The UK Government this week prohibited the acquisition of intellectual property owned by the University of Manchester by a Chinese company – marking the first time the UK Government has exercised its powers to block a transaction under new national security rules. On 20 July 2022, the UK’s Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, announced he has issued a final order under the National Security and Investment Act 2021 (NSIA), blocking the purchase by Beijing Infinite Vision Technology Company Ltd (BIVT) of know-how related to certain vision sensing technology, known as SCAMP-5 and SCAMP-7, developed and owned by the University of
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The UK Department for Business, Energy and Industrial Strategy prohibits the acquisition of British intellectual property by a Chinese Company (Beijing Infinite Vision Technology / University of Machester)
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