After widespread rejection in the consultation, the Federal Council will fundamentally review the proposal for an investment audit law. The “Lex China” is intended to protect the Swiss economy from damaging international takeovers.
The Federal Council decided on Wednesday to instruct EAER’s Department of Economics to draw up a new model by the end of 2023. There is widespread skepticism about the previous proposal – several circles have fundamentally opposed an investment review. They argued that limiting investment would be detrimental to the economy and the interference with economic freedom would be great.
The Investment Ratings Act aims to prevent foreign investors from endangering Switzerland’s security or public order. The introduction of such a law goes back to a motion by the Council of States. Unlike the parliament, the Bundesrat is of the opinion that there is no need for an investment review. (aeg/sda)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
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