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Vietnam: Decree on Mergers and Acquisitions Being Drafted

(May 2, 2008) It was reported on May 2, 2008, that Vietnam's Ministry of Planning and Investment (MPI) is drafting a decree on foreign-related mergers and acquisitions (M&A). The aim of the draft proposal is “to ensure effective M&A, build a strict legal corridor and improve local awareness about the issue,” as well as “to […]

Australia: Foreign Sovereign Funds Subject to Scrutiny

(Mar. 2, 2008) The Australian government has released a set of principles by which it will assess foreign investment in Australia by foreign governments and their agencies. (Press Release, The Hon. Wayne Swan, Government Improves Transparency of Foreign Investment Screening Process (Feb. 17, 2008), available at http://www.treasurer.gov.au/.)

India: 100% Foreign Direct Investment Obtains Automatic Approval for Aircraft Repair Shops

(Mar. 2, 2008) India allows 100% foreign direct investment (FDI) through the automatic approval route for helicopter and seaplane operations and for maintenance, repair, and overhaul (MRO) facilities. This is a reversal of the previous policy, under which approval of the Foreign Investment Board was required for FDI beyond 74%. Similarly, for ground handling services, […]

Greece: Bill to Protect Companies of National Strategic Importance

(Feb. 2, 2008) In January 2008, following in the footsteps of other European Union Member States, such as France, Germany, Italy, and the Netherlands, Greece adopted legislation designed primarily to strengthen strategic companies of national importance. The new law requires private investors, either individuals or corporations, who intend to acquire more than a 20 percent […]

China: New Foreign Investment Catalog

(Dec. 2, 2007) China's National Development and Reform Commission (NDRC) and the Ministry of Commerce MOC) issued the revised Catalog of Foreign Investment Industries on October 31, 2007, to be implemented as of December 1, 2007. (NDRC Web site). Compared to the 2004 Catalog it replaced, the new Catalog, in conformity with China's World Trade […]