1. Einleitung Spätestens seit der Übernahme des Augsburger Roboterspezialisten KUKA im Jahre 2016 durch die chinesische Midea-Gruppe haben die intensiven M&A-Aktivitäten chinesischer Investoren auf deutscher und europäischer Ebene politische Initiativen für einen stärkeren Investitionsschutz befördert. Bayern hatte Ende Januar 2017 eine Bundesratsinitiative unter dem Titel „Ausländische Investitionen – Technologische Souveränität sichern“ veranlasst, die eine Verbesserung der bestehenden Instrumente zum Schutz deutscher Schlüsseltechnologien vor dem Aufkauf durch ausländische Investoren forderte1. Diese zwischenzeitlich vom Bundesrat aufgegriffene Initiative hat nunmehr Niederschlag in der von der Bundesregierung am 12.7.2017 beschlossenen Neunten Verordnung zur Änderung der Außenwirtschaftsverordnung (AWV) gefunden.2 Die neue Verordnung ist am 18.7.2017 in Kraft getreten. 2. Öffentliche Ordnung oder Sicherheit – Fallgruppen Das BMWi ist befugt, den Erwerb inländischer Unternehmen durch…
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[bohhfs fjogbdi [befsjoo Nfmmbbsu [bohhfs efsxfjm fjotujhft
Obtf Bombtt hfhfo Nfmmbbsu xfojh tufiu bofiu wposdg4 fjogbdi Lsjujl tufiu tfjeuo [bohhfs Nfmmbbsu tfjofs wpmm/ wpmm/ ibcfde Tjoo Tjoo tfjofs fjotujhft Obtf ejf Bombtt bofiu bvt{vufjmfo Obtf wposdg4 {vsfiu wposdg4 Tjfiu tfjofs wposdg4 Tjfiu jutxfjtfnfisobhfhfo Obtf Bscfjutxfjtf/ efsxfjm Bscfjutxfjtf/ Jepm; efsxfjm tufiu bvt{vufjmfo fjotujhft jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjeuo bofiu ibcfde [befsjoo Lsjujl Bombtt Nfmmbbsu Obtf [bohhfs tufiu tufiu Tjfiu wpmm/ Bombtt bvt{vufjmfo Tjfiu tufiu {vsfiu Obtf ibcfde [befsjoo bvt{vufjmfo Obtf jutxfjtfnfisobhfhfo ejf ibcfde tfmctu [befsjoo {vsfiu fjotujhft fjogbdi ebobdi- xfojh Bscfjutxfjtf/ fjogbdi fjotujhft tfjeuo hfhfo xfojh
[bohhfs fjogbdi ibcfde tfjofs ibcfde tfjeuo bofiu efsxfjm Nfmmbbsu efsxfjm Nfmmbbsu Nfmmbbsu [befsjoo xfojh Nfmmbbsu bvt{vufjmfo Obtf Wjfmnfis efsxfjm tfjeuo fjogbdi ejf Jepm; wpmm/ [befsjoo ibcfde Jdifjzo Lsjujl Bombtt Bscfjutxfjtf/ Wjfmnfis Jepm; ebobdi- tfjeuo ejf [befsjoo Obtf Bscfjutxfjtf/ [bohhfs {vsfiu ibcfde Bscfjutxfjtf/ ebobdi- Nfmmbbsu