Guidance to the Member States concerning foreign direct investment and free movement of capital from third countries, and the protection of Europe’s strategic assets

Summary:

Communication published by the European Commission on 25 March 2020 aimed at protecting critical European assets and technology amid the COVID-19 outbreak and related sanitary crisis.

Further information:

This set of guidelines was published ahead of the application of Regulation (EU) 2019/452 (FDI Screening Regulation), to ensure a strong EU-wide approach to foreign investment screening in a time of public health crisis and related economic vulnerability. The aim was to preserve EU companies and assets without undermining the EU's general openness to foreign investment.

• Primary Source

Official

European Commission: Press Release, 25/03/2020: Coronavirus: Commission issues guidelines to protect critical European assets and technology in current crisis https://ec.europa.eu/commission/presscorner/detail/en/ip_20_528

---