A number of economies have witnessed a steep decline in FDI in the past year due to the COVID-19 pandemic. AIM in partnership with The Roscongress Foundation is bringing you the 1st Digital Edition of AIM EURASIA Chapter which provides opportunities to increase your investment portfolio and cushion the blow of low FDI flows.

In the Working Paper of January 20, 2021, the Council of Europe provides some clarifications regarding the EU-UK Trade and Cooperation Agreement.

In its Global Opportunity Index, the Milken Institute highlights the friendliness of Chilean institutions to foreign investors.

Welcoming the more than 700 scientists, thinkers and opinion leaders who gathered for this year’s Future Congress, President Sebastián Piñera outlined the measures the government has taken to foster the development of science. He also stressed that, through its National Strategy for the Promotion of Green Hydrogen, Chile will become the world’s most efficient producer.

The recent amendments to the UAE Civil Procedures Code (“CPC”) provided in article (62) that the claimant may apply for a Payment Order Application if the monetary claim is arising out of the implementation of a commercial contract.

Decision No. 13/2020/QD-TTg issued by the Prime Minister of Vietnam on encouraging mechanisms for solar power development in Vietnam, dated 6 April 2020 (“Decision 13”) prescribed feed-in tariffs which expired on 31 December 2020.

On 26 January 2021, Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, issued a royal decree requiring all public joint stock companies established in the UAE which have over half of their assets or profits derived from business activities in Dubai, to be listed on either the Dubai Financial Market (DFM) or Nasdaq Dubai (together, the Local Markets). If they are not already listed on a Local Market, they must do so by January 2022.

Further to our previous update, the UAE Cabinet has announced the existence of an Emergency Financial Crisis through the Official Gazette dated 31 January 2021.

As part of implementing the reforms to the Foreign Acquisitions and Takeovers Act 1975 from 1 January 2021, Guidance Notes have been consolidated and updated. The table below lists the new guidance.

I recently reported on Australia’s excellent record for attracting investment from overseas.