M&A During the COVID-19 Crisis —European Commission Encourages Protection of Critical Assets by EU Member States: The European Commission Issues Guidelines Calling for Heightened Scrutiny of Foreign Investments in the EU

Sullivan & Cromwell LLP - March 30, 2020

In its latest set of action during the COVID-19 crisis, the European Commission has issued guidelines to the 27 EU Member States regarding investments (including minority stakes) by non-EU entities in strategic industries. The guidelines illustrate the heightened politicization of global deal making and are a fresh reminder of the importance of mapping out political and strategic sensitivities as soon as possible across a number of jurisdictions.