France extends its foreign investment screening
By decree No. 2018-1057 of 29 November 2018 on foreign investments subject to prior authorization, the French Government extended the scope of foreign investment screening to cover new sectors and industries "essential to guaranteeing national interests in matters of public order, public security or national defense". These include: 1) space operations; 2) cybersecurity; 3) artificial intelligence; 4) robotics; 5) semiconductors and additive manufacturing; 6) data hosting; 7) systems utilized for capturing computer data or intercepting correspondence; 8) IT systems for public authorities in the field of national security; 9) information systems utilized in crucial industries; 10) research and development of dual-use goods and technologies. In addition, under the new law, not only an investor, but also a company being targeted may apply for a relevant authorization. Furthermore, the authorization may contain certain conditions imposed on an investor in relation to guaranteeing the durability of technologies or data protection.
Type: Entry and establishment (Approval and admission)
Industry: Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c., Other manufacturing), Services (Electricity, gas, steam and air conditioning supply, Water supply, sewerage, waste management and remediation activities, Telecommunications, Computer programming, consultancy and related activities, Scientific research and development, Administrative and support service activities, Public administration and defence; compulsory social security)
- Legifrance, Décret n° 2018-1057 du 29 novembre 2018 relatif aux investissements étrangers soumis à autorisation préalable, Nov 29, 2018
- Freshfields Bruckhaus Deringer LLP, French State looking to intensify its control on foreign investment, Dec 21, 2018