In Short The Development: On 1 June 2023, the Security Screening of Investment, Mergers and Acquisitions Act (Wet Veiligheidstoets investeringen, fusies en overnames) ("the FDI Act") entered into force, introducing a mandatory notification requirement relating to investments in target undertakings in a broad range of sectors. The Result: The FDI Act introduces a notification obligation, with a standstill requirement, and a screening mechanism for defined acquisition activities with respect to target undertakings active in designated vital sectors and sensitive technologies, or that operate business campuses, in the Netherlands. Of note, the FDI Act has retroactive effect on qualified transactions that were concluded after 8 September, 2020. The Minister of Economic Affairs and Climate

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