Interplay of EU merger control and FDI review: implementation of national FDI screening regimes have to comply with EU law
3 March 2022
The European Commission (the Commission) has concluded that Hungary breached Article 21 of the EU Merger Regulation (EUMR) by vetoing the acquisition of AEGON's Hungarian subsidiaries by VIG on the basis of its national foreign direct investment (FDI) screening framework. The Commission reaffirmed the primacy of EU law over national law and its exclusive competence to assess transactions with an EU dimension.
Clifford Chance
