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Consequences of Investments for National Security (COINS)

Foreign acquisitions and investments are often found to have positive economic effects in the host country, contributing to transfer of knowledge and new technologies, innovation, increased productivity, job creation and increased tax revenues. Some foreign investments may on the other hand potentially harm societal or national security.

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About the project

COINS examines how, under which conditions, and to what extent foreign investments represent a security challenge, and how to conceptualize, interpret, measure, mitigate and manage such risks.

This topic – of a crucial although underexplored importance – will be investigated conceptually and comparatively by a carefully selected multidisciplinary team, and it will further national research cooperation, as it involves experienced researchers from The Norwegian Institute of international Affairs (NUPI) and the Faculty of Law at the University of Oslo.

The project’s work package 4 will be led by Finn Arnesen from the Scandinavian Institute of Maritime Law. The research participants will conduct an analysis of the new National Security Act of 2018 (“Sikkerhetsloven”) which now includes provisions on ownership control and investments, as well as protection of critical infrastructure.

These new rules have increased the government’s power to intervene in cases of foreign investment in companies, and involve potential incongruities both within national legislation, and between national and international legal commitments.

The work package will also address the legal challenges in political action on investments and security.


The project aims to publish academic articles by the researchers involved in the project. The institute aims to contribute to the project with research on a phd- and post.doc-level.

The project commenced in 2019 and will end in 2023.


The project is funded by the Research Council of Norway in the framework of the SAMRISK program.

Published Nov. 25, 2020 10:10 AM - Last modified July 11, 2022 12:20 PM