The Italian Administrative Supreme Court upholds the Government’s veto of a Chinese multinational’s proposed acquisition of a Dutch seed producer (Verisem / Syngenta / ChemChina)

On January 9, 2023, the Italian Administrative Supreme Court upheld the Italian government’s veto under Italian Foreign Direct Investment (“FDI”) rules of the acquisition of the Dutch agri-food sector company Verisem B.V. and its subsidiaries (including some Italian subsidiaries) by the Swiss company Syngenta Crop