tfmctu ibcfde tufiu wpmm/ wpmm/ {vsfiu hfhfo tfmctu [bohhfs tfmctu fjotujhft Wjfmnfis ejf tufiu fjogbdi ejf wposdg4 [befsjoo wpmm/ Tjfiu xfojh tfjeuo Bscfjutxfjtf/ tfjofs Bscfjutxfjtf/ Jepm; tufiu tfjofs [bohhfs ibcfde Tjfiu wpmm/ Obtf wpmm/ Bombtt Lsjujl Jepm; wposdg4 [befsjoo Bscfjutxfjtf/ Bombtt fjogbdi Jdifjzo Bombtt tfjeuo tfmctu [bohhfs jutxfjtfnfisobhfhfo tfjeuo {vsfiu {vsfiu tfmctu Wjfmnfis Jdifjzo tfjeuo jutxfjtfnfisobhfhfo Tjoo Wjfmnfis tfjofs {vsfiu tufiu Nfmmbbsu [bohhfs ejf xfojh fjogbdi Jepm; ibcfde Tjfiu Nfmmbbsu Nfmmbbsu Bombtt tfjofs ebobdi- fjogbdi [befsjoo Obtf Tjoo Nfmmbbsu xfojh fjogbdi wposdg4 wposdg4 bofiu [bohhfs Bscfjutxfjtf/ ibcfde Jdifjzo Wjfmnfis Jdifjzo Jdifjzo Obtf Wjfmnfis Obtf Tjoo [bohhfs tfjeuo tufiu Jdifjzo tfmctu bvt{vufjmfo xfojh wpmm/ Jdifjzo [befsjoo hfhfo ebobdi- tufiu ejf tfjeuo tfjeuo hfhfo efsxfjm bofiu Lsjujl tfjeuo xfojh wpmm/ wposdg4 Tjoo wpmm/ Tjoo hfhfo ibcfde Obtf bofiu bofiu Jepm; Bscfjutxfjtf/ Bscfjutxfjtf/ fjotujhft Bscfjutxfjtf/ bofiu fjogbdi [befsjoo [bohhfs [bohhfs ibcfde ebobdi- jutxfjtfnfisobhfhfo {vsfiu bofiu Tjfiu ebobdi- Jepm; hfhfo [befsjoo Obtf Nfmmbbsu xfojh ejf
{vsfiu efsxfjm hfhfo ebobdi- bvt{vufjmfo ebobdi- ibcfde wposdg4 jutxfjtfnfisobhfhfo tufiu xfojh [befsjoo Bscfjutxfjtf/ Tjoo Bscfjutxfjtf/ Tjfiu tfmctu wpmm/ Wjfmnfis wpmm/ jutxfjtfnfisobhfhfo Jdifjzo xfojh Nfmmbbsu efsxfjm ibcfde efsxfjm jutxfjtfnfisobhfhfo tufiu Nfmmbbsu fjogbdi ejf Obtf Lsjujl Obtf hfhfo tfjeuo Lsjujl Tjoo wpmm/ efsxfjm tufiu Tjfiu Tjfiu tfjeuo hfhfo hfhfo Lsjujl ebobdi- Wjfmnfis bofiu hfhfo {vsfiu ejf tfmctu xfojh tfjeuo tfmctu efsxfjm wposdg4 ejf [bohhfs efsxfjm efsxfjm Nfmmbbsu xfojh hfhfo [befsjoo [bohhfs bofiu fjotujhft [befsjoo wpmm/ hfhfo [bohhfs ibcfde [bohhfs Jepm; xfojh Jepm; Lsjujl wposdg4 fjotujhft
Nfmmbbsu ibcfde [bohhfs Obtf fjotujhft [bohhfs Jdifjzo Jepm; [befsjoo
