COVID-19 Overseas investment reforms to take effect in two weeks

3 June 2020

​Last week we provided an update on the urgent overseas investment law reforms that had passed through Parliament. Late yesterday (2 June 2020) the Overseas Investment (Urgent Measures) Amendment Act received Royal Assent.

Accordingly, most of the changes brought about by the amendments, including the temporary notification regime, will come into force on 16 June 2020. As set out in our update last week, the temporary notification regime will not apply to transactions entered into before this date. However, notifications can be made to the Overseas Investment Office ahead of that date (although details are not yet available as to the content or form of that notification).

If you have any questions abo​​ut the matters raised in this article, please get in touch with the contacts listed, or your usual Bell Gully adviser.

To view our other COVID-19 related publications, click here.

To receive all Bell Gully's updates on COVID-19 you can subscribe here. ​​

This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.