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Clifford Chance

Clifford Chance


Germany: Control of Foreign Investments

18 December 2012

The German Foreign Trade Act (Außenwirtschaftsgesetz) and the respective implementation regulation (Außenwirtschaftsverordnung) enable the German federal government to prohibit or restrict certain foreign investments in Germany. This form of acquisition control was introduced in 2009 as a measure to control acquisitions by foreign investors in individual and exceptional circumstances. It is not intended to restrict foreign investment in Germany generally.

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