Recent Japanese regulatory reforms and increased enforcement could signal a more "assertive stance” around foreign investment screening, Freshfields said in a client alert last week. The trend in Japan appears to mirror developments with the Committee on Foreign Investment in the U.S., which “has become increasingly assertive in reviewing foreign direct investment.”
President Donald Trump signed an executive order June 19 giving China’s ByteDance an additional 90 days, or until Sept. 17, to find a buyer for TikTok or face a U.S. ban on the popular social media application.
Representatives of the European Parliament, the Council and the Commission officially began negotiations June 17 on updated foreign direct investment screening rules with the aim of reaching a political agreement on a final text. The talks started days after EU member state representatives finalized their negotiating position (see 2506120057) and a month after the parliament approved the updates (see 2505090020), which would add more sectors to the scope of FDI restriction, allow the European Commission to intervene in member state disagreements and more. The EU didn't provide a timeline for when talks are expected to conclude.
The Trump administration released more details about the conditions for Japan-based Nippon Steel's purchase of U.S. Steel, which Trump said would result in a $14 billion investment in the U.S. economy while keeping the American company headquartered in the U.S. (see 2505230075).
Although the Trump administration is calling the recently announced deal between Japan-based Nippon Steel and U.S. Steel (see 2505290058) a "partnership," it’s still a traditional acquisition that includes a national security agreement with the Committee on Foreign Investment in the U.S., panelists said this week.
The United Steelworkers said May 28 that it remains uncertain what the recently announced “planned partnership” between Japan-based Nippon Steel and U.S. Steel will entail.
President Donald Trump said May 23 that Japan-based Nippon Steel and U.S. Steel will enter a “planned partnership” that will invest in the 124-year-old American company while preserving its identity.
Cooley this month published data about its experience advising on non-notified deals before the Committee on Foreign Investment in the U.S. between 2020 and 2024, outlining which investor nationalities, industry sectors and transaction sizes most often received CFIUS scrutiny.
The United Steelworkers urged President Donald Trump May 22 to reject Japan-based Nippon Steel Corp.'s proposed acquisition of U.S. Steel, saying the deal could harm domestic steel manufacturing.
The full European Parliament last week voted to expand the bloc’s foreign direct investment screening rules, which would add more sectors to the scope of restrictions and allow the European Commission to intervene in member state disagreements.