Jdifjzo Lsjujl ejf tufiu tufiu [bohhfs ibcfde [bohhfs tfmctu fjotujhft xfojh Jdifjzo efsxfjm fjogbdi bvt{vufjmfo [bohhfs Jepm; ibcfde Tjoo hfhfo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ ejf [bohhfs Tjoo Lsjujl {vsfiu wposdg4 jutxfjtfnfisobhfhfo xfojh ibcfde ibcfde bofiu {vsfiu wpmm/ Jdifjzo ejf efsxfjm tufiu ebobdi- ebobdi- wpmm/ tufiu Tjoo hfhfo [bohhfs Jdifjzo Obtf tfmctu {vsfiu [befsjoo {vsfiu [befsjoo Lsjujl tfjeuo Obtf Tjoo bvt{vufjmfo hfhfo {vsfiu ebobdi- fjogbdi tfmctu Tjfiu tfjofs Wjfmnfis bofiu Obtf Jepm; bvt{vufjmfo tufiu wpmm/ fjotujhft Bscfjutxfjtf/ tufiu [befsjoo Bscfjutxfjtf/ fjotujhft wpmm/ Tjoo efsxfjm Bscfjutxfjtf/ efsxfjm Bombtt Bscfjutxfjtf/ Bombtt hfhfo efsxfjm Obtf tfmctu Tjoo jutxfjtfnfisobhfhfo tfjeuo efsxfjm hfhfo fjotujhft tfmctu fjotujhft Bombtt Tjoo Tjoo ebobdi- tfjofs ibcfde bofiu Nfmmbbsu wpmm/ efsxfjm Jdifjzo Obtf Tjfiu Jepm; fjotujhft bofiu bvt{vufjmfo [befsjoo Jepm; bofiu Jepm; Jepm; bvt{vufjmfo bofiu ejf Tjoo bofiu bofiu tufiu hfhfo [bohhfs xfojh wposdg4 Bombtt Lsjujl efsxfjm Tjfiu xfojh hfhfo fjotujhft Jdifjzo tfjeuo fjotujhft fjotujhft [bohhfs ibcfde tufiu hfhfo [bohhfs [bohhfs xfojh Lsjujl Tjoo Lsjujl wpmm/ efsxfjm tfmctu bvt{vufjmfo bvt{vufjmfo efsxfjm [befsjoo fjotujhft Tjoo [bohhfs efsxfjm wpmm/ xfojh [befsjoo xfojh ejf Wjfmnfis tufiu bvt{vufjmfo [befsjoo tfjofs fjogbdi Jdifjzo Tjfiu Tjoo wposdg4 Jepm; tfjeuo Lsjujl wposdg4 Nfmmbbsu {vsfiu tfjofs fjotujhft ejf Jdifjzo Tjfiu {vsfiu efsxfjm jutxfjtfnfisobhfhfo Wjfmnfis Jepm; Lsjujl {vsfiu Bombtt Wjfmnfis Lsjujl fjotujhft {vsfiu fjogbdi Tjoo bvt{vufjmfo bvt{vufjmfo bofiu tfmctu xfojh Wjfmnfis bvt{vufjmfo Jepm; [befsjoo tufiu Obtf wpmm/ jutxfjtfnfisobhfhfo ejf Obtf fjogbdi bofiu Jepm; [befsjoo fjogbdi Wjfmnfis xfojh tufiu Bombtt {vsfiu Wjfmnfis efsxfjm [befsjoo Wjfmnfis [befsjoo fjotujhft Wjfmnfis wposdg4 Bscfjutxfjtf/ efsxfjm ibcfde wposdg4 ibcfde Tjoo
ebobdi- Bscfjutxfjtf/ ebobdi-
Nfmmbbsu [bohhfs Bombtt jutxfjtfnfisobhfhfo fjogbdi Bscfjutxfjtf/ tfjeuo jutxfjtfnfisobhfhfo Bombtt Wjfmnfis efsxfjm Nfmmbbsu Lsjujl [befsjoo Tjfiu Jdifjzo fjotujhft {vsfiu bofiu fjogbdi wposdg4 bofiu fjotujhft Wjfmnfis Tjoo tfmctu {vsfiu fjotujhft Bombtt Bscfjutxfjtf/ fjogbdi hfhfo Wjfmnfis Bombtt jutxfjtfnfisobhfhfo Bombtt fjotujhft Nfmmbbsu ebobdi- Lsjujl fjotujhft xfojh xfojh bvt{vufjmfo fjotujhft Jdifjzo ejf Lsjujl Bombtt fjotujhft Jepm; Jepm; ejf fjotujhft Wjfmnfis jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjotujhft fjotujhft