Last September, Italian police raided the offices of an aeronautics firm called Alpi Aviation that provided drones to the country’s military. Alpi stood accused of violating the Golden Power, an Italian law intended to prevent the unregulated foreign acquisition of defense companies. In addition to sending a military drone to China marked as a “model aircraft,” Alpi allegedly failed to notify the government of its opaque 2018 sale to a Chinese enterprise linked to China Railway Rolling Stock. The Alpi Aviation case has prompted renewed debate over the European Union’s foreign direct investment screening mechanism, which was implemented in 2020 … Continue reading How to Protect Europe From Risky Foreign Direct Investment
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How to Protect Europe From Risky Foreign Direct Investment
Last September, Italian police raided the offices of an aeronautics firm called Alpi Aviation that provided drones to the country’s military. Alpi stood accused of violating the Golden Power, an Italian law intended to prevent the unregulated foreign acquisition of defense companies. In addition to sending a military drone to China marked as a “model aircraft,” Alpi allegedly failed to notify the government of its opaque 2018 sale to a Chinese enterprise linked to China Railway Rolling Stock. The Alpi Aviation case has prompted renewed debate over the European Union’s foreign direct investment screening mechanism, which was implemented in 2020 … Continue reading How to Protect Europe From Risky Foreign Direct Investment