In June 2022, the governments of Belgium’s nine federated entities agreed on the text of a cooperation agreement implementing a screening mechanism of general application for foreign direct investments into Belgium. The screening mechanism is expected to enter into force on 1 January 2023. The Cooperation Agreement is inspired by EU Regulation 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a general framework for the screening of foreign direct investments into the Union. Belgium is now set to become the 19th EU Member State with a screening mechanism for foreign direct investments.
Arne Naert is a senior associate in the Corporate Finance Practice Group in the Brussels office. He joined Baker McKenzie in 2012. Between 2012 and 2019 he was active as a teaching assistant at the KULeuven, Institute of Commercial Law and Insolvency. Between 2019 and 2021, Arne Naert acted as legal counsel and secretary to the board of directors of a Euronext Brussels listed company.