Articles for category: English Articles

In Search of a Role for the Member States and the EU to Establish an Investment Screening Mechanism

Investments in enterprises, which are relevant for public security and services, are an important source of growth, jobs and innovations. But such investments can be detrimental to the security of supply for the community members – for example, when a state owned enterprise, which is located in a third state, gets control over the only electricity station in a Member State.

A National Emergency on the Border?

Declarations of emergency are in bad odor in modern constitutional democracies. the U.S. Constitution makes no provision for emergency declarations. And while the Constitution’s guidance is cryptic at best on many separation-of-powers issues, it couldn’t be clearer that Congress—not the President—has the power to appropriate funds. So: can he really do that? The better argument is that he cannot, but it’s not so open-and-shut a matter as you might suppose.

National Security and Investment Screening: the UK proposal and its problems

In its white paper published in July 2018, the government has acknowledged the key role of foreign investment for the UK’s growth and development, whilst also noting that ‘a small number of investment activities, mergers and transactions in the UK economy pose a risk to our national security.’ The aim of the proposed reforms is to ensure that in these cases the UK government is able to intervene in order to prevent or mitigate such risks.

Inter-institutional Agreement Reached on Framework for Screening of Foreign Direct Investments

The EU has one of the world's most open investment regimes, and collectively EU Member States have the fewest restrictions in the world on foreign direct investment. A proposal for a Union Act on the Screening of foreign investment in strategic sectors was tabled by ten Members of International Trade Committee (INTA) at the European Parliament (EP). The inter-institutional “provisional” agreement is going to be voted by the full House of the EP on the 14th of February 2019.