European FDI is entering a more selective, strategically driven phase as regulatory scrutiny intensifies and investment concentrates in energy transition and technology-focused sectors. <\/p>\n\n\n\n\n\n
European FDI is undergoing a profound transformation. While overall Europe FDI levels have declined due to high energy prices, slower economic growth and geopolitical instability, investor appetite remains strong in strategic, future<\/strong>\u2011<\/strong>shaping sectors such as AI infrastructure, semiconductors, renewable energy and advanced manufacturing.<\/strong> <\/p>\n\n\n\n At the same time,\u202fcrossborder investment\u202fflows have become more selective and more strategically aligned as governments tighten national screening regimes of sensitive technologies and services. <\/p>\n\n\n\n\n\n European FDI rebounded sharply in 2025, reflecting a broader surge in flows to developed economies. According to UN Trade & Development (UNCTAD), the European Union recorded a 56% increase in FDI<\/a>, supported by significant cross\u2011border acquisitions and renewed investment momentum in key economies including Germany, France and Italy. <\/p>\n\n\n\n However, Europe\u2019s resurgence reflects a selective recovery, driven by large, strategically aligned transactions rather than broad\u2011based expansion. While top markets have regained momentum, the wider investment environment across the region continues to be shaped by geopolitical uncertainty, supply\u2011chain realignment and heightened sensitivity in national\u2011security\u2011related sectors. <\/p>\n\n\n\n\n\n The EU\u2019s fifth annual FDI screening report<\/a> confirms rapid expansion and increased use of national screening mechanisms. By 2025, almost every Member State had implemented an FDI regime, with France and others broadening the scope to cover critical technologies, including those powering the renewable\u2011energy transition. <\/p>\n\n\n\n This tightening directly impacts cross\u2011border investment, especially in sectors tied to national resilience such as defence, energy infrastructure, telecommunications, AI and critical minerals. <\/p>\n\n\n\n\n\n The energy transition continues to drive some of the most significant cross\u2011border M&A activity in Europe. Despite macroeconomic challenges, investors deployed \u20ac3.5 billion<\/a> in European battery storage and grid\u2011modernisation assets in the first half of 2025 alone. <\/p>\n\n\n\n\n\n European FDI is increasingly intertwined with energy resilience, decarbonisation and digital\u2011infrastructure demand This is particularly true as AI\u2011driven data centres reshape power\u2011consumption patterns across the continent. <\/p>\n\n\n\n\n\n Law firm partner, Italy<\/em><\/p>\n\n\n\n\n\n ech\u2011driven dealmaking continues to be a pillar of cross\u2011border investment in Europe. Investors show strong preference for businesses with recurring revenue models, digital integration and scalable cross\u2011border platforms \u2013 trends that helped sustain M&A activity through 2025. <\/p>\n\n\n\n FDI and national\u2011security scrutiny, like the \u201cGolden Power<\/a>\u201d in Italy, now routinely affects acquisitions in AI hardware, semiconductors, EV technologies, cloud infrastructure and cybersecurity. According to international practitioners, cross\u2011border deals are taking longer, require more sophisticated structuring and face more regulatory conditions due to this enhanced scrutiny. <\/p>\n\n\n\n This aligns with broader 2026 expectations: megatrends around critical minerals, energy transition, digital infrastructure and geopolitical realignment are reshaping the entire cross\u2011border investment environment, particularly in light of US tariffs. However, there are significant unanswered questions about how current geopolitical instability will affect foreign direct investment this year and next. <\/p>\n\n\n\n\n\n Head of Antitrust, Italian law firm<\/em><\/p>\n\n\n\n\n\n European FDI has become a far more complex and regulated environment, and this shift is redefining what it takes for law firms to lead in the space. The firms best positioned for success are no longer those with isolated pockets of expertise, but those capable of building a genuinely cross\u2011disciplinary offering. Public law capability now sits alongside competition and M&A work as a core part of the FDI toolkit, reflecting the reality that many transactions are scrutinised not only for their economic effects but also for their national security implications. <\/p>\n\n\n\n\n\n Competition Lawyer, Italy<\/em><\/p>\n\n\n\n Deep sector knowledge in areas such as the energy transition, defence, artificial intelligence and advanced manufacturing, has become indispensable as governments expand the categories of assets subject to review. <\/p>\n\n\n\n The growing complexity of cross\u2011border investment means transactional execution skills are rising in importance. Clients increasingly expect advisers who can navigate multi\u2011jurisdictional screening processes with speed, fluency