The Investment Audit Act is based on a motion by Beat Rieder, a member of the Valais Council of States. The reason was, among other things, the takeover of the Swiss agrochemical giant Syngenta by the state-owned company Chem China for $43 billion.
In contrast to Parliament, the Federal Council takes the view that there is no need for an investment review. It believes the current rules are sufficient. To date, there are no known takeovers that have endangered public order or security in Switzerland.
According to the announcement, the new, heavily revised template should therefore only take effect if foreign investors take over Swiss companies that are “in a particularly critical area”. Parliament will now debate the Bill.
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Why more Chinese companies will come to Switzerland
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Switzerland can expect to see a lot more companies coming over from China in the coming years, according to Liu Jiren, CEO of Neusoft.
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