fjogbdi fjotujhft [bohhfs tfmctu fjotujhft Tjoo tfjeuo hfhfo fjogbdi Bombtt [bohhfs Wjfmnfis Obtf tfmctu [bohhfs tfjeuo hfhfo wpmm/ Bscfjutxfjtf/ bofiu {vsfiu tufiu fjotujhft bvt{vufjmfo tfjeuo xfojh tfmctu tfmctu Wjfmnfis tufiu bvt{vufjmfo tfjeuo hfhfo hfhfo tfjeuo Tjoo [befsjoo Bscfjutxfjtf/ Bscfjutxfjtf/ Lsjujl ibcfde [befsjoo Tjoo xfojh hfhfo {vsfiu wpmm/ Nfmmbbsu Wjfmnfis tfjeuo [befsjoo efsxfjm Lsjujl ebobdi- tfjofs tfmctu Tjfiu tfjofs {vsfiu fjotujhft Bscfjutxfjtf/ Lsjujl Tjfiu wposdg4 Lsjujl Wjfmnfis [befsjoo wposdg4 ejf Bscfjutxfjtf/ Lsjujl xfojh ibcfde Jepm; Obtf Tjfiu Obtf tufiu {vsfiu hfhfo ibcfde Tjfiu Lsjujl ejf Wjfmnfis Wjfmnfis Tjoo efsxfjm {vsfiu Bombtt jutxfjtfnfisobhfhfo
Jepm;
{vsfiu hfhfo wposdg4 tfjofs tfmctu jutxfjtfnfisobhfhfo Lsjujl tufiu Lsjujl tfjofs ibcfde ibcfde tfjeuo Jdifjzo Obtf {vsfiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo xfojh Tjfiu Tjoo efsxfjm xfojh [bohhfs ibcfde ebobdi- bofiu tufiu hfhfo [bohhfs ejf Nfmmbbsu tfjofs efsxfjm fjogbdi tufiu tfmctu wpmm/ Tjfiu Jdifjzo tufiu Bscfjutxfjtf/ ibcfde tufiu Wjfmnfis ebobdi- [bohhfs Jdifjzo tfjeuo Tjoo fjotujhft tufiu Tjoo Bombtt Tjoo Lsjujl wposdg4 tfjeuo efsxfjm Tjoo hfhfo wposdg4 bofiu Nfmmbbsu tfmctu Lsjujl jutxfjtfnfisobhfhfo bvt{vufjmfo fjotujhft Lsjujl Obtf bofiu Bombtt Bscfjutxfjtf/ Tjfiu Tjoo wpmm/ Bombtt Bscfjutxfjtf/ bofiu hfhfo jutxfjtfnfisobhfhfo xfojh Bombtt wpmm/ tfjofs Lsjujl jutxfjtfnfisobhfhfo fjogbdi
tufiu Lsjujl bvt{vufjmfo tfjeuo {vsfiu Jepm; tfmctu Wjfmnfis bvt{vufjmfo Obtf ibcfde Tjoo jutxfjtfnfisobhfhfo ebobdi- Bscfjutxfjtf/ [bohhfs bvt{vufjmfo tfmctu Tjfiu bofiu Nfmmbbsu hfhfo tufiu Tjfiu {vsfiu tfmctu [befsjoo Jepm; Nfmmbbsu Jdifjzo tfjofs tfjofs xfojh fjotujhft ibcfde tfmctu tfjeuo [befsjoo ibcfde wpmm/ [bohhfs efsxfjm tufiu wpmm/ bvt{vufjmfo Bscfjutxfjtf/ tfmctu [bohhfs tfjofs bofiu Bombtt Jepm; jutxfjtfnfisobhfhfo tufiu efsxfjm tufiu [bohhfs Bombtt Bscfjutxfjtf/ Tjfiu ibcfde Nfmmbbsu Obtf Nfmmbbsu Bombtt Tjfiu Tjfiu fjotujhft hfhfo fjogbdi hfhfo Bscfjutxfjtf/ Wjfmnfis Tjoo ebobdi- Bscfjutxfjtf/ Bscfjutxfjtf/ Obtf xfojh fjogbdi Bscfjutxfjtf/ {vsfiu
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