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  2. Foreign Investment Monitor - June 2026 | Issue 12

Foreign Investment Monitor

As governments expand foreign investment controls into new sectors and sharper tools, scrutiny is increasing - becoming more political and a more critical consideration in deal negotiations. Explore what that means for global investment.   

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Regulators are no longer focused solely on who is investing - they are asking what the investment enables: what it controls, what critical systems it touches and what strategic influence it gives rise to.

This edition of Foreign Investment Monitor examines key FDI developments shaping the global investment landscape, including:

  • Digital infrastructure: Data centers enter the security frame
    As AI and cloud demand accelerates, data centers are being reassessed as strategic infrastructure. For investors, FDI risk now turns on data access, control and resilience.  
  • Crossroads for media deals: Plurality, foreign ownership and regulatory scrutiny
    Media transactions are attracting increased, multi-layered scrutiny as European governments reassess who controls news, information and public discourse.  
  • From screening to structuring: FDI risk reshapes M&A deal terms 
    Foreign investment controls are no longer just a customary regulatory condition to closing. In sensitive cross-border M&A, they now influence price, timing, remedies and contractual risk allocation from the outset.  
  • CFIUS: Is the Known Investor Program the golden ticket for investors?
    The Treasury’s proposed KIP points to a more efficient CFIUS for repeat, low-risk investors, but its value will depend on whether it delivers meaningful procedural advantages.  
  • Japan builds its CFIUS: Broader scope, deeper scrutiny
    Japan is tightening foreign investment review, but the more significant change is institutional. A regime once focused on formal filings is becoming more substantive, intelligence-led and security-driven.
  • Austrian FDI: Managing heightened scrutiny, Phase II proceedings and policy shifts
    Active enforcement and broader interpretation of sensitive sectors underscore an evolving European landscape of increasingly interventionist investment screening.   

The question is no longer simply whether a transaction can be cleared, but how it will be assessed against national policy priorities.

June 2026 articles

Executive summary
1. Digital infrastructure: Data centers enter the security frame
2. Crossroads for media deals: Plurality, foreign ownership and regulatory scrutiny
3. From screening to structuring: FDI risk reshapes M&A deal terms
4. CFIUS: Is the Known Investor Program the golden ticket for investors?
5. Japan builds its CFIUS: Broader scope, deeper scrutiny
6. Austrian FDI: Managing heightened scrutiny, Phase II proceedings and policy shifts

Past editions & articles

Foreign investment monitor archive

Related capabilities

Foreign direct investment and national security
CFIUS and investment security

Contacts

View all team
London, Hong Kong, Dublin

Alastair Mordaunt

Partner
Washington, DC

Aimen Mir

Partner | Foreign Investment and National Security | Head of CFIUS Practice
Berlin

Frank Röhling

Partner
London

Michele Davis

Partner | Global Co-Head of Tech, Media and Telecoms
View all team
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