In: Psychology
As the Covid-19 pandemic shook global capital flows and companies saw the value of their assets tumble, in March 2020 the European Commission issued guidelines calling on EU Member States to install or to make full use of their existing FDI screening mechanisms with the aim of protecting business operating in strategical or critical sectors.Slovenia has followed that call by adopting the Act Determining the Intervention Measures to Mitigate and Remedy the Consequences of the COVID-19 Epidemic (the ‘Act’) on 29 May 2020. It obliges foreign investors to notify the Ministry of Economic Development and Technology (the ‘Ministry’) of any significant investment in Slovenia in strategic sectors.However, while the FDI Regulation addresses third-country investment in the EU, the Act also addresses investors originating in the EU, the EEA and Switzerland.he summary of the measures adopted below aims to give you a brief overview of the steps investors should take in relation to the new obligations under the Act, which will be in place until 2023.