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The Overseas Investment (National Interest Test and Other Matters) Amendment Act 2025 (No 81 of 2025) is the largest rewrite of New Zealand's Overseas Investment Act 2005 since the 2018 residential-land amendment. The Bill (Government Bill 171) was introduced by the Minister of Finance in June 2025, passed all three readings in the House of Representatives, received Royal Assent on 19 December 2025, and was brought into force on 6 March 2026 by the Overseas Investment (National Interest Test and Other Matters) Amendment Act 2025 Commencement Order 2026 (SL 2026/2). The Act replaces the OIA's residual "investor test" discretion with a single statutory national-interest test applied to all "sensitive asset" transactions, introduces a new s 29B repeat-investor mechanism (Treasury does not re-litigate investor risk factors on subsequent applications outside strategically important businesses), creates new military / dual-use technology call-in transactions and critical-direct-supplier call-in transactions (amended s 85), and adds a no-change-of-control transaction category. Administered by The Treasury (policy lead) and Toitū Te Whenua LINZ (operations / case handling), with consent decisions issued by the responsible Ministers.

On 19 December 2025 the Swiss Federal Assembly adopted in final vote the Federal Act on the Screening of Foreign Investments (Bundesgesetz über die Prüfung ausländischer Investitionen, Investitionsprüfgesetz / IPG; popularly the "Lex China", parliamentary business 22.035). The Act introduces Switzerland's first general ex-ante FDI-screening regime: acquisitions of control over Swiss companies active in security-critical sectors by foreign state-controlled investors require prior approval by SECO, with escalation to the Federal Council. The optional- referendum window runs until 17 April 2026; entry into force is not expected before 2027 once implementing ordinances are adopted. Critical sectors named in the Act include military and dual-use goods, electricity grids and generation, water supply, pharma and health, telecommunications, transport infrastructure and financial-market infrastructure.

On 10 November 2025 the European Commission conditionally approved, under the Foreign Subsidies Regulation (Regulation (EU) 2022/2560), the c. €14.7bn acquisition of German polymer and polyurethane producer Covestro AG by Abu Dhabi National Oil Company (ADNOC). The Phase II investigation identified foreign-subsidy distortions including an unlimited UAE State guarantee covering ADNOC and a committed capital increase by ADNOC's state-backed parent into Covestro. To clear the transaction, ADNOC committed to remove the State guarantee, Covestro committed to maintain existing R&D cooperation agreements with EU competitors, and Covestro committed to license its present and future sustainability-related patents (c. 200 patents) to qualifying EU market participants on pre-established transparent terms for ten years. This is the second-ever FSR Phase II conditional clearance (after the September 2024 e&/PPF Telecom decision) and the first FSR remedy package to deploy sustainability-IP licensing as a structural commitment.

President Trump signed Executive Order "Saving TikTok While Protecting National Security" on September 25, 2025, certifying a restructuring plan as a "qualified divestiture" under the 2024 PAFACA law and directing the Attorney General not to enforce the Act for 120 days while the transaction closes. The plan creates TikTok USDS Joint Venture LLC, valued at roughly $14 billion, with a new US-investor consortium (Oracle, Silver Lake and MGX at 15% each, plus other investors, totaling 50%), affiliates of existing ByteDance investors holding 30.1%, and ByteDance itself retaining 19.9%. Oracle will run US data storage and algorithm retraining/oversight; the deal closed January 22, 2026.

Act L of 2025 (2025. évi L. törvény) is the Hungarian National Assembly statute that elevates a set of war-emergency government decrees — including the foreign-investment screening regime previously embedded in Government Decree 561/2022 — to permanent statutory level. Promulgated in Magyar Közlöny and entered into force on 19 August 2025, the Act preserves Hungary's "Second Regime" of FDI screening operating in parallel with the General Regime (which implements EU Reg 2019/452 since 2019). The Second Regime applies to a broad set of strategic sectors — energy, transport, communications, telecoms, pharmaceuticals, food processing, defence, financial services and healthcare — and requires approval from the Minister of National Economy for qualifying acquisitions (direct or indirect majority, ≥5% interest, ≥3% in listed companies, or ownership/operation of strategic infrastructure) where transaction value reaches HUF 350 million (~EUR 890,000). Notification is due within 10 days of signing; the MoE originally had 30 business days (extendable +15 calendar days). The Act also entrenches the Hungarian state right of first refusal on photovoltaic generation companies (NACE 35.11'08, excluding sub-50 kVA household installations), exercised through MNV Zrt. The Special Regime is structurally distinct from the General Regime and represents Hungary's peer to the German AWG §§55-62, French Décret 2014-479, Dutch Wet Vifo, and Italian Golden Power. Amended by Act XCIII of 2025 (in force 17 December 2025), which extended the MoE screening deadline to 45 business days and excluded bank-financing security arrangements from notification.

