Some, but not all, investors may face a friendlier climate

In the world of shifting geopolitical tensions and supply chain vulnerabilities exacerbated by the COVID-19 pandemic, the push for mineral & metal security is changing the way governments, regulators, sector participants and lenders evaluate foreign investment.

Most deals are approved, but expanded jurisdiction, mandatory filings applying in certain cases, enhanced focus on national security considerations, and a substantially increased pursuit of non-notified transactions have changed the landscape.

A guide to navigating the rules for investing in countries that require foreign direct investment approval.

2022 was a big year for the Committee on Foreign Investment in the United States (CFIUS)—notification filings as well as mitigation agreements were both trending up, adding to the already challenging landscape for cross-border transactions

US deal activity saw an annual decrease in H1 of this year, but remains buoyant compared to pre-pandemic standards

Under the Biden administration, CFIUS continues its rigorous assessment of security concerns across a wider range of sectors

Governments around the world are tightening their scrutiny of foreign direct investments  

Increased sector scope and concerns around a more aggressive approach to identifying non-notified transactions is leading to rising numbers of filings

Expanded jurisdiction, mandatory filings and a substantially increased pursuit of non-notified transactions have changed the landscape 

A guide to navigating the rules for investing in countries that require foreign direct investment approval

President Joe Biden's approach to the national security risks posed by foreign-backed M&A may differ in style from his predecessor, but not in substance

A renewed focus on methodical analysis means careful preparation can improve deal outcomes

A guide to navigating the rules for investing in countries that require foreign direct investment approval