overview On 18 December 2020, the Italian Government issued implementing rules identifying which assets within the sectors listed in the EU FDI Regulation will be deemed “strategic” for Italian foreign investment review (FIR) purposes. These implementing rules will enter into force on 14 January 2021 (New Implementing Rules). The EU FDI Regulation, which became fully operational on 11 October 2020, specifies certain factors and sectors that Member States may take into consideration when deciding…