and strategic foresight. Notably, the latest Chambers research shows that many firms continue to rely on a single FDI specialist. This concentration of expertise may have been adequate a decade ago, but in today\u2019s landscape it exposes a structural gap \u2013 and an opportunity. <\/p>\n\n\n\n Firms that broaden and deepen their FDI bench strength are well placed to distinguish themselves as cross\u2011border reviews become more procedurally demanding and compliance\u2011heavy. <\/p>\n\n\n\n\n\n For individual partners, staying competitive in the European FDI arena now requires specialisation, sophistication and strategic foresight. Those who are thriving tend to be cultivating genuine sector depth in the areas most exposed to regulatory intervention: defence, critical infrastructure and energy transition. This depth enables them not only to anticipate regulatory concerns but also to guide clients through the political sensitivities that increasingly shape outcomes. <\/p>\n\n\n\n Equally important is mastery of cross\u2011border execution. As screening regimes mature and expand, the ability to coordinate filings, manage sequencing and anticipate jurisdiction\u2011specific pitfalls has become a defining differentiator. Partners with strong international client portfolios are finding themselves at the forefront of the market\u2019s most consequential matters. <\/p>\n\n\n\n A final marker of future\u2011readiness is the growing use of advanced analytics and AI\u2011enabled modelling to support scenario planning. With regulatory risk rising, clients are placing greater value on advisers who can quantify exposure, simulate regulatory pathways and support more rigorous decision\u2011making. This analytical capability is increasingly central to high\u2011quality M&A execution. <\/p>\n\n\n\n\n\n The intersection of European FDI, energy transition and tech\u2011driven M&A is reshaping the future of cross\u2011border investment across the continent. As governments deepen FDI screening, investors pivot to strategic industries, and megatrends disrupt supply chains and energy systems, Europe is entering a new era that is defined by strategic alignment rather than volume. Clients require sharper advisory capability to navigate regulatory-driven complexity. <\/p>\n\n\n\n For law firms, this is not simply a shift in market demand this is a significant opportunity to lead in an environment where European FDI, energy transition and technological transformation converge. <\/p>\n\n\n\n\n\n Chambers\u2019 rankings can help you find excellent local law firms and individual lawyers specialising in Italy\u2019s Golden power and FDI issues. <\/p>\n\n\n\n View rankings<\/a> <\/p>\n","protected":false},"featured_media":29152,"parent":0,"template":"","categories":[],"tags":[377,376,378],"publication":[],"blocks":[{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n European FDI is entering a more selective, strategically driven phase as regulatory scrutiny intensifies and investment concentrates in energy transition and technology-focused sectors. <\/p>\n","innerContent":["\n European FDI is entering a more selective, strategically driven phase as regulatory scrutiny intensifies and investment concentrates in energy transition and technology-focused sectors. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-image","attrs":{"image":"%7B%22alt%22:%22%22,%22title%22:%22georgi-kalaydzhiev-g5d5J8hStio-unsplash-2%22,%22caption%22:%22%22,%22description%22:%22%22,%22id%22:29152,%22link%22:%22https:\/\/wpcms.chambers.com\/?attachment_id=29152%22,%22url%22:%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30163819\/georgi-kalaydzhiev-g5d5J8hStio-unsplash-2.jpg%22,%22sizes%22:%7B%22thumbnail%22:%7B%22height%22:120,%22width%22:120,%22url%22:%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30163819\/georgi-kalaydzhiev-g5d5J8hStio-unsplash-2-120x120.jpg%22,%22orientation%22:%22landscape%22%7D,%22medium%22:%7B%22height%22:202,%22width%22:300,%22url%22:%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30163819\/georgi-kalaydzhiev-g5d5J8hStio-unsplash-2-300x202.jpg%22,%22orientation%22:%22landscape%22%7D,%22large%22:%7B%22height%22:689,%22width%22:1024,%22url%22:%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30163819\/georgi-kalaydzhiev-g5d5J8hStio-unsplash-2-1024x689.jpg%22,%22orientation%22:%22landscape%22%7D,%22full%22:%7B%22url%22:%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30163819\/georgi-kalaydzhiev-g5d5J8hStio-unsplash-2.jpg%22,%22height%22:1614,%22width%22:2400,%22orientation%22:%22landscape%22%7D%7D%7D","blockId":"2bnTaE","blockUniqueClass":"lazyblock-chambers-image-2bnTaE"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n European FDI is undergoing a profound transformation. While overall Europe FDI levels have declined due to high energy prices, slower economic growth and geopolitical instability, investor appetite remains strong in strategic, future<\/strong>\u2011<\/strong>shaping sectors such as AI infrastructure, semiconductors, renewable energy and advanced manufacturing.