FIRE Tool

The scope of this tool is to provide an overview of all jurisdictions where foreign investment screening mechanisms are in place and the relevant authority is actively monitoring and reviewing foreign investment. 

"Screening" in this context includes a mechanism providing for the notification, review and approval of foreign investment, whether pre or post-closing, and excludes general notification requirements that may be required for any given transaction regardless of the identity of the acquirer (for example, the requirement to notify a change in shareholding at a central bank or change in ownership of land assets at a local registry). The tool also excludes general regulatory license requirements required for all parties to operate in the jurisdiction in particular sectors (for example, telecoms or the media).  

It is recommended that local counsel's input is sought as soon as potential foreign investment notifications are considered applicable, particularly with regards to local enforcement practices in the jurisdiction.  

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