It is a trend that in recent years has developed into something like a never-ending story: the continued expansion in scope and further tightening of Germany’s foreign investment control regime. The 17th Amendment Ordinance to the Foreign Trade and Payments Ordinance dated 27 April 2021, which entered into force on 1 May 2021, adds another chapter to this story. It was meant to be the final one – at least for the time being. However, further amendments are already in preparation for autumn 2021. What’s to come?