Foreign Screening

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Foreign Screening

We are expert at navigating the Foreign Direct Investment Regimes in the EU and Ireland.

Ireland’s Screening of Third Country Transactions Act 2023 establishes a mandatory ‘file-and-wait’ system for transactions that meet statutory reporting thresholds.

A filing must be made “not less than 10 days before” completion and completion suspended pending Ministerial review and approval.  Criminal penalties apply for failure to file and closing without approval.

Philip Andrews S.C. was lead author of the Law Society of Ireland’s influential comments to Government on Ireland’s proposed new Foreign Investment Screening Procedural Guidelines, available at LSI Comments on Foreign Investment Screening Procedure 26:2:24 (lawsociety.ie)