- Europe
- Competition Law / International Trade
Make Investing Safe Again: Investment Planning and Investment Screening in Times of Geopolitical Uncertainties
Leading economies are increasingly prioritising the protection of “economic” security interests by ensuring control over their economic and technological assets through investment screening mechanisms. Investment screening mechanisms are procedures used by countries to assess, investigate, authorize, condition, or prohibit foreign direct investments based on national security criteria. Recent cases illustrate the increasingly aggressive use of these mechanisms and their negative impacts on investments, even between allied countries. The French authorities, for instance, blocked the US-based Flowserve Corporation from acquiring Canada’s Velan Inc., citing national security concerns. Velan, a key supplier of industrial steel valves, operates subsidiaries in France that manufacture critical components for nuclear submarines and power plants. Similarly, the UK government intervened in the proposed acquisition of Arm, a Japanese-owned chip...To read the full article, please see the PDF file
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Competition Law / International Trade & Europe Newsletter
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Lars’ practice is focused on commercial and investment arbitration. He has particular expertise in contentious proceedings involving post-M&A, commercial, manufacturing, construction, and distribution matters, in areas such as life sciences, automotive, and energy. Lars also deals with cases involving governments, and has advised foreign investors and sovereign states on issues of foreign direct investment and public international law, including related negotiations and investor-state disputes. He has been involved in more than 60 international arbitrations as counsel and as arbitrator under the arbitration rules of institutions such as the ICC, DIS, SAC, NAI, ICDR, KCAB, JCAA, SIAC, and ICSID, as well as under the UNCITRAL Rules.