Competition Alert November 2020
The Spanish Government amends the FDI screening regime and temporarily extends the FDI screening regime to investments made by EU/EEA investors above given thresholds.
Royal Decree-Law 34/2020, of 17 November, on urgent measures supporting business solvency and others (RDL 34/2020), has been published today introducing (i) a new amendment to the foreign direct investment (FDI) screening regime applicable to critical infrastructures, supplies, technologies and industries and (ii) temporarily extending the existing FDI screening regime to EU/EFTA investments above given thresholds. The FDI regime was introduced in Spain last March, by means of an amendment to Law 19/2003, of 4 July, on capital movements (Law 19/2003) (click here and here to view our initial alerts on the initial regime and its first modification).
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