Hungary's foreign direct investment ("FDI") regimes faced temporary headwinds in 2025, but no lasting regulatory changes ultimately took hold.

Following numerous amendments over the past years, Germany's foreign direct investment ("FDI") review continued in full swing, with further significant updates expected in the coming years.

The relevance of Estonia's foreign direct investment ("FDI") screening mechanism has remained modest since its inception at the end of 2023 but is expected to grow in light of the geopolitical situation, on account of increased activity in the defense sector.

The Czech Foreign Investments Screening Act took effect in May 2021, establishing the rights and duties of foreign investors and setting screening requirements for Czech targets.

On July 22, 2025, the Bulgarian Foreign Direct Investment ("FDI") screening mechanism entered into effect.

The wide scope, low trigger thresholds and broad interpretation of the Austrian Foreign Direct Investment ("FDI") regime require a thorough assessment and proactive planning throughout the mergers and acquisitions ("M&A") process.

The European Union continues to be a driver of foreign direct investment ("FDI") screening, with coordinated and mandatory enforcement now on the horizon.

M&A Explorer | European organizations ramp up investment in cybersecurity as malicious cyberattacks on mission-critical technology infrastructure increase.

M&A Explorer | AI disruption and macroeconomic tailwinds are driving deals in the sector

Debt Explorer | US and European leveraged loan markets navigate a tumultuous year to post record levels of issuance in 2025.

Debt Explorer | Despite macroeconomic volatility, high yield issuance recorded year-on-year gains in 2025 as interest rate cuts and investor demand lifted activity levels, especially in the US

Competition between lending channels intensified in 2025, as leveraged finance markets in Europe saw lenders vying for deals and offering borrowers greater flexibility ahead of an anticipated surge in activity in 2026.

White & Case Dawn Raid Analysis Quarterly (DRAQ) is an information resource on surprise on-the-spot inspections (dawn raids) across Europe. Here, we guide you through the latest updates and legal developments for 2025 Q4.

Debt Explorer | European NPL stocks may be static due to declining risk as interest rates come down, but new investment opportunities are emerging as market dynamics shift.

Key Q4 2025 FSR developments 

M&A Explorer | Once the quiet money behind private equity, sovereign wealth funds are increasingly writing their own deals.

Debt Explorer | Green shoots in the M&A market have provided a timely boost for leveraged loan issuance, putting the market on track to end the year strong

M&A Explorer | Global conflicts have put governments on alert and defense spending high on the agenda, but private sector dealmaking has also ramped up in response to the threat

Debt Explorer | Direct lenders are expanding their teams in a Spanish market that, though smaller than others in Europe, is rapidly becoming more established.

Debt Explorer | US high yield issuance posts double-digit gains, leading the global market through the first nine months of 2025.

White & Case Dawn Raid Analysis Quarterly (DRAQ) is an information resource on surprise on-the-spot inspections (dawn raids) across Europe. Here, we guide you through the latest updates and legal developments for 2025 Q3.

Debt Explorer | European debt documentation is moving ever closer to the US market—a trend that began in the UK and has now spread to continental Europe, providing regional dealmakers with greater flexibility.

Industry perspectives on the state of compliance today and effective strategies for managing compliance risk within the changing regulatory landscape.

Debt Explorer | As banks in the UAE and Saudi Arabia are being encouraged by their respective regulators to take a more rigorous approach to booking and disclosing NPLs, new investment opportunities are opening up to global investors