This article describes changes that were made to Australia’s foreign investment laws. The alterations were specifically made in direct response to the COVID-19 crisis, so that they may better address the perceived risk that otherwise viable Australia-based businesses will be opportunistically acquired by foreign buyers without any sort of government oversight, presenting risks to Australian national interests.
The article also looks at key elements of the changes and other particularly noteworthy points.
Author: Simon Haddy, Partner, Johnson, Winter & Slattery
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Region:
Australia
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