SUSPENSION OF THE LIBERALISATION REGIME OF CERTAIN FOREIGN DIRECT INVESTMENTS IN SPAIN
Among other actions taken in response to the current global health crisis, the Spanish Government has recently adopted the Royal Decree-Law 8/2020, of 17 March, on urgent extraordinary measures to address the economic and social impact of COVID-19.
Under the aforementioned regulation, a new Article 7 bis (entitled “Suspension of the liberalisation regime of certain foreign direct investments in Spain”) is introduced in the Act 19/2003, of 4 July, on the legal regime of cross-border capital movements and economic transactions, and on certain measures for the prevention of money laundering.
As long as Article 7 bis remains in force, the so-called foreign direct investments to be made in critical sectors, as well as those carried out by specific categories of investors, will be subject to prior administrative authorisation.
For further information, please read the entire document.