This bulletin contains a snapshot of the key legal and
regulatory developments which our clients can expect over the
course of 2023. If you would like to discuss any of these
developments in more depth, please get in touch with your usual
Arthur Cox contact.
CORPORATE AND M&A
Competition and Regulated Markets
The Screening of Third Country Transactions Bill
2022 gives the Minister for Enterprise, Trade and Employment
wide-ranging powers to review investments (including certain real
estate transactions relating to critical infrastructure) which meet
specified criteria and ultimately to block investments that create
national security and/or public order risks.
The Bill, which is expected to be enacted in early 2023, could
have significant implications for in-scope real estate
transactions. Parties to transactions will need to assess the
applicability of the new regime and, where a filing obligation
arises, there may be a lengthy review period which may impact