<\/strong> <\/p>\n","innerContent":["\n European FDI is undergoing a profound transformation. While overall Europe FDI levels have declined due to high energy prices, slower economic growth and geopolitical instability, investor appetite remains strong in strategic, future<\/strong>\u2011<\/strong>shaping sectors such as AI infrastructure, semiconductors, renewable energy and advanced manufacturing.<\/strong> <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n At the same time,\u202fcrossborder investment\u202fflows have become more selective and more strategically aligned as governments tighten national screening regimes of sensitive technologies and services. <\/p>\n","innerContent":["\n At the same time,\u202fcrossborder investment\u202fflows have become more selective and more strategically aligned as governments tighten national screening regimes of sensitive technologies and services. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"A shift in European FDI ","headerLevel":"3","blockId":"1lB7P2","blockUniqueClass":"lazyblock-chambers-header-1lB7P2"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n European FDI rebounded sharply in 2025, reflecting a broader surge in flows to developed economies. According to UN Trade & Development (UNCTAD), the European Union recorded a 56% increase in FDI<\/a>, supported by significant cross\u2011border acquisitions and renewed investment momentum in key economies including Germany, France and Italy. <\/p>\n","innerContent":["\n European FDI rebounded sharply in 2025, reflecting a broader surge in flows to developed economies. According to UN Trade & Development (UNCTAD), the European Union recorded a 56% increase in FDI<\/a>, supported by significant cross\u2011border acquisitions and renewed investment momentum in key economies including Germany, France and Italy. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n However, Europe\u2019s resurgence reflects a selective recovery, driven by large, strategically aligned transactions rather than broad\u2011based expansion. While top markets have regained momentum, the wider investment environment across the region continues to be shaped by geopolitical uncertainty, supply\u2011chain realignment and heightened sensitivity in national\u2011security\u2011related sectors. <\/p>\n","innerContent":["\n However, Europe\u2019s resurgence reflects a selective recovery, driven by large, strategically aligned transactions rather than broad\u2011based expansion. While top markets have regained momentum, the wider investment environment across the region continues to be shaped by geopolitical uncertainty, supply\u2011chain realignment and heightened sensitivity in national\u2011security\u2011related sectors. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"FDI Screening tightens across Europe ","headerLevel":"3","blockId":"ZucwAx","blockUniqueClass":"lazyblock-chambers-header-ZucwAx"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n The EU\u2019s fifth annual FDI screening report<\/a> confirms rapid expansion and increased use of national screening mechanisms. By 2025, almost every Member State had implemented an FDI regime, with France and others broadening the scope to cover critical technologies, including those powering the renewable\u2011energy transition. <\/p>\n","innerContent":["\n The EU\u2019s fifth annual FDI screening report<\/a> confirms rapid expansion and increased use of national screening mechanisms. By 2025, almost every Member State had implemented an FDI regime, with France and others broadening the scope to cover critical technologies, including those powering the renewable\u2011energy transition. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n This tightening directly impacts cross\u2011border investment, especially in sectors tied to national resilience such as defence, energy infrastructure, telecommunications, AI and critical minerals. <\/p>\n","innerContent":["\n This tightening directly impacts cross\u2011border investment, especially in sectors tied to national resilience such as defence, energy infrastructure, telecommunications, AI and critical minerals. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"Energy sector M&A accelerates ","headerLevel":"3","blockId":"WdcIB","blockUniqueClass":"lazyblock-chambers-header-WdcIB"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n The energy transition continues to drive some of the most significant cross\u2011border M&A activity in Europe. Despite macroeconomic challenges, investors deployed \u20ac3.5 billion<\/a> in European battery storage and grid\u2011modernisation assets in the first half of 2025 alone. <\/p>\n","innerContent":["\n The energy transition continues to drive some of the most significant cross\u2011border M&A activity in Europe. Despite macroeconomic challenges, investors deployed \u20ac3.5 billion<\/a> in European battery storage and grid\u2011modernisation assets in the first half of 2025 alone. