A Step Towards Regulating Outbound Investment in the European Union
On June 20, 2023, the European Commission and the High Representative for Foreign and Security Policy published a Joint Communication on a European Economic Security Strategy. The strategy highlighted that new economic security risks are emerging as a result of rising geopolitical tensions and the acceleration of technological developments. The strategy also underlined the need to develop a common EU approach.
Decree no. 2023-1293 of December 28, 2023, on foreign investment in France came into force on January 1, 2024.
The purpose of the decree is to continue the monitoring of non-European investors exceeding the threshold of 10% of voting rights in companies listed on a regulated market, introduced by Decree No. 2020- 892 of July 22, 2020. This follows the statements made by the French Ministry of the Economy (the “MoE“) to the press on January 5, 2023, announcing that the measure would be made permanent.
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