May 13, 2021
The 17th amendment of the Foreign Trade and Payments Ordinance (“AWV amendment”) came into effect in the first week of May 2021. It marks the third fundamental revision of the German FDI regime since April 2020. FDI scrutiny in Germany therefore continues to witness a significant amount of attention.
- Almost 20 new business sectors, for which a mandatory cross-sector filing may be required, are added to the existing regime. These include: satellite systems, artificial intelligence, robots, autonomous driving/unmanned aircrafts, quantum mechanics, and critical raw materials.
- In these newly covered business sectors, a mandatory filing is triggered if 20% or more of the voting rights in the German target are to be acquired by a non-EU/EFTA investor. This is higher than the 10% threshold that applies…