Fear has spread that low market values are favouring predatory acquisitions of strategic assets of national interest by foreign investors.
On 9 April, Law Decree No. 23 entered into force – bringing significant changes to legislation on government screening of foreign (but also domestic) investments in strategic sectors (“Golden Power”).
The decree introduces numerous changes concerning both screening procedures (e.g., the extension of terms) and the Golden Power’s scope of application (e.g., the sectors covered).
Our Golden Power Task Force, in collaboration with our Covid-19 Task Force, breaks down all in the document available here.