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On 6 January 2025, Ireland’s new foreign direct investment screening regime commenced, which enabled the Department of Enterprise, Trade and Employment (“Department”) to review, for the first time, transactions involving foreign investment that may impact on security or public order in Ireland, through mandatory notification requirements or a ‘call-in’ power.
As the new regime has reached the one-year milestone, we are pleased to share our updated Briefing. This provides an overview of the key elements of the new regime, and our main takeaways from year one. We also draw on our depth of expertise gained in advising on the regime to date to explain and what parties engaged in M&A activity in Ireland need to think about to ensure preparedness for transactions potentially within scope and manage timing impacts on transaction timelines.
If you have any queries in relation to this update, please contact our Competition and Regulation partners, Niall Collins, Kate McKenna, Calum Warren, Simon Shinkwin or your usual Matheson contact.