The Slovak FDI regime applies from 1 March 2023. What are the first impressions?

The FDI Act dramatically expands the powers of certain Slovak authorities to scrutinise investments from the perspective of national security and public policy. As a result of this scrutiny, the authorities may either (i) clear (approve); (ii) clear with mitigation measures (such as divestments); or (iii) prohibit the scrutinised transactions. The FDI Act will apply to certain investments made by non-EU investors completed after 1 March 2023.