The Netherlands, complementing its existing sector-specific regulations, has introduced a general investment screening mechanism to enhance the protection of its national security across a broader range of sectors.

In 2023, Luxembourg adopted a national screening mechanism for foreign direct investments.

Ireland is expected to enact its FDI screening legislation in 2024.

French FDI screening continues to focus on foreign investments involving medical and biotech activities, food security activities or the treatment, storage and transmission of sensitive data. The nuclear ecosystem is subject to very close scrutiny.

The Belgian FDI screening regime entered into force in July 2023. In its early days, investors and authorities alike are coming to grips with the new regime and the guidelines that help parties navigate it.

The European Commission continues to be a driver of FDI screening across the EU, with Member States now moving toward coordinated enforcement.