On foreign investment and merger controls: A law and geoeconomics view

Authors: Luca Arnaudo


The essay provides a brief overview of the transition that occurred in major legal systems from golden share to golden power provisions in order to protect national strategic interests in the economic field, with a focus on Italy. A closer look is then dedicated to a recent proposal for an EU regulation on foreign investment control. Final thoughts are developed in light of recent lines of social science research, pointing at the existence of geo-economic contests in a context of economic wars.

Keywords: Golden share – Golden power – Competition – Merger control – Geo-economics – Economic intelligence – Economic war