The EU Parliament and Council’s regulation on foreign direct investments impacts applications for authorisation of foreign direct investments into Spain including those not undergoing the screening

Introduction Royal Decree-law 8/2020, of 17 March, on urgent extraordinary measures to tackle the economic and social impact of COVID-19 (“RDL 8/2020”) included a new article 7 bis in Law 19/2003, of 4 July, on the legal regime applicable to capital movements and economic transactions abroad and on certain measures to combat money laundering (“Law 19/2003”), suspending the framework for the liberalisation of certain foreign direct investments in Spain, making them subject to authorisation. Subsequently, Royal Decree-law 11/2020, of 31 March, which adopts additional social and economic measures to tackle COVID-19 (“RDL 11/2020”) included a number of changes to the screening process (both RDLs were analysed in previous e-bulletins: Additional modifications to the rules governing foreign

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José Ramón Mourenza, The EU Parliament and Council’s regulation on foreign direct investments impacts applications for authorisation of foreign direct investments into Spain including those not undergoing the screening, 11 October 2020, e-Competitions November 2020 - II, Art. N° 97706

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