New law will allow non-EU investments to be screened

Enterprise minister to get powers to stop financing that poses a threat to security or public order, in line with European Union regulation

Leo Varadkar, the Minister for Enterprise, Trade and Employment, is implementing a new law to protect Ireland’s critical technology and infrastructure from potentially harmful foreign investment

Leo Varadkar has received government approval to publish a new law allowing Ireland to screen investments from non-EU countries for the first time.

The law will introduce an investment screening mechanism allowing the Minister for Enterprise, Trade and Employment to evaluate whether an investment poses a threat to Ireland’s security or public order.

It will also grant the minister the powers to put a halt to such investment, if deemed necessary, and will result in ...