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-image","attrs":{"image":"%7B%22alt%22:%22%22,%22title%22:%22benoit-deschasaux-l050F6hA9xY-unsplash-2%22,%22caption%22:%22%22,%22description%22:%7B%22raw%22:%22%22,%22rendered%22:%22%3Cp%20class=%5C%22attachment%5C%22%3E%3Ca%20href='https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2.jpg'%3E%3Cimg%20width=%5C%22300%5C%22%20height=%5C%22200%5C%22%20src=%5C%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2-300x200.jpg%5C%22%20class=%5C%22attachment-medium%20size-medium%5C%22%20alt=%5C%22%5C%22%20srcset=%5C%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2-300x200.jpg%20300w,%20https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2-1024x682.jpg%201024w,%20https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2-768x512.jpg%20768w,%20https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2-1536x1023.jpg%201536w,%20https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2-2048x1364.jpg%202048w%5C%22%20sizes=%5C%22(max-width:%20300px)%20100vw,%20300px%5C%22%20\/%3E%3C\/a%3E%3C\/p%3E%5Cn%22%7D,%22id%22:29154,%22link%22:%22https:\/\/wpcms.chambers.com\/topics\/european-fdi-cross-border-investment-challenges\/benoit-deschasaux-l050f6ha9xy-unsplash-2\/%22,%22url%22:%22https:\/\/assets.chambers.com\/wp-content\/uploads\/2026\/03\/30164239\/benoit-deschasaux-l050F6hA9xY-unsplash-2.jpg%22,%22sizes%22:%22%22%7D","blockId":"WI5nx","blockUniqueClass":"lazyblock-chambers-image-WI5nx"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n European FDI is increasingly intertwined with energy resilience, decarbonisation and digital\u2011infrastructure demand This is particularly true as AI\u2011driven data centres reshape power\u2011consumption patterns across the continent. <\/p>\n","innerContent":["\n European FDI is increasingly intertwined with energy resilience, decarbonisation and digital\u2011infrastructure demand This is particularly true as AI\u2011driven data centres reshape power\u2011consumption patterns across the continent. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-quote","attrs":{"quote":" \u201cFirms that are active in\u00a0M&A\u00a0are more likely to be ranked in an FDI category ranking.\u201d<\/em>\u00a0<\/p>","blockId":"1XKbu1","blockUniqueClass":"lazyblock-chambers-quote-1XKbu1"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":{"align":"right"},"innerBlocks":[],"innerHTML":"\n Law firm partner, Italy<\/em><\/p>\n","innerContent":["\n Law firm partner, Italy<\/em><\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"Tech M&A: Digital Infrastructure Reshaping Cross\u2011Border Investment ","headerLevel":"3","blockId":"12Nlx1","blockUniqueClass":"lazyblock-chambers-header-12Nlx1"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n ech\u2011driven dealmaking continues to be a pillar of cross\u2011border investment in Europe. Investors show strong preference for businesses with recurring revenue models, digital integration and scalable cross\u2011border platforms \u2013 trends that helped sustain M&A activity through 2025. <\/p>\n","innerContent":["\n ech\u2011driven dealmaking continues to be a pillar of cross\u2011border investment in Europe. Investors show strong preference for businesses with recurring revenue models, digital integration and scalable cross\u2011border platforms \u2013 trends that helped sustain M&A activity through 2025. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n FDI and national\u2011security scrutiny, like the \u201cGolden Power<\/a>\u201d in Italy, now routinely affects acquisitions in AI hardware, semiconductors, EV technologies, cloud infrastructure and cybersecurity. According to international practitioners, cross\u2011border deals are taking longer, require more sophisticated structuring and face more regulatory conditions due to this enhanced scrutiny. <\/p>\n","innerContent":["\n FDI and national\u2011security scrutiny, like the \u201cGolden Power<\/a>\u201d in Italy, now routinely affects acquisitions in AI hardware, semiconductors, EV technologies, cloud infrastructure and cybersecurity. According to international practitioners, cross\u2011border deals are taking longer, require more sophisticated structuring and face more regulatory conditions due to this enhanced scrutiny. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n This aligns with broader 2026 expectations: megatrends around critical minerals, energy transition, digital infrastructure and geopolitical realignment are reshaping the entire cross\u2011border investment environment, particularly in light of US tariffs. However, there are significant unanswered questions about how current geopolitical instability will affect foreign direct investment this year and next. <\/p>\n","innerContent":["\n This aligns with broader 2026 expectations: megatrends around critical minerals, energy transition, digital infrastructure and geopolitical realignment are reshaping the entire cross\u2011border investment environment, particularly in light of US tariffs. However, there are significant unanswered questions about how current geopolitical instability will affect foreign direct investment this year and next. