SECURITY CONCERNS QUASH SALE OF GERMAN COMPANY

The Wall Street Journal Risk & Compliance blog reported on 27th July that the German government has imposed the first-ever ban on the sale of a German company, Leifeld Metal Spinning AG, to a Chinese one on security grounds, as it would be a “risk to public order and safety”, under legislation last year to make it easier to veto takeovers of strategically important companies if the investment puts the public order or safety at risk.

https://www.wsj.com/articles/chinas-pursuit-of-western-tech-assets-hits-a-german-roadblock-1532705695

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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