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Czech Republic aims to strengthen the control of foreign investments

On 6 April 2020, the Czech Government approved a draft law establishing rules and procedures for the screening of foreign investments in the Czech Republic.

The draft law empowers the Ministry of Industry and Trade to prohibit the investment or set specific conditions to be fulfilled by the investors. Even if the investment has already been made, the Ministry has the power to prohibit continuation of the investment.

Investments are currently only partially controlled in specific business sectors, such as arms and ammunition manufacturing, banking or energy.

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