Please indicate whether there is a foreign direct investment review regime in your jurisdiction in relation to mergers involving foreign buyers / acquirers and kindly indicate the relevant review/regulatory body? If there is, please indicate whether there have been any foreign direct investment notifications to date. If there is no foreign direct investment regime, kindly indicate whether there are any plans announced to introduce it.
In Mali, there is an authorisation and control system for foreign direct investment.
These foreign investments which are external financing must comply with Regulation No. 09/2010/CM/UEMOA relating to the external financial relations of the Member States of the WAEMU. This financing requires, in all cases, a control of the Minister in charge of Finance and verifications or declarations with the Central Bank of West African States.
If there is a foreign direct investment regime in your jurisdiction, please indicate whether it applies to all sectors or specific sectors (such as sectors considered to relate to ‘national security’).
Local counsel are not aware of any particular exception to the application of Regulation No. 09/2010/CM/UEMOA relating to the external financial relations of the Member States of the WAEMU.