On 20 July 2022, the Secretary of State for Business, Energy and Industrial Strategy issued the first prohibition under the National Security and Investment Act 2021. We consider the lessons learned from this milestone and...more
The National Security and Investment Act introduces a mandatory obligation to secure clearance for certain types of transactions -
On January 4, 2021, the long-anticipated National Security and Investment Act 2021 (NSIA)...more
In November 2020, the UK published a draft of its new National Security and Investment Bill ("NSIB"), heralding the introduction of a new regime for reviewing investments on national security grounds. The Bill introduced a...more
3/9/2021
/ BEIS ,
Critical Infrastructure Sectors ,
Energy Sector ,
Foreign Investment ,
Maritime Transport ,
Merger Controls ,
National Security ,
Public Communications ,
Public Contracts ,
Supply Chain ,
UK
State aid remained one of the key sticking points in Brexit negotiations right until the announcement of the Trade and Cooperation Agreement ("TCA") on Christmas Eve 2020. One of the key priorities of the European Union...more
2/8/2021
/ BEIS ,
Cross-Border Transactions ,
EU ,
European Commission ,
Financial Assistance Policies ,
Judicial Review ,
Member State ,
State Aid ,
Subsidies ,
Trade Relations ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA)
The UK has published a draft of its new National Security and Investment Bill, together with explanatory notes, heralding the introduction of a new regime for reviewing investments in the UK. The new regime would introduce,...more
The UK has outlined the details of its new National Security and Investment Bill, heralding the introduction of a new regime for foreign direct investments in the UK. The new regime would introduce, for the first time, a...more