In today’s podcast, we will be diving into a major development that all foreign investors, infrastructure developers, and energy companies should be aware of: the Screening of Third Country Transactions Act 2023. This new Irish legislation introduces a formal screening mechanism for certain investments by non-EU parties into Irish businesses and assets. It has potentially significant implications for deal structuring, timelines, and regulatory risk, particularly in sectors like energy, transport, and technology.
Ainsley Heffernan, Partner, and Head of Beauchamps’ Projects, Infrastructure and Energy team, will, with his fellow Partner, John Gaffney, Co-Head of Beauchamps’ EU & Competition Team, unpack what the legislation means in practice, how to assess whether a transaction might be notifiable, and what steps companies can take to manage compliance and mitigate disruption.