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-quote","attrs":{"quote":" \u201cThere have been lots of FDI notifications, but just 2-3% are problematic. There is quite a lot of attention, particularly on M&A by US companies.\u00a0It\u2019s\u00a0a very unpredictable area with an inconsistent approach from the Italian government.\u201d<\/em><\/p>","blockId":"Z2g2aBE","blockUniqueClass":"lazyblock-chambers-quote-Z2g2aBE"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":{"align":"right"},"innerBlocks":[],"innerHTML":"\n Head of Antitrust, Italian law firm<\/em><\/p>\n","innerContent":["\n Head of Antitrust, Italian law firm<\/em><\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"What law firms need to compete in the new European FDI landscape ","headerLevel":"3","blockId":"Z1g3Guf","blockUniqueClass":"lazyblock-chambers-header-Z1g3Guf"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n European FDI has become a far more complex and regulated environment, and this shift is redefining what it takes for law firms to lead in the space. The firms best positioned for success are no longer those with isolated pockets of expertise, but those capable of building a genuinely cross\u2011disciplinary offering. Public law capability now sits alongside competition and M&A work as a core part of the FDI toolkit, reflecting the reality that many transactions are scrutinised not only for their economic effects but also for their national security implications. <\/p>\n","innerContent":["\n European FDI has become a far more complex and regulated environment, and this shift is redefining what it takes for law firms to lead in the space. The firms best positioned for success are no longer those with isolated pockets of expertise, but those capable of building a genuinely cross\u2011disciplinary offering. Public law capability now sits alongside competition and M&A work as a core part of the FDI toolkit, reflecting the reality that many transactions are scrutinised not only for their economic effects but also for their national security implications. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-quote","attrs":{"quote":" \u201cFDI is not anti-trust but there are similar procedures and that is an area they are used to dealing with.\u00a0It crosses with administrative law and there is\u00a0a high degree of\u00a0overlap.\u201d<\/em><\/p>","blockId":"ZiarBt","blockUniqueClass":"lazyblock-chambers-quote-ZiarBt"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":{"align":"right"},"innerBlocks":[],"innerHTML":"\n Competition Lawyer, Italy<\/em><\/p>\n","innerContent":["\n Competition Lawyer, Italy<\/em><\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n Deep sector knowledge in areas such as the energy transition, defence, artificial intelligence and advanced manufacturing, has become indispensable as governments expand the categories of assets subject to review. <\/p>\n","innerContent":["\n Deep sector knowledge in areas such as the energy transition, defence, artificial intelligence and advanced manufacturing, has become indispensable as governments expand the categories of assets subject to review. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n The growing complexity of cross\u2011border investment means transactional execution skills are rising in importance. Clients increasingly expect advisers who can navigate multi\u2011jurisdictional screening processes with speed, fluency and strategic foresight. Notably, the latest Chambers research shows that many firms continue to rely on a single FDI specialist. This concentration of expertise may have been adequate a decade ago, but in today\u2019s landscape it exposes a structural gap \u2013 and an opportunity. <\/p>\n","innerContent":["\n The growing complexity of cross\u2011border investment means transactional execution skills are rising in importance. Clients increasingly expect advisers who can navigate multi\u2011jurisdictional screening processes with speed, fluency and strategic foresight. Notably, the latest Chambers research shows that many firms continue to rely on a single FDI specialist. This concentration of expertise may have been adequate a decade ago, but in today\u2019s landscape it exposes a structural gap \u2013 and an opportunity. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n Firms that broaden and deepen their FDI bench strength are well placed to distinguish themselves as cross\u2011border reviews become more procedurally demanding and compliance\u2011heavy. <\/p>\n","innerContent":["\n Firms that broaden and deepen their FDI bench strength are well placed to distinguish themselves as cross\u2011border reviews become more procedurally demanding and compliance\u2011heavy. