Law360 in its article “EU Investment Plans Play To US Nat’l Security Concerns,” has quoted Akin international trade senior counsel Laura Black. The article discusses the European Union’s proposed foreign investment and trade policies on foreign investment, outbound investment and sensitive technology.
Laura, who previously served as Director of Policy & International Relations, CFIUS, Office of Investment Security, said the EU’s outbound investment prohibitions similar to those in the United States are likely “a relatively long way off.”
While the Biden-Harris administration’s executive order specifically targets China as a “country of concern” for investment limitations, the EU’s refrains from naming specific countries. Instead, Laura says that Europe is “threading the needle” in its proposal to monitor any country receiving EU investments while urging its members to assess risk and prioritize oversight accordingly.
© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.