ANNOUNCEMENT 01 Dec 2018
On 1 December 2018, the French authorities extended the scope of foreign investments subject to prior authorisation.
NUMBER OF INTERVENTIONS
Decree No. 2018-1057 of 29 November 2018 , published on 1 December 2018: https://www.legifrance.gouv.fr/eli/decret/2018/11/29/ECOT1816712D/jo/texte
UNCTAD, Investment Policy Monitor, France extends its foreign investment screening: https://investmentpolicyhub.unctad.org/IPM/MeasureDetails?id=3334&rgn=&grp=&t=&s=&pg=1&c=&dt=&df=&isSearch=false
Freshfields, French State looking to intensify its control on foreign investment, issued on 21 December 2018: https://riskandcompliance.freshfields.com/post/102f7mh/french-state-looking-to-intensify-its-control-on-foreign-investment
The National Law Review, Extension of Foreign Investment Control to New Strategic Sectors And the Reinforcement of Sanctions, issued on 17 December 2018: https://www.natlawreview.com/article/extension-foreign-investment-control-to-new-strategic-sectors-and-reinforcement
On 1 December 2018, the French authorities issued Decree No. 2018-1057 extending the scope of foreign investments in certain sectors subject to prior authorisation. Such sectors are: "1) space operations; 2) cybersecurity; 3) artificial intelligence; 4) robotics; 5) semiconductors and additive manufacturing; 6) data hosting; 7) systems utilized for capturing computer data or intercepting correspondence; 8) IT systems for public authorities in the field of national security; 9) information systems utilized in crucial industries; 10) research and development of dual-use goods and technologies".
In this context, the French authorities stipulated in said Decree that: "The decree extends the scope of the sectors covered by the authorisation procedure to new economic sectors essential to guaranteeing the country's interests in matters of public order, public security or national defence." (own translation)
The Decree entered into force on 1 January 2019.