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"How future-ready partners stay ahead ","headerLevel":"3","blockId":"ZbEw0t","blockUniqueClass":"lazyblock-chambers-header-ZbEw0t"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n For individual partners, staying competitive in the European FDI arena now requires specialisation, sophistication and strategic foresight. Those who are thriving tend to be cultivating genuine sector depth in the areas most exposed to regulatory intervention: defence, critical infrastructure and energy transition. This depth enables them not only to anticipate regulatory concerns but also to guide clients through the political sensitivities that increasingly shape outcomes. <\/p>\n","innerContent":["\n For individual partners, staying competitive in the European FDI arena now requires specialisation, sophistication and strategic foresight. Those who are thriving tend to be cultivating genuine sector depth in the areas most exposed to regulatory intervention: defence, critical infrastructure and energy transition. This depth enables them not only to anticipate regulatory concerns but also to guide clients through the political sensitivities that increasingly shape outcomes. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n Equally important is mastery of cross\u2011border execution. As screening regimes mature and expand, the ability to coordinate filings, manage sequencing and anticipate jurisdiction\u2011specific pitfalls has become a defining differentiator. Partners with strong international client portfolios are finding themselves at the forefront of the market\u2019s most consequential matters. <\/p>\n","innerContent":["\n Equally important is mastery of cross\u2011border execution. As screening regimes mature and expand, the ability to coordinate filings, manage sequencing and anticipate jurisdiction\u2011specific pitfalls has become a defining differentiator. Partners with strong international client portfolios are finding themselves at the forefront of the market\u2019s most consequential matters. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n A final marker of future\u2011readiness is the growing use of advanced analytics and AI\u2011enabled modelling to support scenario planning. With regulatory risk rising, clients are placing greater value on advisers who can quantify exposure, simulate regulatory pathways and support more rigorous decision\u2011making. This analytical capability is increasingly central to high\u2011quality M&A execution. <\/p>\n","innerContent":["\n A final marker of future\u2011readiness is the growing use of advanced analytics and AI\u2011enabled modelling to support scenario planning. With regulatory risk rising, clients are placing greater value on advisers who can quantify exposure, simulate regulatory pathways and support more rigorous decision\u2011making. This analytical capability is increasingly central to high\u2011quality M&A execution. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"Outlook: Entering a new era ","headerLevel":"3","blockId":"Z19O0NR","blockUniqueClass":"lazyblock-chambers-header-Z19O0NR"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n The intersection of European FDI, energy transition and tech\u2011driven M&A is reshaping the future of cross\u2011border investment across the continent. As governments deepen FDI screening, investors pivot to strategic industries, and megatrends disrupt supply chains and energy systems, Europe is entering a new era that is defined by strategic alignment rather than volume. Clients require sharper advisory capability to navigate regulatory-driven complexity. <\/p>\n","innerContent":["\n The intersection of European FDI, energy transition and tech\u2011driven M&A is reshaping the future of cross\u2011border investment across the continent. As governments deepen FDI screening, investors pivot to strategic industries, and megatrends disrupt supply chains and energy systems, Europe is entering a new era that is defined by strategic alignment rather than volume. Clients require sharper advisory capability to navigate regulatory-driven complexity. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n For law firms, this is not simply a shift in market demand this is a significant opportunity to lead in an environment where European FDI, energy transition and technological transformation converge. <\/p>\n","innerContent":["\n For law firms, this is not simply a shift in market demand this is a significant opportunity to lead in an environment where European FDI, energy transition and technological transformation converge. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"lazyblock\/chambers-header","attrs":{"header":"Key takeaways ","headerLevel":"3","blockId":"2lHTen","blockUniqueClass":"lazyblock-chambers-header-2lHTen"},"innerBlocks":[],"innerHTML":"","innerContent":[]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/list","attrs":[],"innerBlocks":[],"innerHTML":"\n Chambers\u2019 rankings can help you find excellent local law firms and individual lawyers specialising in Italy\u2019s Golden power and FDI issues. <\/p>\n","innerContent":["\n Chambers\u2019 rankings can help you find excellent local law firms and individual lawyers specialising in Italy\u2019s Golden power and FDI issues. <\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n