The Finnish FDI Act Revision: Stricter Approach to Critical Infrastructure and Expanded Scope Expected

The Finnish Act on the Screening of Foreign Corporate Acquisitions (the Finnish FDI Act) is set to undergo significant revisions, expanding its scope and bolstering the nation's approach to protecting critical infrastructure. Prompted by changes in the security environment and the updated EU FDI Screening Regulation, the revisions will address emerging technologies and industries vital to national security. The process, overseen by the Ministry of Economic Affairs and Employment (MEAE), aligns with the new CER bill, aiming to strengthen the country's resilience to crises. The revised Act is expected to introduce several changes, such as the inclusion of greenfield investments, standardization of filing requirements, and extension of filing obligations to EU/EFTA investors. The revised Act aims to provide more clarity around asset deals, intra-group restructurings, and indirect applicability, while also addressing potential security risks posed by state-owned foreign investments in Finnish industries.

For more details, read the full article here.

If you need more information or further guidance in this area, please contact Maria Karpathakis.

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