Business Today

India in Sync With World

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AUSTRALIA: Tightened rules on foreign takeovers fearing strategic assets could be sold cheaply due to the coronaviru­s crisis. Has mandated scrutiny of every single deal regardless of value

ITALY: It expanded the Golden Powers Law, meant to restrict foreign investment­s in sensitive areas, to include a large number of other sectors. Curbed foreign takeovers in a range of sectors

GERMANY: Europe’s biggest economy approved measures which applied to takeover bids from the United States and enterprise­s outside the European Union

SPAIN: Issued Royal Decree suspending the regime on FDI deregulati­on indefinite­ly. It necessitat­es prior government approval for investors outside EU looking at acquiring more than 10 per cent in a local company

CANADA: Tightened foreign investment rules, scrutinisi­ng investment­s in companies related to public health or critical supply chains, and investment­s by state-owned companies or investors with close ties to foreign government­s

EUROPEAN UNION: Was among the first to tighten foreign investment rules. The aim was to discourage “bargain hunting” by China.

UK: The UK government screens acquisitio­ns in military, dualuse, computing hardware and quantum technology sectors

USA: The Committee on Foreign Investment­s in the US is now playing an active role in screening potential takeovers on national security grounds

JAPAN: $2.2 billion fund to help Japanese companies shift production out of China

Map not to scale

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