New laws to crack down on 'potentially hostile investments' come into force 

The new law applies to specific industries, such as ones that supply critical inputs such as energy or raw materials, as well as food security

Minister of State Dara Calleary said that the formal screening mechanism for investments would be tailored to Ireland’s needs. Picture: Gareth Chaney/Collins

New laws come into effect today that will allow the Government to screen inward investment into Ireland to protect against “potentially hostile investments”.

The Screening of Third Country Transactions Act 2023 was signed into law in 2023, but its provisions only take effect from January 6, 2025.