Czech Act No. 265/2025 Sb., promulgated in the Sbírka zákonů on 4 August 2025 and entering into force on 1 November 2025, is the first material amendment of the Czech Republic's foundational FDI screening statute (Act No. 34/2021 Sb.) since its enactment. The amendment broadens the perimeter of mandatory pre-closing FDI screening by cross-referencing the simultaneously-enacted Cybersecurity Act (Act No. 264/2025 Sb., transposing NIS2 Directive 2022/2555): entities designated as providers of "regulated services" under the Cybersecurity Act's "regime of higher obligation" automatically fall within mandatory FDI-screening scope, extending screening reach beyond the prior military-material / dual-use / critical-infrastructure perimeter to cover a broad sweep of digital, technology, healthcare, energy, and financial-services operators. The amendment also adds a confidentiality-sharing channel between MPO and NÚKIB, enabling coordinated supply-chain-security assessments for high-risk-vendor reviews under the new Cybersecurity Act.

The Polish Sejm passed the Act of 9 July 2025 amending the Act of 24 July 2015 on the Control of Certain Investments, signed by the President on 21 July 2025 and effective 24 July 2025. The amendment removes the time-limited "Specialised Rules" tier (introduced in 2020 under the Anti-COVID Shield) and makes Poland's FDI screening regime permanent. Review competence is transferred from the President of UOKiK (the competition authority) to the minister responsible for economic affairs (currently the Minister of Finance and Economy), and a new trigger covering "an international situation distorting the market or competition" is added alongside the existing public-order, security and health grounds.

On 2025-07-08 President Trump issued a Section 721 (Defense Production Act) order retroactively prohibiting Hong Kong-based Suirui International Co., Ltd.'s 2020 acquisition of Jupiter Systems, LLC, a US video-wall and audio-visual technology maker, from Foxconn. CFIUS found the transaction posed a national security risk because a Chinese military company holds an indirect interest in Suirui Group and can appoint one of its directors, creating a risk that Jupiter's products — used in military and critical- infrastructure environments — could be compromised. The order requires Suirui to fully divest all interests and rights in Jupiter within 120 days of the order (extendable at CFIUS's discretion) and bars Jupiter from holding interests in Suirui-linked Asian subsidiaries formed after the 2020 deal.

Government Decree 163/2025 (VI. 23.) amends the emergency-era Decree 561/2022 (XII. 23.) on economic-protection deviations, making two operative changes to Hungary's FDI screening regime: it extends the review period from 30 to up to 135 working days (45-day base plus three 30-workday extensions) and introduces a state pre-emption right, exercisable within 90 calendar days of a prohibition decision, allowing MNV Zrt. (Hungarian National Asset Management Company) or a designated entity to acquire the blocked target on the same terms as the original parties. The decree applies retroactively to all notification procedures pending at the time of entry into force (24 June 2025) and expands the screening scope from a solar-sector focus to broad strategic sectors. It served as an interim bridge — in force from 24 June to 18 August 2025 — until superseded by the permanent statutory codification in Act L of 2025.

Thailand's Cabinet approved in principle on 22 April 2025 the urgent revision of the Foreign Business Act B.E. 2542 (1999), directing the Ministry of Commerce to overhaul the foundational 25-year-old statute governing foreign participation in Thai economic activities, explicitly shifting the guiding principle from "protection" of domestic entrepreneurs to "enhancing competitiveness." In January 2026, the Department of Business Development operationalised the reform by announcing a 10-sector List-3 delisting package — including telecommunications services not owning network infrastructure, software development, financial-services categories (treasury centres, derivatives agency, collateralised lending, credit guarantee), petroleum drilling services, management services for affiliated companies, and domestic agricultural commodity trading — that would allow wholly-foreign-owned subsidiaries without a Foreign Business Licence (FBL). Simultaneously, the revision introduces a shift from a legal-shareholding test to an actual-control / beneficial-ownership test in nominee-shareholder enforcement, tightening the anti-front-company architecture while liberalising legitimate foreign-investment routes. Full statutory enactment via parliamentary process is expected mid-to-late 2026.

Japan's Cabinet approved an amendment to the Cabinet Order on Inward Direct Investment under the Foreign Exchange and Foreign Trade Act (FEFTA) on 1 April 2025; the order was promulgated 4 April 2025 and entered into force 19 May 2025. The amendment introduces two new investor categories — Type-A (investors legally or contractually obligated to share information with foreign governments) and Type-B (investors effectively in a comparable position without formal legal obligation) — and eliminates or narrows exemptions from mandatory prior-notification screening for both categories. The primary driver is concern over minority-stake acquisitions by Chinese investors in Japanese listed companies operating in sensitive sectors including cloud computing, telecommunications infrastructure, semiconductor equipment, and advanced electronics. The reform is structurally distinct from the outbound FEFTA catch-all controls overhaul (2025-10-09) and from the Economic Security Promotion Act (2022-05-18); it is the inbound FDI-screening complement to that framework.