Clifford Chance
German foreign investment control tightened again
3 May 2021
Following several changes to the German foreign investment (FI) regime last year, the German Ministry for Economic Affairs and Energy (Bundeswirtschaftsministerium, BMWi) published the 17th amendment to the German Foreign Investment Regulation (Außenwirtschaftsverordnung, AWV).
The 17th amendment came into force on 1 May 2021. Under the new rules, 16 additional industries will be included in the scope of the AWV. In addition, further types of transactions, e.g. increase of existing voting rights exceeding certain thresholds or the acquisition of certain corporate governance rights, will be subject to FI scrutiny as well.
