Bill Submitted To Amend The Danish Investment Screening Act

The Danish government has submitted a bill to amend the Danish Investment Screening Act. The bill entails that the authorisation scheme is extended to include parties to contracts concerning the establishment, joint ownership, and operations of the North Sea Energy Island. This is a significant restriction compared to the draft bill that was submitted for consultation in March, which proposed that any contracting party to public contracts concerning critical infrastructure would in future require prior authorisation from the Danish Business Authority. Conversely, the proposed 2-phased application process for the Danish Business Authority's case handling is maintained with a phase 1 of up to 45 days and a phase 2 of up to 125 days (totalling up to 170 days).